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Attract China Names Joseph McInerney to Board

Attract China Names Joseph McInerney to Board

Boston, Mass.—Attract China LLC has appointed Joseph A. McInerney, CHA as its first member of the company’s board of advisors. McInerney, emeritus president and chief executive officer of American Hotel & Lodging Association, is a hospitality veteran with more than ...

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Concord Hospitality Sells 13-Hotel Portfolio for $240M

Concord Hospitality Sells 13-Hotel Portfolio for $240M

RALEIGH, N.C.—Concord Hospitality Enterprises has announced the sale of a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. Concord will continue to operate the hotels under ...

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Airbnb Valued at $10 Billion

Airbnb Valued at $10 Billion

Airbnb has closed a $450+ million round of financing from a group led by private-equity firm TPG, valuing the home-sharing site at $10 billion, according to this report from the Wall Street Journal. The investor group also includes investment firm ...

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Virgin Hotels is Coming to Nashville

Virgin Hotels is Coming to Nashville

Virgin Hotels has announced that, in addition to developments in Chicago and New York, a Nashville location will open at One Music Row in 2016. The property will be developed by Nashville-based D.F. Chase Inc. and managed by Virgin. Virgin ...

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Chatwal Pleads Guilty to Illegal Donation Scheme

Sant Singh Chatwal, chairman of Hampshire Hotels Management, has pleaded guilty to a scheme to raise illegal campaign contributions for political candidates using straw donors, according to this report from Bloomberg Businessweek.The Indian-American hotelier pleaded guilty April 17 in a ...

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Radisson at Cross Keys Completes Major Renovation

Radisson at Cross Keys Completes Major Renovation

BALTIMORE—Radisson has announced the completion of a two-year, multimillion dollar renovation of the Radisson Hotel at Cross Keys Baltimore. “We are in the final stages of a brand-wide renovation, aimed at refreshing the Radisson portfolio across our more than 150 ...

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