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FelCor Sells Embassy Suites Nashville and New Orleans

IRVING, Texas—FelCor Lodging Trust Incorporated announced that it sold the 370-room Embassy Suites – New Orleans-Convention Center and the 296-room Embassy Suites – Nashville-Airport for an aggregate purchase price of $70 million. FelCor is using the net proceeds to pay ...

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Ista Hotels to Be Rebranded as Hyatt Hotels

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has signed a management agreement with IHHR Hospitality Private Limited (IHHR) for five Ista hotels in India to be re-branded by Hyatt. Under the agreement, the fully operational Ista hotels will be ...

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U.S. Lodging Executives Positive About Business Conditions

DURHAM, N.H.—U.S. lodging executives are more positive about present general business conditions, although they are less optimistic about the next 12 months, according to the University of New Hampshire Lodging Executives Sentiment Index (LESI) for September. The index rose very ...

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New Hampton Inn Opens in Beeville

Hampton Inn, Hampton Inn & Suites, and Hampton by Hilton hotels, announced the official opening of its newest property, the 70-room Hampton Inn Beeville. “Hampton combines quality, innovation, comfort and plenty of value-added extras, making it the brand of choice ...

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Hunter Completes Sale of Comfort Suites in Suburban D.C.

ATLANTA & WASHINGTON—Hunter Hotels announced that it advised the owner on the sale of the Comfort Suites in Manassas, Va., in suburban Washington, D.C. Hunter represented a national special servicer as the seller of the 138-guest suite hotel to a ...

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Lexington Enters Canada for the First Time

CLEVELAND—Lexington by Vantage, part of Vantage Hospitality Group, announced the opening of its first-ever property in Canada—a Lexington Inn & Suites in Windsor, Ontario. “We wanted to find a hotel brand with a family approach to doing business, one where ...

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