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Lightstone Value Plus REITs Buy Four Arkansas Hotels

Lightstone Value Plus REITs Buy Four Arkansas Hotels

NEW YORK—Lightstone Value Plus Real Estate Investment Trust (LVPR) and Lightstone Value Plus Real Estate Investment Trust II (LVPR II) announced the acquisition of four Marriott and Starwood hotels in Arkansas for $29.1 million. LVPR acquired the Marriott Fairfield Inn ...

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IHG Opens Its Second Hotel in Ecuador

IHG Opens Its Second Hotel in Ecuador

MIAMI–InterContinental Hotels Group (IHG) announced the opening of the 122-room Holiday Inn Hotel Guayaquil Airport in Guayaquil, Ecuador. The seven-story new-build hotel is adjacent to the José Joaquín de Olmedo International Airport, and is the second IHG-branded hotel for Ecuador. ...

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Cambria Suites Expands Into North Dakota

Cambria Suites Expands Into North Dakota

ROCKVILLE, Md.—Choice Hotels International, one of the world’s largest hotel companies, and KAJ Hospitality announced the groundbreaking of a new four-story, 103-room hotel, which will be connected to the future 15,000-square-foot conference center in West Fargo, N.D. KAJ Hospitality, led ...

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Starwood Opens First Canadian Element

Starwood Opens First Canadian Element

STAMFORD, Conn.—Today marks the opening of Element Vaughan Southwest, the first international hotel within Starwood Hotels and Resorts Worldwide Inc.’s eco-wise Element portfolio. Built green from the ground up, Canada’s Element hotel is an all-suite, 152-room extended-stay enclave in Vaughan, ...

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