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Chinese Insurer to Buy Baccarat Hotel for $230 Million

Chinese Insurer to Buy Baccarat Hotel for $230 Million

A Chinese insurer has agreed to purchase the Baccarat Hotel in Midtown Manhattan from Starwood Capital Group for $230 million, the Wall Street Journal reports. Sunshine Insurance Group is paying more than $2 million per room for the luxury property, ...

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Embassy Suites Opens in Portland’s Tech Hub

Embassy Suites Opens in Portland’s Tech Hub

HILLSBORO, Ore. and MCLEAN, Va.—Embassy Suites Hotels has opened its newest property, the Embassy Suites Portland/Hillsboro. Centrally located in Portland’s tech hub, Silicon Forest, the 165 all-suite hotel is owned by Hillsboro Hotel Partners II, developed by Thackeray Garn Company ...

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AC Hotels to Debut in the Capital Region in March

AC Hotels to Debut in the Capital Region in March

NATIONAL HARBOR, Md.—Renovations are well underway for the debut of Marriott International Inc.’s third AC Hotels branded property in the United States. The AC Hotel Washington, D.C., at National Harbor brings the European lifestyle brand to the heart of the ...

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IHG to Open Hotel Indigo at Celebration Pointe in Gainesville

IHG to Open Hotel Indigo at Celebration Pointe in Gainesville

GAINESVILLE, Fla.—InterContinental Hotels Group’s Hotel Indigo brand has signed a deal for a 120-room new build property in Gainesville, Fla., bringing guests together with the city’s new Celebration Pointe neighborhood. Celebration Pointe is a mixed-use project with a pedestrian-friendly atmosphere, ...

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