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Chesapeake Lodging Trust Acquires Ace Hotel Downtown

Chesapeake Lodging Trust Acquires Ace Hotel Downtown

ANNAPOLIS, Md.—Chesapeake Lodging Trust announced that it has closed on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, Calif. for a purchase price of $103 million, or approximately $566,000 per key. ...

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First Quarter 2015 Results Roundup

Hilton Worldwide: Net income attributable to Hilton stockholders for the first quarter was $150 million, a 22 percent increase from the same period in 2014. Revenue rose 10 percent to $2.6 billion. System-wide comparable RevPAR increased 6.6 percent for the ...

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Hilton CEO Talks Organic Growth, New Midscale Brand

Hilton CEO Talks Organic Growth, New Midscale Brand

On Hilton Worldwide’s first quarter 2015 earnings call yesterday, analysts grilled CEO Chris Nassetta on whether the company had potential interest in acquiring Starwood Hotels & Resorts. In advance of its own earnings call, Starwood had announced its intentions to ...

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McKibbon to Develop Tribute Portfolio Property in Asheville

McKibbon to Develop Tribute Portfolio Property in Asheville

TAMPA, Fla.—McKibbon Hotel Group announced it will partner with Starwood Hotels & Resorts on its newly launched Tribute Portfolio, a collection of four-­star, upscale independent hotels. The Vandre Nouveau Hotel, a Tribute Portfolio Hotel, in Downtown Asheville, N.C., will be ...

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