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Ascend Collection Adds Five Domestic Hotels

Ascend Collection Adds Five Domestic Hotels

ROCKVILLE, Md.—Ascend Hotel Collection from Choice Hotels International announced the addition of five domestic hotels to the brand portfolio. Ascend Hotel Collection is a portfolio of upscale independent hotels. In 2013 the collection nearly doubled in size, and with these ...

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Obamacare Employer Mandate Delayed Again

Obamacare Employer Mandate Delayed Again

On Monday, Feb. 10, the White House announced that it is giving employers more time to comply with the rollout of the new health care mandate for all full-time employees. The new rules will give companies with 50 to 99 ...

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Lodging Dynamics Acquires First Hotel Through New Fund

Lodging Dynamics Acquires First Hotel Through New Fund

PROVO, Utah—Lodging Dynamics Hospitality Group announced its first acquisition through the company’s affiliated equity fund, LD Hotel Group I LLC. The fund is raising $60,000,000 to fund future acquisitions. The fund purchased its first hotel today, a 102-room Staybridge Suites ...

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Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Hospitality Prime Inc. announced that it has signed a definitive agreement to acquire the 415-room Sofitel Chicago Water Tower for a total consideration of $153 million in cash ($369,000 per key). The company expects to close the acquisition in ...

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Expedia Earnings Beat Expectations

Higher bookings on Expedia.com boosted profits in the fourth quarter of 2013 for the online travel company and beat out analyst’s expectations, according to this article from Bloomberg. The OTA recorded its biggest gain since October, closing out the year ...

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Historic Minneapolis Building to Become Hotel

Historic Minneapolis Building to Become Hotel

It looks like Minneapolis is gearing up for another luxury hotel—that is, if Heartland Realty Investors has its way. According to this article from the Minneapolis/St. Paul Business Journal, says that Heartland, which recently acquired the Hotel Ivy, is under ...

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