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Airbnb Near Deal with Portland Over Short-Term Rentals

Airbnb Near Deal with Portland Over Short-Term Rentals

Online vacation-rental service Airbnb, which has been operating in Portland outside of the land-use rules that govern other short-term lodging, says it’s near a deal with the city to collect taxes on those rentals, according to this article from The ...

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Aloft Brand to Debut in Australia

Aloft Brand to Debut in Australia

SYDNEY—Starwood Hotels and Resorts Worldwide has announced that its Aloft Hotels brand will soon enter the Australian market for the first time. Owned by BAAC Pty Ltd, an affiliate of BGC (Australia) Pty Ltd, the 224-room Aloft Perth Rivervale will ...

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La Quinta to Raise Up to $781 Million in IPO

La Quinta to Raise Up to $781 Million in IPO

Blackstone-backed La Quinta is seeking to raise as much as $781 million in its U.S. initial share sale. La Quinta plans to sell 37.2 million shares for $18 to $21 each, according to a filing today with the Securities and ...

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Hotels Worldwide Support Earth Hour

Hotels Worldwide Support Earth Hour

On March 29, hotels around the world will support Earth Hour, a global event organized by the World Wildlife Fund (WWF) to raise awareness about climate change. Here are just a few examples of properties that are honoring the occasion: ...

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RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

BETHESDA, Md.—RLJ Lodging Trust has sold an additional non-strategic hotel, the 182-room Hilton Mystic in Mystic, Conn., for approximately $14.1 million or $77,200 per key. The sale price represents approximately a 7.4 percent capitalization rate on the hotel’s projected 2014 ...

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Mixed-Use Development to Include Fairmont Chengdu

Mixed-Use Development to Include Fairmont Chengdu

Fairmont Hotels and Resorts has announced the opening of Fairmont Chengdu Residences, the luxury hotel brand’s first residential project in China. Building on Fairmont’s growing presence in Asia Pacific, the residences are part of a mixed-use development that will also ...

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