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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

On Sept. 8, Strategic Hotels & Resorts announced it had entered into a definitive agreement with affiliates of Blackstone Real Estate Partners under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels for a value of ...

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Noble Investment, IHG to Develop Dual-Branded Seattle Hotel

Noble Investment, IHG to Develop Dual-Branded Seattle Hotel

ATLANTA—Noble Investment Group and IHG (InterContinental Hotels Group) have announced a joint venture to develop a dual-branded EVEN Hotels and Staybridge Suites hotel in downtown Seattle. The nine-story building, expected to open in mid-2017, will be located at the intersection ...

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Canopy Announces New Additions to Portfolio

Canopy Announces New Additions to Portfolio

MCLEAN, Va.—Hilton Worldwide today announced that eight new hotels will join Canopy by Hilton’s portfolio of more than 20 neighborhoods in various stages of development. Launched last October, Canopy by Hilton is Hilton’s newest hotel brand. The Canopy by Hilton ...

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Marriott Debuts Arab Youth Empowerment Campaign

Marriott Debuts Arab Youth Empowerment Campaign

DUBAI—Marriott International, Inc. has recently announced its partnership with INJAZ Al-Arab, the MENA regional office of Junior Achievement Worldwide, to launch the organization’s youth empowerment campaign, “Expand Your Horizon.” Marriott International was one of 5 partners, including Boeing, Aramex, MBC ...

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Crowdfunding Campaign Launches for San Francisco Hotel

Crowdfunding Campaign Launches for San Francisco Hotel

NEW YORK—Synapse Development Group, a real estate investment and development firm headquartered in New York City, and its joint venture partner AQARAT (Kuwait Real Estate Company), have launched a crowdfunding campaign on the RealCrowd platform for the redevelopment of 1095 ...

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The Palace Hotel Completes $40 Million Renovation

The Palace Hotel Completes $40 Million Renovation

SAN FRANCISCO—Part of Starwood Hotels & Resorts, the Luxury Collection Hotels & Resorts with its owner partner, Kyo-ya Hotels & Resorts, today announced the completion of the extensive $40 million renovation of The Palace Hotel. The San Francisco hotel features ...

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