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Crowne Plaza Marina Hotel Sells to Shamin Hotels Affiliate

Crowne Plaza Marina Hotel Sells to Shamin Hotels Affiliate

NEWPORT NEWS, Va.—Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced they represented the affiliates of Sotherly Hotels in the sale of the Crowne Plaza Marina Hotel, Hampton, Va., to Marina Hotel, an affiliate of Shamin Hotels. Shamin ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Martins Resorts in San Luis Obispo, Calif., has promoted Lori Keller to chief executive officer. Longtime CEO of Martin Resorts, Noreen Martin, has stepped down from her day-to-day responsibilities to become chairman of the board. Here’s a look at other ...

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My Place Hotels Opens Second Utah Location

My Place Hotels Opens Second Utah Location

WEST JORDAN, Utah—Only 10 months after My Place made its debut in Utah with the opening of My Place Hotel-West Valley City, the brand has announced that Utah’s second My Place location is now open in West Jordan. The opening ...

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Oracle Pinpoints Drivers of Loyalty

Oracle Pinpoints Drivers of Loyalty

REDWOOD SHORES, Calif.—Oracle announced the findings of two research initiatives aimed at identifying the consumer drivers for loyalty in the food and beverage and hotel industries and the impact of technology in curating a unique hotel guest experience. Insights from ...

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Fairmont Newport Beach Sells for $125 Million

Fairmont Newport Beach Sells for $125 Million

ALISO VIEJO, Calif.—Sunstone Hotel Investors has announced the sale of the 444-room Fairmont Newport Beach for a contractual gross sale price of $125.0 million, or approximately $281,500 per key. The sale price of $125.0 million represents a 16.0x multiple on ...

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