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Frontier Development Acquires Embassy Suites Columbus

Frontier Development Acquires Embassy Suites Columbus

WASHINGTON D.C.—The Washington, D.C., based hotel development and acquisition firm, Frontier Development & Hospitality Group LLC along with its JV partner Kana Hotel Group has announced its successful acquisition of the Embassy Suites Columbus from RLJ Lodging Trust. The acquisition ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Small Luxury Hotels of the World has announced a new chief executive officer. Filip Boyen, managing director of Hill, Goodridge & Associates, will also manage the SHL brand. He has a 30-year history with the hospitality and hotel management sector, ...

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Study Reveals Millennials’ Love of Business Travel

ALEXANDRIA, Va.—Millennials are nearly twice as likely to want to travel more for business than baby boomers (45 percent to 26 percent, respectively), and a strong majority of millennials (57 percent) believe technology can never replace face-to-face meetings to get ...

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WoodSpring Announces First Louisiana Location

WoodSpring Announces First Louisiana Location

WICHITA, Kan.—WoodSpring Hotels has announced an agreement with a development group headed by Karnail and Kanwarjit Singh to build the next WoodSpring Suites hotel in West Monroe, La. The 124-unit hotel will be first WoodSpring Suites located in Louisiana and ...

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MGM Resorts to Create a REIT

MGM Resorts to Create a REIT

MGM Resorts International plans to create a real estate investment trust to help cut debt and boost shareholder value, according to Bloomberg Business. The Las Vegas casino operator’s shares rose 9 percent in premarket trading Thursday. MGM Resorts will contribute ...

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Third Quarter 2015 Results Roundup

Hilton Worldwide: Net income attributable to Hilton stockholders for the third quarter was $279 million, an increase of $96 million from the same period in 2014. Adjusted EBITDA for the third quarter increased 13 percent from the same period in ...

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