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Carey Watermark Investors Acquires Hutton Hotel In Nashville

Carey Watermark Investors Acquires Hutton Hotel In Nashville

NEW YORK—Carey Watermark Investors (CWI) announced that it has acquired Hutton Hotel, a four-star, luxury lifestyle boutique hotel in downtown Nashville. The 247-room hotel opened in 2009. CWI’s total investment in the property is approximately $77.3 million, including a $73.6 ...

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Commune Hotels and Resorts Launches Tommie Brand

Commune Hotels and Resorts Launches Tommie Brand

SAN FRANCISCO—Commune Hotels and Resorts announced its first new brand with the launch of Tommie, a value-conscious brand. “Tommie will be a ground-breaking and accessible addition to Commune’s collection of brands,” said Niki Leondakis, CEO of Commune Hotels and Resorts. ...

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Securing SBA Loans

Securing SBA Loans

Small Business Administration (SBA) loans remain the main route to capital for many first-time hotel buyers and for owners looking to finance mid-tier suburban properties, but securing these loans can be a long, arduous process if a borrower is unprepared. ...

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Red Lion Hotels Expands into Arizona

Red Lion Hotels Expands into Arizona

SPOKANE, Wash.—Red Lion Hotels Corporation announced today that it is continuing its expansion with the tallying of another hotel, now into Tempe, Ariz., located in the greater Phoenix area. “We were looking for the right opportunity for a franchise in ...

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