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Northeast Markets Performing at High Levels

Despite some supply-related challenges, the hotel markets of Boston, Rhode Island, and Portland, Maine, have been performing at elite levels, experts said at a recent HVS conference. As long as development stays focused to avoid oversaturation, the prospects for New ...

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Travelers Impacted by Safety Concerns

According to a survey from the Association of Corporate Travel Executives, conducted after the terror attacks in Paris last year, 67 percent of business travelers reported there is a psychological effect on them or their families when traveling to a ...

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Sheraton Toronto Completes $120 Million Revamp

Sheraton Toronto Completes $120 Million Revamp

TORONTO—Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc., has announced the completion of an extensive $120 million renovation of a flagship property, Sheraton Centre Toronto Hotel, located in the heart of downtown Toronto. The two-year refurbishment ...

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Palisades Hospitality Launches Mosaic Hotel Group

Palisades Hospitality Launches Mosaic Hotel Group

SAN RAFAEL, Calif.—Palisades Hospitality Group (PHG) has announced the addition of Mosaic Hotel Group (MHG) to its other businesses. PHG manages and operates more than 35 hotels & restaurants throughout the Western United States and Mexico. With more than $120 ...

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Oxford Capital Sells $315 Million LondonHouse Chicago

Oxford Capital Sells $315 Million LondonHouse Chicago

CHICAGO—An Oxford Capital Group-led venture with Angelo, Gordon today announces the $315 million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany’s Union Investment Real Estate. Scheduled to ...

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As Oil Prices Fall, Hotel Occupancy Takes the Hit

After years of successfully capitalizing on the oil and gas workers that visit the Pittsburgh region by investing in surrounding hotels, Tejas Gosai and his family have recently made the decision to auction off three of their four properties following ...

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