Keyword: Staybridge Suites
The Atlanta-based company has partnered with Lincoln McIlravy and his hospitality company Serve 20:28.
The real estate investment trust expects the transaction to close this month, at which point its portfolio will consist of 79 hotels and 8,887 rooms.
Lodging Econometrics’ latest data breaks down the U.S. hotel construction pipeline by franchise company and market.
The openings in Virginia and Tennessee together added 292 rooms to the region.
These three properties consist of a 191-room Holiday Inn, a 99-room Kimpton hotel and a 118-key Staybridge Suites.
The agreement will bring 10 IHG franchise hotels across Africa, sitting in the midscale and upscale segments.
Manchester's Lume building will go from a Crowne Plaza/Staybridge Suites to a Hyatt Regency/Hyatt House dual-brand.
With 1,469 projects and 193,458 rooms in development, Marriott International’s U.S. pipeline grew 9 percent year over year.
A third of the company’s more than 5,600 hotels and nearly 843,000 guestrooms already is adopting the change.
Expected to open in January 2020, hotel will operate under a management agreement with developer Bin Faqeeh Real Estate Investment Company.