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Ashford Hospitality Trust Acquires Minneapolis Hotels

Ashford Hospitality Trust Acquires Minneapolis Hotels

Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to acquire two Minneapolis hotels, the 229-room W Minneapolis Hotel—The Foshay, and the 60-room Le Meridien Chambers Minneapolis hotel, for total consideration of $101 million in cash. As ...

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Narsi Properties Acquires North Carolina Homewood Suites

Narsi Properties Acquires North Carolina Homewood Suites

DURHAM/CHAPEL HILL, N.C.—Narsi Properties, a hotel owner/developer/operator based in North Carolina, has announced the acquisition of the 96-suite Homewood Suites by Hilton Durham-Chapel Hill/I-40 for an undisclosed sum. The hotel is in the midst of a major renovation to upgrade ...

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Kimpton Opens The Buchanan in San Francisco

Kimpton Opens The Buchanan in San Francisco

Kimpton Hotels & Restaurants has opened The Buchanan, a boutique hotel in the company’s hometown of San Francisco. Located where Japantown, the Fillmore, and Pacific Heights neighborhoods intersect, the hotel was erected upon the footprint of the existing Hotel Tomo. ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

AccorHotels has announced a number of changes to leadership roles. Sophie Stabile has been named chief executive officer, HotelServices France. Stabile has been chief financial officer and a member of the group’s executive committee since 2010. She takes the place ...

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