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Fayetteville, N.C., hotel on auction block with $200K starting bid   25 Nov, 2014

The Prince Charles Hotel in Fayetteville, N.C., is going up for auction with a December 15 end date. The opening bid for the hotel is reportedly $200,000. The landmark hotel was deemed unsafe by the city in the fall of 2010, and since then it's fallen into major disrepair, reports say. More>>

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Sale of The Standard, High Line hits a snag   25 Nov, 2014

A deal to sell The Standard, High Line, in downtown Manhattan for a reported $400 million to a group headed by Andre Balazs has hit a roadblock—a serious one The Wall Street Journal reports. But can a deal for the 338-room property get done? More>>

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Cobblestone opens third hotel in Pennsylvania   25 Nov, 2014

Cobblestone Hotels has opened the Cobblestone Hotel and Suites in Waynesboro, Pa. The hotel, located at 12695 Washington Township Blvd., has 36 guestrooms, including whirlpool suites, with amenities such as microwaves and refrigerators, coffee service, free high-speed Internet and flat-panel TVs in...More>>

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Up close with Value Place CEO Bruce Haase   25 Nov, 2014

After 12 years at Choice Hotels International, Bruce Haase is taking his game from Silver Spring, Md., to Wichita, Kan. He joined Value Place as its CEO in April, looking to lead the economy extended-stay brand into a new frontier of development, operations and distribution. He let Hotel Management...More>>

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Mission Capital arranges $20M loan for three North Carolina hotels    25 Nov, 2014

Mission Capital Advisors' Debt & Equity Finance Group has secured a $20-million non-recourse first mortgage loan from a New York-based debt fund on behalf of the Summit Hospitality Group to refinance three North Carolina Marriott-branded hotels located in Raleigh, Charlotte and Cary, consisting of...More>>

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Mexico's Fibra Inn acquires two Microtels    25 Nov, 2014

Fibra Inn, a Mexican real estate investment trust specializing in the hotel industry, has acquired two Microtel Inn & Suites located in Culiacan and Ciudad Juarez and totaling 226 rooms. Fibra Inn has a portfolio of 30 hotelsMore>>

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HFF arranges $140M in financing for Omni San Diego   25 Nov, 2014

HFF has secured $140 million in financing for San Diego's Omni hotel, reports the Pittsburgh Business Times. HFF worked on behalf of the borrower, a joint venture between TRT Holdings and JMI Realty, to arrange a 15-year, fixed-rate loan through AIG Investments. More>>

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San Fran developer plans 50-story Seattle hotel   25 Nov, 2014

A San Francisco hotel developer is looking to build a 50-story hotel and residential tower in downtown Seattle, according to the Seattle Times. A real-estate partnership controlled by Stanford Hotels Group paid $16.75 million last year to acquire a 12,960-square-foot tract at 1903 Fifth Ave.More>>

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Pegasus names Scott Gibson chief executive officer   25 Nov, 2014

Pegasus Solutions has named Scott Gibson chief executive officer. An industry veteran and experienced technology executive, Gibson assumes the role following the recent purchase of Pegasus by Regent Equity Partners.More>>

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Hilton Garden Inn Atlanta Airport North installs event module    25 Nov, 2014

The Hilton Garden Inn Atlanta Airport North tapped Flyte Systems to add its event module to the hotel's FlyteBoard real-time airline schedule display for cost-effective property announcements and travel information on one display. More>>



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