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Holiday Inn Staten Island open for business   18 Nov, 2014

M&R Hotel Management manages the newly constructed, 103-room, full-service hotel. The property is M&R's third hotel on the island, joining the 95-room Holiday Inn Express Staten Island West and the 93-room Comfort Inn.More>>

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Strand takes over management of Georgia Wingate   18 Nov, 2014

The 80-room hotel hosts a 2,700-square-foot conference center, a 750-square-foot boardroom, a free hot breakfast each morning, a seasonal outdoor pool, fitness center, business center and both king and queen guestrooms.More>>

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Mexican REIT FibraHotel acquires Sheraton property, expands Starwood relationship   18 Nov, 2014

FibraHotel, a real estate investment trust specialized in urban business-class hotels in Mexico, has acquired the Sheraton Ambassador Monterrey, adding 229 rooms to FibraHotel's portfolio. The transaction will represent a total investment of $13.5 million by FibraHotel, including a renovation over...More>>

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Marriott developing TownePlace in Estero, Fla., with assist from Hertz   18 Nov, 2014

Marriott is planning to open a TownePlace Suites in Estero, Fla., according to the News-Press. The 114-room hotel will be behind the Coconut Point Mall, which already has a 108-room Hyatt Place. Hertz's relocation of its global headquarters to Estero played a key role in the decision to develop a...More>>

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The Sheraton Arlington has a new owner    17 Nov, 2014

Urbana Varro, a national commercial real estate investment, development, and management firm, said it has acquired the 311-room Sheraton Arlington in Texas. A purchase price was not disclosed. The hotel is adjacent to the Arlington Convention Center and within walking distance to AT&T Stadium, home...More>>

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DiamondRock sells L.A. airport Marriott for $160M   17 Nov, 2014

DiamondRock Hospitality Company has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott. This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the Company in late 2013. More>>

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IHG reportedly seeking $1 billion for Hong Kong property   17 Nov, 2014

Hotels selling for upwards of $1 billion is on an upward trend. First The Cosmopolitan, then the Waldorf Astoria and now, maybe, the InterContinental Hong Kong. The hotel's owner, IHG, is reportedly seeking at least $1 billion for the property.More>>

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Pebblebrook acquires Westin Coral Gables for close to $60M   13 Nov, 2014

Pebblebrook Hotel Trust has acquired The Westin Colonnade Coral Gables, in Miami, for $59.4 million. The 157-room upper-upscale hotel is located on what is known as Miracle Mile. The hotel will continue to be operated by Davidson Hotels and Resorts.More>>

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Hampshire to manage, design TRYP by Wyndham in New York   12 Nov, 2014

Wyndham Hotel Group is expanding its select-service TRYP by Wyndham brand in New York City with the signing of a franchise agreement for a 334-room hotel in Manhattan’s Times Square. It will be the brand’s second property in the city. It will be operated by Hampshire Hotels Management.More>>

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Chapel Hill's Franklin Hotel joins Hilton's Curio Collection   11 Nov, 2014

The Franklin Hotel in Chapel Hill, N.C., is joining Curio — A Collection by Hilton, and will be added December 2, reports The Daily Tar Heel. The hotel is owned by Jay Patel, who told the Tar Heel he is excited by the prospects. "This is a collection, so it’s not a full conversion to one of the...More>>




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