LODGING Staff1
Hyatt Hotels Corporation Completes Acquisition of Apple Leisure Group
CHICAGO—Hyatt Hotels Corporation announced that it has completed the previously announced acquisition of Apple Leisure Group (ALG), a luxury resort-management services, travel, and hospitality group, from affiliates of each of KKR and KSL Capital...
Elwood Hotel & Suites Opens in Lexington, Kentucky
LEXINGTON, Kentucky — Elwood Hotel & Suites has opened its doors in Lexington, Kentucky, the home of thoroughbred horses. Following a multimillion-dollar renovation and rebranding, Elwood engages in the community, giving, and highlighting contemporary...
Stonehouse Capital Has Acquired Rancho Caymus Inn
NAPA VALLEY, California — Stonehouse Capital (Stonehouse), an investor, owner, and developer of distinctive hospitality assets, has acquired the Rancho Caymus Inn located in Napa Valley. The boutique hotel is one of few properties...
Indigo Road Hospitality Group Breaks Ground on the Flatiron Hotel
CHARLESTON, South Carolina—The Indigo Road Hospitality Group is celebrating the beginning of construction on the Flatiron Hotel project in Asheville, North Carolina. Flatiron Preservation Group, LLC, comprised of the principals of GarageCap and JPW...
Lodging Econometrics: Marriott Leads the U.S. Construction Pipeline
PORTSMOUTH, New Hampshire—According to the third quarter report by analysts at Lodging Econometrics (LE), the franchise companies leading the U.S. construction pipeline with the greatest number of new construction projects are Marriott International with...