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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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Japan Starts Fund to Buy Domestic Hotel Debt

Diamond Realty Management, a unit of Japan’s biggest trading company, Mitsubishi, is creating a fund to invest in domestic hotel debt as a way to drive a tourism boom. Real estate investment has the potential to help boost returns for ...

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Airbnb Tax Agreements Still Leave Questions

The path to short-term rental legalization and regulation is an arduous and winding one. Airbnb’s strategy to legalize home-sharing is to pay taxes owed to local city, county, and state governments. According to Airbnb’s global head of public policy, the ...

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Ashford Hospitality Trust Sells $142 Million Portfolio

Ashford Hospitality Trust Sells $142 Million Portfolio

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The portfolio is comprised of ...

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Hotel Equities Breaks Ground on Fairfield Inn in Texas

Hotel Equities Breaks Ground on Fairfield Inn in Texas

ATLANTA, Ga.—Atlanta-based Hotel Equities and Scenic Capital Advisors broke ground on the new-build Fairfield Inn & Suites by Marriott at 351 Market Center Drive in Terrell, Texas on April 7, 2016. Hotel Equities serves as the management company for the ...

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Sessa Sends Letter to Ashford Hospitality Prime Shareholders

Sessa Sends Letter to Ashford Hospitality Prime Shareholders

NEW YORK—Sessa Capital (Master), L.P. (Sessa), owner of 8.2 percent of the outstanding common shares of Ashford Hospitality Prime, Inc. (Ashford Prime or the company) today sent the following letter to Ashford Prime shareholders in response to the company’s termination ...

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