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Residence Inn, Courtyard double property opens in Richmond, Va.   10 Dec, 2014

The six-story property has 210 rooms, with 135 on the Courtyard side. It also houses what will be the new headquarters of local nonprofit the First Freedom Center. The project was developed by the Apple Hospitality REIT, a downtown-based real estate investment firm that owns nearly 200 hotels...More>>

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Red Lion signs franchise agreement for Colorado hotel, opens Detroit airport property   10 Dec, 2014

Expected to convert before the end of the year, the future Red Lion Inn & Suites Fort Collins in Colorado is located northwest of I-25 and State Highway 14. The Red Lion Inn & Suites Detroit Airport, 9095 Wickham, converted to the brand last week.More>>

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Hyatt, Starwood make moves to open Japan hotels in 2015   10 Dec, 2014

The new Hyatt Regency Naha in Okinawa is being built under a Hyatt affiliate's franchise agreement with PHR Okinawa Hotel Management, a subsidiary of Ken Corporation. The 294-room hotel will have four F&B outlets, meeting space, a fitness center and an outdoor swimming pool. The property is...More>>

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Three upcoming hotels in Amsterdam   10 Dec, 2014

A new Radisson, the Netherlands' first W and first Element hotel are all in Amsterdam's pipeline for 2015 and 2016.More>>

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HFF closes $27M sale of waterfront development site in Sarasota, Fla.   9 Dec, 2014

HFF represented the seller, an affiliate of National Asset Management Agency (NAMA). Jacksonville, Florida-based GreenPointe Communities purchased the asset for $27 million. The property is entitled for the development of 695 residential units, 190,000 square feet of commercial space and 175 hotel...More>>

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Warmbrodt Hotel Investments sells the Holiday Inn Fort Smith   9 Dec, 2014

WHI was the exclusive adviser on behalf of the seller. The property was sold to an institutional investor at an undisclosed price. The purchaser plans renovations to the guest rooms and public spaces. The Holiday Inn Fort Smith-City Center is a full-service, nine-story, interior-corridor, atrium...More>>

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Marcus & Millichap sells Houston Holiday Inn   9 Dec, 2014

Jake Gaddy, senior associate and Steve Swenholt, associate, both in Marcus & Millichap's Austin office, represented the seller, a Houston-based developer. Chris Gomes, VP investments in the firm's Dallas office, along with Allan Miller, VP investments in San Antonio, represented the buyer, a...More>>

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Experian offers data breach predictions for 2015   9 Dec, 2014

Preventing and managing data breaches have become two of the highest priorities facing businesses today. Credit bureau Experian Data Breach Resolution provided details about several key issues that could affect businesses worldwide in its second annual "Data Breach Industry Forecast."More>>

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Al Habtoor Group to spend $545M on Dubai development   9 Dec, 2014

The Dubai-based Al Habtoor Group plans to build two new hotels, 74 homes and a polo club in the city for an estimated $545 million. This uptick in construction the Habtoor Group's response to the growing property market in Dubai, where occupancy is sitting at 77.8 percent. In total, the Al Habtoor...More>>

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InnVest buys Hyatt Regency in Vancouver   9 Dec, 2014

The hotel was purchased for $140 million, the equivalent of $217,000 per room. Following completion of the sale, a Hyatt Hotels affiliate will continue to manage the hotel under a new long term management contract. The sale is expected to close this month.More>>



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