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China’s Aggressive Approach to Hotel Acquisitions

China’s Aggressive Approach to Hotel Acquisitions

NEW YORK—Decelerating industry fundamentals and weakness in forward-looking equity market prices for hotel-related companies hasn’t kept Chinese companies from dominating the hotel investment landscape recently, according to Fitch Ratings. Chinese investors have been aggressively bidding on mostly upper-tier hotel assets ...

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Starwood Makes Historic Entry into Cuba

Starwood Makes Historic Entry into Cuba

HAVANA—Starwood Hotels & Resorts Worldwide, Inc. has signed three new hotel deals in Cuba, marking the first U.S.-based hospitality company to enter the market in nearly 60 years. This announcement follows receipt of authorization from the U.S. Treasury Department for ...

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Room Mate Hotels Opens in Milan, Malaga

Room Mate Hotels Opens in Milan, Malaga

MADRID—Room Mate Hotels continues its rapid global expansion plans with the launches of two new boutique properties in Europe: Room Mate Giulia in Milan and Room Mate Valeria in Malaga. The Madrid-based company has eight additional hotel openings planned for ...

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WaterWalk Inks $150 Million Deal with Rockford Development

WaterWalk Inks $150 Million Deal with Rockford Development

WICHITA, Kan.—WaterWalk Hotel Apartments, Jack DeBoer’s fifth national brand, has executed an agreement with a Rockford Development Group venture, led by Paul Roberts of Rockford and hotel industry veteran Rob Mossburg, to initially develop eight WaterWalk franchises. The properties will ...

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Hotel Equities to Manage Courtyard Dripping Springs

Hotel Equities to Manage Courtyard Dripping Springs

ATLANTA, Ga.—Atlanta-based Hotel Equities announced its selection as the management firm for the new-build Courtyard by Marriott in Dripping Springs, Texas, just 25 miles west of Austin. The Courtyard by Marriott will begin construction in April with opening expected in the second quarter ...

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Hollywood Roosevelt Hotel Unveils New Design

Hollywood Roosevelt Hotel Unveils New Design

The Hollywood Roosevelt Hotel has unveiled a new design, starting with the tower, built in 1927, where Gable and Carol Lombard had their tryst, which has undergone a 25-million-dollar renovation with rooms designed by Yabu Pushelberg. Next up comes a ...

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