The 119-room hotel, now operated by Marshall Hotels & Resorts, opened in 2008 and underwent a renovation in 2017.
Marriott International will continue to manage the hotel on behalf of an affiliate of Walton Street Capital.
Looking to build brand awareness with a lucrative demographic, Emaar Properties, Dubai’s largest-listed real estate developer, is bringing its hotels to China.
Titan Hotel Group sold the 106-room Fairfield Inn & Suites to Baywood Hotels.
Last year, the Mediterranean region reported an 8.4-percent increase in international tourist arrivals, with the trend set to continue this year.
OakNorth has completed a loan that will help Z Hotels turn an office into a 123-room property.
Developers are racing to meet Dubai's goal of reaching 164,000 guestrooms by October 2020, but one leading player is set to sell five luxury hotels.
YTL Hotels & Properties has acquired a company that owns a Madrid hotel, which the Malaysian company plans to rebrand as an Edition.
Island Hospitality Management will manage the recently opened 167-room Courtyard by Marriott Downtown Dallas.
With the addition of five lifestyle brands—Alila, Destination, Joie de Vivre, Thompson and tommie—Hyatt has expanded its presence into 23 new markets.