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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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Ian Schrager Ready to Sell Public Chicago Hotel

Ian Schrager Ready to Sell Public Chicago Hotel

Boutique hotelier Ian Schrager and financial partner Morgan Stanley Real Estate Funds are putting the Public Chicago hotel up for sale less than four years after it opened, according to Crain’s Chicago Business. Schrager told the news outlet that the ...

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Chinese Insurer to Buy Baccarat Hotel for $230 Million

Chinese Insurer to Buy Baccarat Hotel for $230 Million

A Chinese insurer has agreed to purchase the Baccarat Hotel in Midtown Manhattan from Starwood Capital Group for $230 million, the Wall Street Journal reports. Sunshine Insurance Group is paying more than $2 million per room for the luxury property, ...

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Embassy Suites Opens in Portland’s Tech Hub

Embassy Suites Opens in Portland’s Tech Hub

HILLSBORO, Ore. and MCLEAN, Va.—Embassy Suites Hotels has opened its newest property, the Embassy Suites Portland/Hillsboro. Centrally located in Portland’s tech hub, Silicon Forest, the 165 all-suite hotel is owned by Hillsboro Hotel Partners II, developed by Thackeray Garn Company ...

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AC Hotels to Debut in the Capital Region in March

AC Hotels to Debut in the Capital Region in March

NATIONAL HARBOR, Md.—Renovations are well underway for the debut of Marriott International Inc.’s third AC Hotels branded property in the United States. The AC Hotel Washington, D.C., at National Harbor brings the European lifestyle brand to the heart of the ...

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