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IHG, Greenland USA to develop Los Angeles' first Hotel Indigo   21 May, 2015

The 350-room, 18-story Hotel Indigo Downtown Los Angeles will be the flagship hotel at Metropolis, a more than $1 billion mixed-use development. Currently under construction, Metropolis will also have three residential towers and a curated retail experience. Metropolis is owned by Greenland USA (a...More>>

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New Jersey Crowne Plaza to convert to a Fairfield Inn   21 May, 2015

Located on the Garden State Parkway adjacent the Paramus Park Mall, the Fairfield Inn & Suites provides access to Route 17 and the local business district. The multi-million dollar brand conversion is expected to be completed by February of 2016. The new, 109-room Fairfield Inn & Suites will offer...More>>

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Holiday Inn Express begins construction in Niles, Ill.   21 May, 2015

The new four-story hotel will be owned and operated by the Skokie-based Lakhani Hospitality, and will be built on the former site of the Traveler's Inn and Ozzie's Bar and Grill. The hotel is slated to open in April 2016, offering 100 guestrooms (17 of which will be suites), 1,500 square feet of...More>>

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Cerberus Capital affiliate sells Silverleaf Resorts   21 May, 2015

Orange Lake Holdings purchased Silverleaf, a vacation-ownership company with 13 properties throughout the U.S. with approximately 120,000 timeshare property owners. The transaction closed on May 18, 2015. Cerberus acquired Silverleaf Resorts in May 2011.More>>

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The U.K.'s Royal Clifton Hotel sold after 30 years of operation   21 May, 2015

Tim Timmerman sold the hotel to D'Urberville Hotels Ltd. The hotel was valued at $6.2 million, and was operated by the same owner for over 30 years. More>>

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Former Ramada in Ohio sold for $2.5M   21 May, 2015

An affiliate of New Zealand-based VR Group purchased the 12-story, 225-room hotel from AAIG of Cincinnati, which was made up of a group of California investors.​ A little more than a year ago, the Queensgate hotel was being marketed for sale with a list price of $3.6 million.More>>

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Moody National in $1.7 Bln, 149-hotel portfolio buy   21 May, 2015

The portfolio comprises 14,000 rooms across 32 states. Much of the portfolio consists of Marriott- and Hilton-branded hotels. Moody said the deal is subject to closing conditions, and cautioned that there is not yet assurance of it being finalized on the current terms.More>>

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Caribbean-Mexico hotel construction pipeline approaches 30,000 rooms   21 May, 2015

At the end of April, there were 29,846 rooms under contract, a 11.4-percent increase in rooms under contract compared with the same month last year. Overall, the highest number of rooms under contract were in the upscale segment (6,901 rooms) with the next-highest number in the luxury segment with...More>>

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Corinthia Group to develop new Malta hotel   21 May, 2015

The development will be a $445-million investment that will create 600 jobs. The project will involve the construction of two buildings that will have fewer rooms than the current hotels on the site, but the rooms will be nearly double the minimum size of the current ones and the hotel will offer...More>>

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First TownePlace Suites under development in Brooklyn   21 May, 2015

The 113-key hotel at 561-567 President St. near Fourth Avenue is part of Marriott's extended-stay brand and is slated for a late 2016 opening. ​The five-story, nearly 52,500-square-foot property will also hold 28 parking spaces. Raymond Chan is the architect of record.More>>



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