As part of the purchase, Ascent will invest $10 million to modernize and renovate the property’s guestrooms, meeting rooms and public spaces.

Hersha Hospitality Trust acquired the hotel for $79 million.

The days of +5-percent annual RevPAR growth are over. Here are some innovative tips to stay ahead of the curve.

The hotels, both of which have been renovated recently, bring The Hotel Group's portfolio to 38 properties in 11 states.

The lounge now has a fresh look with brand-new décor, including new carpeting, curtains and furniture.

L'Hôtel Marrakech has five suites surrounding a courtyard garden and swimming pool.

The hotel now has 440 contemporary-classic guestrooms and suites, plus three new meeting and event spaces.

Malaysia is still attracting interest from commercial property investors in spite of sluggish economic growth.