Keyword: TownePlace Suites
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.
The company’s TownePlace Suites and SpringHill Suites brands have opened new locations across the region.
Lodging Econometrics’ latest data breaks down the U.S. hotel construction pipeline by franchise company and market.
SpringHill Suites by Marriott, TownePlace Suites by Marriott and Home2 Suites by Hilton debuted five new hotels across the South during the past few weeks.
The upper-midscale extended-stay brand opened new locations in Virginia, Illinois, Texas and Colorado.
With 1,469 projects and 193,458 rooms in development, Marriott International’s U.S. pipeline grew 9 percent year over year.
SpringHill Suites, TownePlace Suites, Home2 Suites and Embassy Suites have opened hotels across the United States during the past few weeks.
In the past few weeks, two hotels have opened with a third to come later this month.
American Hospitality Properties Fund III has acquired 17 upper-midscale and midscale hotels.
Hyatt Hotels Corporation and Hotel Equities both took steps to grow their footprints in Canada this week.