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Homewood Suites opens Akron, Ohio, property   17 Nov, 2014

The four-story hotel is the 15th Homewood Suites property in Ohio and the first in the Akron area. Jenilee Taylor, GM, and Cindy Coontz, director of sales, have been in the hotel industry for more than six years. The hotel is owned by TMI Hospitality.More>>

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Danish PE group acquires Copenhagen Marriott    17 Nov, 2014

Danish private equity firm Solstra has acquired the Copenhagen Marriott for many believe to be around $117 million. Solstra is a majority stakeholder in the Bella Centre, which features the hotels Bella Sky and Crowne Plaza among other properties.More>>

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DiamondRock sells L.A. airport Marriott for $160M   17 Nov, 2014

DiamondRock Hospitality Company has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott. This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the Company in late 2013. More>>

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IHG reportedly seeking $1 billion for Hong Kong property   17 Nov, 2014

Hotels selling for upwards of $1 billion is on an upward trend. First The Cosmopolitan, then the Waldorf Astoria and now, maybe, the InterContinental Hong Kong. The hotel's owner, IHG, is reportedly seeking at least $1 billion for the property.More>>

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Cobblestone opens new property in Corry, Pa.   14 Nov, 2014

The Cobblestone Inn and Suites in Corry is the brands second hotel to open in Pennsylvania. There are currently five additional hotels under construction. The hotel has 37 guestrooms, including whirlpool suites, with amenities such as microwaves and refrigerators, coffee service, free high speed...More>>

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Marketplaces stress the need for refrigeration   14 Nov, 2014

In the past, guests would have to venture off-property in order to buy groceries or snacks, but the rising popularity of on-property marketplaces means these services are often located near the guestroom.More>>

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Adoba Hotel and Royal Realties reach legal agreement   14 Nov, 2014

The agreement follows mediation ordered by U.S. District Judge David Lawson at an emergency hearing Oct. 30, following Atmosphere Hospitality Management Services' decision to end its management of the hotel, which operated as the Hyatt Regency Dearborn until two years ago. The case was dismissed...More>>

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Infrared Capital sells NH Hotel, part of mega-deal in Cologne, Germany   14 Nov, 2014

Infrared Capital Partners has sold the 217-room NH Hotel, in Cologne, Germany, to Internos Hotel Real Estate Fund for a reported $36 million. The sale is part of a deal, which also saw Infrared sells the Cologne Tower office building to Canadian REIT Dream Global for around $137 million.More>>

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Poland's Orbis approves $176M Accor hotel buy   14 Nov, 2014

Reuters reports that the supervisory board of Polish hotel group, Orbis, has approved the purchase of 46 hotels in central Europe for $176.5 million from Orbis' French owner Accor. Currently, the Polish group runs 68 hotels in 32 cities in Poland, Lithuania and Latvia.More>>

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Duluth's ZMC Hotels brings 28 properties to market   14 Nov, 2014

Duluth, Minn.-based ZMC Hotels has put 28 hotels up for sale, reports two local media outlets. Vice Chairman John Goldfine said the 40-year-old company's investors are now looking for a return on their investment. Hotels for sale include the Edgewater Resort and Waterpark and the Inn on Lake...More>>



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