Investment
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What U.S. cities saw improved numbers last week?   27 Mar, 2015

The newest data released by STR Global on the performance of the U.S. hotel industry shows high scores for hotels across the country. Here is a look at what cities are thriving and the numbers behind their success.More>>

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Future Crowne Plaza in New York City signed by IHG   27 Mar, 2015

The 251-room property on 36th street is scheduled to open in 2017, and IHG will manage on behalf of the owner, LRR Holdings. IHG currently has 25 hotels open in the New York City market across seven of its brands.More>>

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HFF closes Cape Canaveral Hampton Inn sale   27 Mar, 2015

Milestone Hospitality purchased the offering free and clear of debt for $7.1 million. The 86-room hotel will be managed by Lincoln Hospitality Management.More>>

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Fairmont to buy San Diego's Grand Del Mar   27 Mar, 2015

The resort is being sold to the Fairmont Hotels chain and a Northern California investor, although owner Doug Manchester will retain a minority stake. As part of the change in management, the hotel will be re-branded as the Fairmont Grand Del Mar.More>>

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Dallas Westin changes hands, plans $20M update   26 Mar, 2015

HFF marketed the 536-room hotel in central Dallas on behalf of the seller, a joint venture between FelCor Lodging Trust and Starwood Hotels & Resorts Worldwide. The buyers were a partnership between AWH Partners of New York City and Building and Land Technology of Stamford, Conn.More>>

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Starwood Capital Group launches sustainable lifestyle brand 1 hotels   26 Mar, 2015

The first 1 hotels property debuted yesterday in Miami as the 426-room 1 Hotel & Homes South Beach. The brand plans to open one hotel in Manhattan and another in Brooklyn, New York.More>>

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Tennessee Hyatt Place sold for $19.9M   26 Mar, 2015

An entity registered to Archon Group sold the 126-room hotel to a group registered to American Realty Capital Hospitality Trust. The acquisition was part of a $1.8 billion portfolio purchase by American Realty Capital, covering 116 hotels in 31 states. More>>

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New development, not acquisitions, penetrates talk at Hunter Conference   25 Mar, 2015

The strong performance of the hotel industry continues to show no let up, but as asset values surge, investors are shifting their attention away from acquisitions in favor of ground-up development. This was one of the myriad topics discussed during the first day of the Hunter Hotel Conference in...More>>

SMC Hotel Partners LLC recently sold the Radisson Hotel Cincinnati Riverfront Newswire
Brokers see strong hotel transactions market   25 Mar, 2015

Demand for select service expected to grow; international players seen to be becoming more of a force.More>>

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Provenance Hotels acquires full stake in Portland's Sentinel   25 Mar, 2015

Provenance Hotels has acquired Woodbine Development Corporation’s 50-percent interest in the Sentinel hotel, in Portland, Ore., and now owns and controls 100 percent of the property that opened in March 2014. The acquisition comes on the heels of Provenance Hotels’ partnership with Thayer...More>>




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