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Starwood Hotels Finishes 2014 With 74 Openings

Starwood Hotels Finishes 2014 With 74 Openings

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide opened 74 new hotels in 2014, representing approximately 15,000 rooms in 26 countries. The company also signed 175 new hotel management and franchise agreements in 2014, a 15 percent increase over the prior year, ...

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Value Place Enters Washington State with 25 New Hotels

Value Place Enters Washington State with 25 New Hotels

WICHITA, Kan.—Value Place has entered into an agreement with West77 Partners to develop up to 25 hotels across the state of Washington. The Bellevue, Wash.-based West77 Partners has entered into a development agreement with Value Place Franchise Services, which includes ...

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CPA:18 Acquires $72 Million Club Med Resort in Mauritius

CPA:18 Acquires $72 Million Club Med Resort in Mauritius

W. P. Carey announced today that one of its managed non-traded REITs, CPA:18 – Global, has acquired a 266-room resort hotel, La Plantation d’Albion Club Med, located in Albion, Mauritius, for approximately $72 million. The facility is triple net-leased to ...

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