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Wyndham signs deal for Kenyan hotel   1 Oct, 2014

Wyndham Hotel Group has signed a management agreement for an upscale hotel property in Kenya, near the Amboseli National Park. The Wyndham Amboseli Golf Resort and Spa and is expected to open in 2017 with 290 rooms and two golf courses. More>>

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Lodging Dynamics acquires Illinois Staybridge   1 Oct, 2014

Lodging Dynamics Hospitality Group has made another acquisition through the company’s affiliated equity fund, LD Hotel Group I: a 105-room Staybridge Suites, in Peoria, Ill. The fund is raising up to $60,000,000 to fund additional future acquisitions.More>>

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Marriott aims to open 30 hotels in Africa by 2020   1 Oct, 2014

Following its acquisition of Protea Hotel Group early this year, Marriott is planning to open 30 properties across the continent by 2020. Nine of these hotels will open by end of 2015.More>>

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Houston REIT to purchase HGI near Arboretum in Austin   30 Sep, 2014

Houston-based Moody National REIT is under contract to purchase the Hilton Garden Inn near the Arboretum in Austin for $29.25 million, reports the Austin Business Journal. It also reports that the Travis Central Appraisal District values the 138-room hotel and adjacent land at $13.76 million.More>>

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Ottawa Quality Inn changing hands   25 Sep, 2014

The 212-room Quality Inn in Ottawa, at Rideau Street and King Edward Avenue, is set to be sold to an undisclosed buyer who recently made an unsolicited offer on the property, reports the Ottawa Citizen. The sale will reportedly close around December 1. More>>

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IHG developing downtown L.A. hotel part of Wilshire grand development   24 Sep, 2014

InterContinental Hotels Group has signed a new 900-room InterContinental Hotels & Resorts property in downtown Los Angeles. The hotel will be part of Korean Air and Hanjin Group's more than $1.1-billion new-build Wilshire Grand project. Once completed, it will be the largest InterContinental hotel...More>>

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Hyatt begins its Central America push   24 Sep, 2014

Back in April, Hyatt Hotels Corp. laid down the foundation for its plan to grow its select-service Hyatt Place brand in Central America. It then entered into a master development agreement with LATAM Hotel Corp. to develop 10 Hyatt Place hotels in the region. Today, the plan for the Hyatt Place San...More>>

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Worth Hotels to develop Austin SpringHill Suites   23 Sep, 2014

Worth Hotels has plans to develop the SpringHill Suites – Austin/Cedar Park, Texas, to be located at 1110 Discovery Blvd. in Cedar Park. The 86-room hotel is slated to open in Q1 of 2016. The architect for this project will be Bundy, Young, Sims and Potter, Inc. out of Wichita Falls, Texas.More>>

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IHG's Even brand could be slated for Jacksonville neighborhood   19 Sep, 2014

NAI Hallmark Partners has reportedly acquired land in a Jacksonville, Fla., neighborhood known as Brooklyn that could be slated for the development of IHG's wellness-focused Even brand.More>>

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Hyatt selling large portfolio of select-service hotels for half a billion   19 Sep, 2014

Hyatt Hotels is taking a course that many other hotel asset owners are doing: selling select-service hotels, and buying or retaining more upscale real estate. Today we learned that the Chicago-based hotel operator will sell 38 domestic select-service properties to Lone Star Funds, the...More>>



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