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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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Marina Del Rey Hotel Opens After $25 Million Renovation

Marina Del Rey Hotel Opens After $25 Million Renovation

IRVINE, Calif.—Marina del Rey Hotel has reopened after a $25 million renovation. Originally opened in 1964, the historic hotel debuts as the Marina celebrates its 50th anniversary. The waterfront property features 164 updated rooms and suites, a full-service restaurant named ...

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Holiday Inn Express Snowmass Village Opens

Holiday Inn Express Snowmass Village Opens

ATLANTA—InterContinental Hotels Group has announced the opening of the Holiday Inn Express Snowmass Village hotel. As the newest addition to IHG hotels in Colorado, this four-story hotel features 145 guestrooms and six suites. Situated at the base of Snowmass Mountain, ...

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Host Hotels, Kokua Hospitality Announce The Axiom

Host Hotels, Kokua Hospitality Announce The Axiom

BETHESDA, Md.—Host Hotels & Resorts and Kokua Hospitality announced today that The Powell Hotel in San Francisco will be converted to a new independent identity and renamed the Axiom Hotel. The company acquired the hotel in early 2014 with the ...

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Hotel MdR, a DoubleTree by Hilton

Hotel MdR, a DoubleTree by Hilton

Hotel MdR in Marina Del Rey, Calif., recently completed a $7.5 million property-wide renovation as the final phase in its conversion from a Courtyard to a DoubleTree. Los Angeles-based architecture and interior design firm Indidesign was tapped to refresh the ...

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Patent Reform Can’t Wait

Patent Reform Can’t Wait

As we look ahead to the new Congress, there is much speculation about gridlock and entrenched political warfare. However, both parties should find common ground in ending the egregious abuses of our patent system by so-called patent trolls. Patent trolls ...

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