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Hotel Management's 2013 Top Hotel Brokers survey is open!   12 Feb, 2013

Hotel Management's annual Top Hotel Brokers survey is open. The survey takes less than five minutes to complete, requires no login and is open until March 8. Results will be published in the April issue of Hotel Management.More>>

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Loews completes Boston Back Bay hotel acquisition    12 Feb, 2013

Loews Hotels & Resorts has completed the acquisition of the 225-room Back Bay Hotel in Boston. The former Doyle Collection property, located at the corner of Berkeley and Stuart Streets, has immediately been converted to the Loews Hotels brand. Plans now call for a roughly $8-million renovation...More>>

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La Jolla, Calif., investment firm acquires Arizona golf resort   11 Feb, 2013

The San Diego Business Journal reports that Interwest Capital Corp. of La Jolla, Calif., has purchased the 249-room Crowne Plaza San Marcos Golf Resort hotel in Chandler, Ariz., for $11 million. The nearly century-old property was acquired from Guaranty Bank and Trust Co., which foreclosed in 2011...More>>

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RockBridge and Concord acquire the Renaissance Meadowlands in Rutherford, N.J.   11 Feb, 2013

RockBridge Partners, a division of RockBridge, and Concord Hospitality Enterprises, have acquired 167-room Renaissance Meadowlands Hotel for an undisclosed amount. The hotel will undergo a $5.25-million renovation that will include the guestrooms and bathrooms, public space upgrades, expanded...More>>

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U.S. in solid recovery mode, numbers say   4 Feb, 2013

Optimism being the current buzzword of the industry, U.S. hoteliers begin to embrace recovery head-on.More>>

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Richfield-led JV acquires DoubleTree Burlington in Vermont   4 Feb, 2013

A joint venture between hotel management company Richfield Hospitality and real estate investor Shelbourne Falcon Investors has the 161-room DoubleTree Burlington hotel in Vermont for an undisclosed amount. It is the fourth hotel acquisition made by the two companies. "We like the Burlington market...More>>

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New York to lose inventory with Flatotel sale   4 Feb, 2013

The Flatotel just north of Times Square in Manhattan was acquired for $180 million and is set to be converted into high-end condominiums. More>>

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Temple completes select-service acquisitions in Ontario and Manitoba    1 Feb, 2013

Temple Hotels has completed the previously announced acquisition of a 50-percent limited partnership interest in the 116-room Residence Inn London Downtown in London, Ontario. The $6-million purchase price was funded entirely in cash. Temple also announced today it has completed the acquisition of...More>>

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Starwood completes sale of dual Aloft and Element Lexington development   1 Feb, 2013

Sarwood Hotels & Resorts Worldwide has completed the sale of Aloft and Element Lexington, Mass., to Rockwood Capital for $36 million. As part of the agreement, the dual-hotel development in Lexington, Massachusetts will be managed under long-term license agreements by Paramount Hotel Group and...More>>

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Four former Starwood Capital-owned hotels in France to be converted to Hyatt brands   1 Feb, 2013

Hyatt Hotels Corp.'s presence in France just grew by four hotels and more than 1,700 rooms. Starwood Capital Group's Groupe Du Louvre affiliate has completed the sale of four hotels in France—Concorde Lafayette, Hotel du Louvre, Martinez and Palais de la Mediterranee—to Constellation Hotels...More>>




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