Keyword: Noble Investment Group
Rafuse had worked with the company since 1999, most recently as chief administrative officer.
However, investors are heading into the new year with caution because performance is expected to dip, according to a JLL report.
The newly added properties add a total of 337 guestrooms to the owner/operator's portfolio.
The hotels comprise a dual-branded Courtyard by Marriott/Element by Westin, an Element by Westin, a citizenM and a boutique hotel.
These new groundbreakings include the second dual-brand Home2 Suites/Tru by Hilton and fourth My Place hotels this month.
With a combined 288 rooms and suites, this is the first combination of the AC Hotels by Marriott and Moxy Hotels brands under one roof.
Moxy has more than 35 hotels open in North America, Europe and Asia Pacific, and is opening new properties in Tennessee, Georgia and Kentucky.
At the Hunter Hotel Conference, panelists on the State of the Industry panel discussed myriad topics, from the value of brands, to the transactions market.
The property sold for roughly $4 million less than when it was last sold in 2006, possibly due to security concerns.
Although supply growth is outpacing demand growth, the city has many demand drivers that keep it a top market.