Operations/Management
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Marcus & Millichap broker sale of South Carolina Hampton Inn   31 Jul, 2015

The sales price for the 133-room Hampton Inn & Suites Greenville/Spartanburg was $11.3 million, or $85,150 per key. The property is a five-story, limited service hotel with 38 oversized suites, and is located about four miles from the newly constructed Tyger River Park, a $17 million sports...More>>

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HREC arranges sale of Nathan Hale Inn in Storrs, Conn.   31 Jul, 2015

The 98-room hotel was purchased by the University of Connecticut. Ketan Patel (SVP – Washington D.C.) and Geoff Davis (president & senior principal – New York) exclusively represented the seller during the transaction.More>>

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Designers sort out TV positioning   29 Jul, 2015

The flattening of TVs also offers more options for where, exactly, a TV can go in a room. Here are some options for improving TV locations.More>>

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Lexington by Vantage opens first new-build hotel   29 Jul, 2015

The property's owners, Bhanumati and Kanaiyalal Shah, have owned a property under a Vantage Hospitality brand since 2011, and chose to expand their portfolio by staying in the Vantage family. The four-story hotel has 61 guestrooms and suites, a heated indoor pool, sauna, fitness room, guest sundry,...More>>

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CBRE: Australia is a service-based economy now   29 Jul, 2015

According to CBRE Hotels' latest Australian Hotel Market Update, RevPar grew by 3.4 percent across Australia's major hotel markets in the first half of 2015, which led Ken Smith, regional director of CBRE Hotels Pacific, to say: "This trend reinforces the shift in Australia's economic activity away...More>>

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Magnuson rebrands Michigan Best Western   29 Jul, 2015

Formerly the Best Western Howell, Mich., the 59-room facility is located between Detroit, Lansing, Flint and Ann Arbor. The hotel will receive global brand representation via an affiliation with Magnuson's portfolio of over 1,000 hotels.More>>

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Xenia Hotels acquires three boutique hotels for $245M   29 Jul, 2015

The deal comprises the RiverPlace Hotel Portland, Ore.; the Canary Hotel in Santa Barbara, Calif.; and the Hotel Palomar in Philadelphia. All three hotels will continue to be managed by Kimpton Hotels & Restaurants.More>>

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TV design: Escaping the armoire   27 Jul, 2015

Today's TVs are designed to be as aesthetically pleasing when powered down as the images they project, and with that extra attention paid to their design hotels are now more able to leave them out to be seen, rather than shuttered away to be discovered.More>>

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Jekyll Island, Ga., delays second convention center hotel construction   27 Jul, 2015

Jekyll Island officials say they still need more lodging to house big groups near the beachfront convention center. The Jekyll Island Authority had planned to choose a new private partner this spring to take over construction of a 135-room hotel that's been on the drawing boards since 2007. But a...More>>

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Summit Hotel Properties acquires two Residence Inns for $56.8M   27 Jul, 2015

Summit acquired the 141-guestroom Residence Inn located in Baltimore (Hunt Valley), Md., for a total purchase price of $31.1 million, and the 101-room Residence Inn located in Branchburg, N.J., for a total purchase price of $25.7 million. Interstate Hotels & Resorts will manage the hotels.More>>




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