Brands
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As Red Lion Hotels thrives, foreign capital takes notice   23 Jun, 2015

Red Lion Hotels Corporation is convening in Spokane, Wash., this week amid a string of good news: the opening of its new RL brand in Baltimore next month, a soaring stock price and propitious RevPAR growth. All of which has made this regional hotel group a national player, attractive to many...More>>

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Hilton signs deal to open DoubleTree Resort in Penang, Malaysia   23 Jun, 2015

Hilton has entered into an agreement with Pinnacle Nexus Sdn. Bhd. for the opening of a DoubleTree Resort in Penang.More>>

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HREC arranges sale of Houston-area Crowne Plaza   17 Jun, 2015

HREC Investment Advisors has arranged the sale of the 294-room Crowne Plaza Houston Northwest Brookhollow located in Houston, Texas. The buyer, Unique Hotel Management Group, is a regional hotel investor; the seller is a Special Servicer that acquired the hotel through foreclosure.More>>

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Starwood files for planned spin-off of vacation ownership business   16 Jun, 2015

Starwood Hotels & Resorts Worldwide announced another step toward the planned spin-off of its vacation ownership business into a separate publicly traded company. Starwood Vacation Ownership (SVO), which will be named Vistana Signature Experiences upon completion of the spin-off transaction, has...More>>

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Sam Zell to sell Chicago Waldorf Astoria to former Strategic head   12 Jun, 2015

A venture led by Laurence Geller is set to acquire the Waldorf Astoria in Chicago from Sam Zell for $113 million, or $600,000 per key for the 188-room hotel. The purchase price would reportedly be the highest per-room price ever paid for a Chicago hotel, since Zell originally acquired the property,...More>>

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WHI sells Holiday Inn in Joplin, MO   12 Jun, 2015

The property was sold to Conor Acquisitions Group at an undisclosed price and will be converted to a DoubleTree Hotel after completion of the planned $6 million renovation during the next twelve months. More>>

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Rotana aims to open 11 hotels worldwide in six months   12 Jun, 2015

The company is expected to expand its portfolio across six different markets including the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Africa, and entering Turkey for the first time.More>>

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Developer bets on Vib Miami to anchor tract, energize neighborhood   12 Jun, 2015

The vibe is good at Best Western International these days. The once-upon-a-time, single-branded hotel operator now has a quiver loaded with six brands, none more highly anticipated than Vīb, Best Western’s lifestyle entry that is slated to make its debut in Miami next year. See how it's all...More>>

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Europe's KKR, Algonquin make two buys in Antwerp   11 Jun, 2015

Global investment firm KKR has announced the purchase of the Radisson Blu Astrid Hotel and the Park Inn Hotel in Antwerp, Belgium, in a joint venture with Algonquin, an independent hotel group with offices throughout Europe. Both the 247-room Radisson Blu and the 59-room Park Inn are situated on...More>>

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Ultima Hospitality acquires Sheraton outside Boston   10 Jun, 2015

Chicago-based hotel investment and managment company Ultima Hospitality has announced the closing and acquisition of the Sheraton Needham Hotel in Needham, Mass. The 247-room hotel recently completed an extensive renovation of the guestrooms and public spaces. The purchase price was not disclosed.More>>




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