The direct hospitality lender sold its stake in the 182-suite Panama City Beach hotel to Wesley and Donna Spruill.
Phoenix American Hospitality, Performance Hospitality Management, 21c Museum Hotels and five hotels have made sales and marketing appointments.
The company was recognized as the most innovative hospitality technology startup solution this year.
Located two hours from Manhattan in New York’s Hudson Valley, the hotel will also have the a 12,000-square-foot Spa Mirbeau.
The 11th-floor space, which can accommodate 140 guests, includes a bar, cocktail tables for 10, and a lounge area.
The joint-venture partners have given a name to the upper-midscale brand they introduced in February.
Seven of the new hotels fall under the Budgetel Inn & Suites brand, three under the AmeriVu Inns & Suites brand and two under the Haven Hotel brand.
LNW Hospitality and New Castle Hotels & Resorts will develop the Residence Inn by Marriott/Courtyard by Marriott on Georgia’s Jekyll Island.
China’s total construction pipeline is up 15 percent by hotels year over year, which Lodging Econometrics credits to increased government support.
The Barney River investment company is looking to acquire Westin hotels in Ottawa, Calgary and Edmonton, Canada.
