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AH&LA, AAHOA Join Coalition to Save Local Businesses

AH&LA, AAHOA Join Coalition to Save Local Businesses

The American Hotel & Lodging Association and the Asian American Hotel Owners Association have joined in the launch of the Coalition to Save Local Businesses (CSLB), a group of local business owners and other small business leaders who seek to ...

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Hilton Closes Sale of Waldorf Astoria New York

Hilton Closes Sale of Waldorf Astoria New York

MCLEAN, Va.—Hilton Worldwide Holdings today announced it closed its previously-announced sale of the Waldorf Astoria New York to Anbang Insurance Group Co. for $1.95 billion. In addition, Hilton Worldwide has signed agreements to redeploy the proceeds of the sale to ...

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Starwood to Spin Off Vacation Ownership Business

Starwood to Spin Off Vacation Ownership Business

Starwood Hotels & Resorts Worldwide today announced plans to spin off its vacation ownership business, Starwood Vacation Ownership (SVO), into a separate publicly traded company, according to a news release. In addition to accelerating Starwood’s ongoing asset light transformation, the ...

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Auction.com: CRE Markets at Strongest Since Recession

Auction.com: CRE Markets at Strongest Since Recession

IRVINE, Calif.—Auction.com today released its Q4 2014 Commercial Real Estate (CRE) Market Monitor, which shows healthy increases in both deal volume and price growth even as risk premiums edge up. CRE deal volume is at a new post-recession peak as ...

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Omni Berkshire Place Appoints New GM

Omni Berkshire Place Appoints New GM

NEW YORK—Omni Hotels & Resorts has announced the appointment of industry veteran Delfin Ortiz as the general manager of the Omni Berkshire Place in New York City. In this role, Ortiz will manage all operational aspects at the Midtown Manhattan ...

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Iconic Properties Purchases Aspen’s Historic Hotel Jerome

Iconic Properties Purchases Aspen’s Historic Hotel Jerome

HOUSTON, Texas—Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s historic Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 ...

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