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Posadas Launches Live Aqua in the United States

Posadas Launches Live Aqua in the United States

MEXICO CITY and NEW YORK—Grupo Posadas, a Mexican hotel operator, and private equity firm Bighorn Capital have signed an agreement that will introduce its luxury boutique hotel brand, Live Aqua, to major U.S. cities. As a part of the agreement, ...

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Ashford Trust to Sell Select-Service Hotel Portfolio

Ashford Trust to Sell Select-Service Hotel Portfolio

Ashford Hospitality Trust is selling a portfolio of 23 select-service hotels that are mostly brand-managed and intends to sell its remaining select-service hotels in the future. The company will redefine its investment strategy to focus predominately on upper upscale, full-service ...

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Début Hotel Group Signs Agreement for Time Hotel Nyack

Début Hotel Group Signs Agreement for Time Hotel Nyack

NEW YORK—Début Hotel Group, Hampshire Hotels Management’s visionary collection of lifestyle hotel brands, has announced the signing of an agreement with boutique development house WY Group for the newly-constructed 133-room Time Hotel Nyack, located at 400 High Avenue, Nyack, N.Y. ...

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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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