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Second Quarter 2015 Results Roundup

Hilton Worldwide: Net income attributable to Hilton stockholders for the second quarter was $161 million, compared to $209 million in 2014. Total revenues rose to $2.9 billion. System-wide comparable RevPAR increased 5.2 percent for the second quarter on a currency ...

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Meridian Capital Finances $10 Million on Gregory Hotel

Meridian Capital Finances $10 Million on Gregory Hotel

NEW YORK—Meridian Capital Group arranged $10 million in permanent financing on the Best Western Gregory Hotel located in Brooklyn. The $10 million, 10-year CMBS loan was provided by Rialto Mortgage Finance, L.L.C. and features a fixed rate and interest-only payments ...

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Benchmark Adds Former Palomar San Francisco, Now Hotel Zelos

Benchmark Adds Former Palomar San Francisco, Now Hotel Zelos

THE WOODLANDS (HOUSTON), Texas—Benchmark Hospitality International today added Hotel Zelos San Francisco to its Personal Luxury Resorts & Hotels brand collection. The luxury hotel is owned by Bethesda, Md.-based Pebblebrook Hotel Trust. Hotel Zelos originally opened in 1999 as Hotel ...

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Senators Klobuchar and Lee Question Orbitz, Expedia Merger

Senators Klobuchar and Lee Question Orbitz, Expedia Merger

WASHINGTON, D.C.—U.S. Senators Amy Klobuchar (D-MN) and Mike Lee (R-UT) today called on the Department of Justice (DOJ) to closely scrutinize the proposed acquisition of Orbitz by Expedia. Online travel agencies serve an important role in encouraging a competitive market ...

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Hotel Ivy Reveals Multi-Million Dollar Renovation

Hotel Ivy Reveals Multi-Million Dollar Renovation

MINNEAPOLIS—The Luxury Collection Hotels & Resorts announced the completion of a multi-million dollar renovation to Hotel Ivy, a Luxury Collection Hotel, Minneapolis. Part of Starwood Hotels & Resorts, The Luxury Collection is investing in marquee hotel conversions and landmark renovations ...

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