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Avendra Acquires BuyEfficient Purchasing Program

Avendra Acquires BuyEfficient Purchasing Program

ROCKVILLE, Md.—Avendra, a procurement services provider serving the lodging and hospitality industries in North America, has acquired BuyEfficient, an online purchasing program dedicated to serving the hospitality industry, from its parent company, Sunstone Hotel Investors. “This acquisition reflects Avendra’s strength ...

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Sam Nazarian Sells Stake in SLS Las Vegas

Sam Nazarian, founder and CEO of SBE Entertainment Group, has agreed to sell his minority stake in the SLS Las Vegas hotel, which opened in August 2014. His company will also give up management of the company, according to The ...

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Under New NLRB Ruling, Workers File Charges Against Hilton

LOS ANGELES—According to UNITE HERE Local 11, four subcontracted housekeepers filed unfair labor practice charges last week against the DoubleTree by Hilton Ontario Airport, owned by the Blackstone Group’s Hilton Worldwide, reports MarketWatch. This is the first effort by California ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

On Sept. 8, Strategic Hotels & Resorts announced it had entered into a definitive agreement with affiliates of Blackstone Real Estate Partners under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels for a value of ...

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Noble Investment, IHG to Develop Dual-Branded Seattle Hotel

Noble Investment, IHG to Develop Dual-Branded Seattle Hotel

ATLANTA—Noble Investment Group and IHG (InterContinental Hotels Group) have announced a joint venture to develop a dual-branded EVEN Hotels and Staybridge Suites hotel in downtown Seattle. The nine-story building, expected to open in mid-2017, will be located at the intersection ...

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Canopy Announces New Additions to Portfolio

Canopy Announces New Additions to Portfolio

MCLEAN, Va.—Hilton Worldwide today announced that eight new hotels will join Canopy by Hilton’s portfolio of more than 20 neighborhoods in various stages of development. Launched last October, Canopy by Hilton is Hilton’s newest hotel brand. The Canopy by Hilton ...

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