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Sinkhole Partially Collapses Summer Bay Resort

Sinkhole Partially Collapses Summer Bay Resort

A sinkhole, measuring 100 feet wide and 15 feet deep, opened up in Cleremont, Fla., and partially collapsed a building of the Summer Bay Resort, according to My Fox Orlando. The disaster occurred on Monday and sent vacationeers scrambling to ...

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Kempinski Opens Hotel in Taiyuan, China

Kempinski Opens Hotel in Taiyuan, China

TAIYUAN, CHINA—Kempinski unveiled its nineteenth mainland hotel this week in Taiyuan, China. It represents the first international five-star hotel in the city. Located in the center of the Dragon City, Kempinski Hotel Taiyuan is a hotel that blends European style ...

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Lubert-Adler Sells Two Hotels to Carey Watermark Investors

Lubert-Adler Sells Two Hotels to Carey Watermark Investors

PHILADELPHIA—Lubert-Adler of Philadelphia, Penn., has sold two hotels comprising 647 keys to New York City-based Carey Watermark Investors for a total of $156.6 million. The most recent sale, which closed this week, was the 400-room Marriott Raleigh City Center, which ...

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TRE Adds Two Hotels to Portfolio

TRE Adds Two Hotels to Portfolio

BOSTON—Today, the T.R. ENGEL Group (‘TRE’) announced the addition of the Renaissance Schaumburg Convention Center Hotel, in Schaumburg, Ill., and the former Marriott Charlotte Executive Park in Charlotte, N.C., to its asset management portfolio, bringing its total full-service hotels under ...

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