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IFA Educational Foundation Unveils Franchising Gives Back Program

IFA Educational Foundation Unveils Franchising Gives Back Program

WASHINGTON, D.C.—The International Franchise Association (IFA) Educational Foundation launched its Franchising Gives Back program at the IFA’s annual convention in Las Vegas last month. Franchising Gives Back salutes innovative community leaders and charitable programs nationwide. “Franchising Gives Back is a ...

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Starwood Introduces Luxury Collection to Key West

Starwood Introduces Luxury Collection to Key West

NEW YORK—Starwood Hotels & Resorts Worldwide has added Sunset Key Cottages as a Luxury Collection resort. Located on a secluded, 27-acre island off the coast of Key West, Fla., Sunset Key Cottages joins The Luxury Collection’s portfolio of 15 hotels ...

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Ashford Increases Assets Under Management by $360M

Ashford Increases Assets Under Management by $360M

Ashford Hospitality Trust has completed its previously-announced acquisition of the remaining 28.26 percent ownership interest of the Highland Hospitality portfolio from its joint venture partner, increasing its assets under management by approximately $360 million. The purchase price of $250.1 million ...

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Chesapeake Lodging Trust Acquires The Royal Palm

Chesapeake Lodging Trust Acquires The Royal Palm

ANNAPOLIS, Md.—Chesapeake Lodging Trust has closed on the previously announced acquisition of The Royal Palm located in Miami Beach, Fla., for a purchase price of $278 million or approximately $707,000 per key. The Trust entered into a new management agreement ...

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MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development has acquired a portfolio of 18 Marriott and Hilton hotels for approximately $206 million. Collectively, the portfolio represents 1,787 rooms across 11 states in growing cities including Charlotte, Savannah, Cincinnati, Tulsa, and San Antonio. The portfolio has an ...

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