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Ashford Prime to Acquire Bardessono for $85 Million

Ashford Prime to Acquire Bardessono for $85 Million

DALLAS—Ashford Hospitality Prime has entered into a definitive agreement to acquire the leasehold interest in the 62-room Bardessono Hotel and Spa in Yountville, Calif., for a total consideration of $85 million ($1,370,000 per key). Post-closing, the property will be managed ...

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Pebblebrook Acquires The Tuscan Fisherman’s Wharf

Pebblebrook Acquires The Tuscan Fisherman’s Wharf

Pebblebrook Hotel Trust has acquired The Tuscan Fisherman’s Wharf, a Best Western Plus Hotel, for $122 million. The 221-room hotel is located in Fisherman’s Wharf in San Francisco, Calif. The property will continue to be managed by Kimpton Hotels & ...

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Aloft South Beach Opens

Aloft South Beach Opens

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide today announced the opening of Aloft South Beach. Located in Miami Beach, Fla., the adaptive re-use Aloft hotel features 235 guestrooms in a scenic lakefront setting. Developed by JMH Development and Madden Real Estate ...

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Kimpton Adds Two New VPs to Development Team

Kimpton Adds Two New VPs to Development Team

Kimpton Hotels & Restaurants announced the hiring of Chris Port and Tom Riley as the brand’s new vice presidents of development. Port and Riley will round out Kimpton’s executive development team, joining Chief Development Officer Jim Alderman and Michael Mao, ...

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Trendspotting: The Latest from Content Providers

Trendspotting: The Latest from Content Providers

A brief overview of the latest offerings from top content providers in the lodging industry: COMCAST News: Comcast has expanded its fiber network significantly in the past year, bringing its full portfolio of Ethernet services to places including the Central ...

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