Best Western
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$21-million refinancing for Hotel Tria in Cambridge, Mass.   30 May, 2012

KW Development has secured $21 million in refinancing for the 121-room Hotel Tria, a Best Western Plus hotel, in Cambridge, Mass. HFF arranged a new, $16-million first mortgage provided by Ladder Capital Finance LLC. In a separate transaction, HFF also advised the ownership in securing a $5-million...More>>

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Best Western Premier opens in Brazil   20 Apr, 2012

The Best Western Premier Majestic Ponta Negra Beach is the chain's first Premier property in Brazil. The 135-room property joins 16 additional Best Western properties in Brazil. Company president and CEO David Kong said Best Western's goal is to have 20 more hotels in development in Brazil by 2017. More>>

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Best Western International plans major expansion in Indonesia   18 Apr, 2012

Best Western International unveiled a major expansion strategy for Indonesia, with plans to more than quadruple its portfolio in the country from four to 17 properties in less than two years. The new developments will boost Best Western's inventory in Indonesia from 535 rooms today to more than...More>>

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Best Western to expand fourfold in Indonesia   16 Apr, 2012

Best Western International has unveiled a major expansion strategy for Indonesia, with plans to more than quadruple its portfolio in the country from four at present to 17 properties in less than two years, according to Hotel Management Asia. The new developments will boost the brand’s inventory...More>>

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Miami Beach Best Western sells for $50 million   12 Apr, 2012

South Florida is hot for hotel transactions—with prices to back it up. CoStar Group reports that Hallandale Beach, Fla.-based developer Man-Co USA LLC has purchased the 93-room Best Western Hotel from Island Associates for $50 million, or roughly $538,000 per room. The 66,528-square-foot building...More>>

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Luxury hotels rise and change hands in Vienna   10 Apr, 2012

A look at what is going on in Vienna, Austria's hotel scene. More>>

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Best Western Plus Sand Rose Suite Hotel opens in Saudi Arabia   8 Mar, 2012

Located in the Gulf city of Al Khobar, the Best Western Plus Sand Rose Suite Hotel features 48 rooms and suites, and a range of facilities.More>>

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Four Best Westerns open in January   6 Feb, 2012

All four of the new Best Western International properties carry the middle-tier Best Western Plus designation, and two of the hotels are new-builds. More>>

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Developers, brands rev up India expansion with mid-tier focus    3 Feb, 2012

China may be the darling of international hotel expansion, but India is nipping at its heels, given its growing middle-class demand, a thirst for mid-market product and paltry room supply.More>>

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Best Western opening upscale hotel in Haiti   27 Jan, 2012

Reuters reports Best Western will bring an upscale hotel to Haiti to capitalize on increased demand from business travelers. The hotel is slated to open this summer under the Best Western premier descriptor, making it one of the first hotels to open in Port au Prince since the earthquake disaster...More>>




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