Apsilon Properties, a hotel development company that owns and operates several IHG-branded properties in metro Atlanta, will own this new hotel.
Rising rates boosted revenue for both the quarter and the year, but the company's pipeline dropped by 7,000 rooms quarter-to-quarter.
Matt Luscombe has nearly 20 years of hospitality and consumer experience, including a decade with IHG.
The new hotels opened in Mesquite, Texas; Bardstown, Ky.; and Santa Monica and Hollister, Calif.
Shutters on the Beach and Hotel Casa del Mar, two neighboring hotels in Santa Monica, add more than 300 guestrooms to Preferred's portfolio.
This achievement coincides with the one-year anniversary of Choice Hotels' acquisition of the WoodSpring brand and franchise business.
This extended-stay hotel adds 95 rooms to the burgeoning Salt Lake City hotel market, and it isn’t wasting any of its limited space.
The 222-room, all-suites condominium resort marks Charlestowne's first management deal in Wisconsin and its second in the Great Lakes region.
The loans will be used to refinance the Hilton Garden Inn in Flowood, Miss.; the Hampton Inn in West Point, Miss.; and the Tru by Hilton in McDonough, Ga.
Scott Sloan most recently served as GM of The Elizabeth Hotel, an Autograph Collection, in Fort Collins, Colo.