AC Hotel Seattle Bellevue Sold for $87 Million
BELLEVUE, Wash.—Hodges Ward Elliott, an independent hotel brokerage and investment-banking firm, represented WPPI Bellevue AC, LLC in the recent $87 million sale of the...
IHG Acquires 51 Percent Stake in Regent Hotels & Resorts
InterContinental Hotels Group (IHG) has agreed to acquire a 51 percent stake in Regent Hotels and Resorts for $39 million in cash. IHG will...
Everwood Hospitality Partners Acquires Sheraton Suites Plantation
PLANTATION, Fla.—Everwood Hospitality Partners (EHP) has acquired the 263-suite Sheraton Suites Plantation in Broward County, Fla., for $24.66 million from PHF Plantation LP, an...
CBRE Hotels Closes Sale of DoubleTree by Hilton Minneapolis University Area
Minneapolis–CBRE Hotels has arranged the sale of the 141-room DoubleTree by Hilton hotel in Minneapolis near the University of Minnesota campus.
Nate Sahn, Pravin Boteju,...
Extended Stay America Sells 25 Hotels to Three Wall Capital
CHARLOTTE, N.C.—Extended Stay America, Inc. and ESH Hospitality, Inc. completed the sale of 25 Extended Stay America (ESA) hotels to an affiliate of Three Wall Capital,...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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