Ashford Hospitality Prime Acquires Ritz-Carlton Sarasota
Ashford Hospitality Prime entered into a definitive agreement to acquire the 266-room Ritz-Carlton Sarasota in Sarasota, Fla. for $171 million ($643,000 per key). To...
A Closer Look at Three of 2017’s Biggest Hospitality Deals
As the old adage goes, patience is a virtue—a virtue that Wyndham Hotel Group exhibited in the acquisition of the Minnesota-based AmericInn brand—one of...
Wyndham to Sell European Vacation Rental Business
PARSIPPANY, N.J.—Wyndham Worldwide Corporation today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to...
Buccini/Pollin Group Acquires Hilton Melbourne Rialto Place in Florida
Washington, D.C.—The Buccini/Pollin Group (BPG), a privately held, full-service real estate acquisition, development and management company, has acquired the 238-room Hilton Melbourne Rialto Place...
Choice Completes WoodSpring Suites Acquisition
ROCKVILLE, Md.—Choice Hotels completed its acquisition of WoodSpring Suites' brand and franchise business for $231 million. First announced in December 2017, the deal adds nearly...
Most Popular
Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
Advertisement