Purchased by TNB Hotels in 2016, the property is being temporarily operated under Choice Hotel's economy brand, Rodeway Inn.
Nonrecourse debt, such as CMBS loans, offers hoteliers a way to protect their balance sheets and assets.
Hong Leong Group's City Developments has set its buyout bid for Millennium & Copthorne at approximately £1.8 billion.
Accor has offered $920 million to scoop up Australia's Mantra Group.
The new property is the 61-room Park James Hotel, which is being developed by California-based Pollock Realty Corporation.
As part of the $55-million acquisition, Prince Hotels is now the owner of StayWell's 71-hotel portfolio.
While Raffles breaks ground in Udaipur, Accor will team up with the Shrem Group to launch Mumbai's new Fairmont.
Sometimes perfection is not the objective. That sentiment was made clear during one panel at the Independent Lodging Congress.
Hilton will continue managing two of the UK's largest hotels while Henderson Park has become their new owner.
The best time to talk about how to handle the inevitable downturn is when times are good.