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Ashford Increases Assets Under Management by $360M

Ashford Increases Assets Under Management by $360M

Ashford Hospitality Trust has completed its previously-announced acquisition of the remaining 28.26 percent ownership interest of the Highland Hospitality portfolio from its joint venture partner, increasing its assets under management by approximately $360 million. The purchase price of $250.1 million ...

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MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development has acquired a portfolio of 18 Marriott and Hilton hotels for approximately $206 million. Collectively, the portfolio represents 1,787 rooms across 11 states in growing cities including Charlotte, Savannah, Cincinnati, Tulsa, and San Antonio. The portfolio has an ...

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Mandarin Oriental Confirms Credit Card Breach

Mandarin Oriental Confirms Credit Card Breach

Mandarin Oriental has confirmed that the credit card systems in an isolated number of its hotels in the United States and Europe have been accessed without authorization, according to a company statement. None of the company’s hotels in Asia were ...

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Carlson CEO Trudy Rautio Retires

Carlson CEO Trudy Rautio Retires

Carlson today announced that Trudy Rautio, president and CEO, will retire from the company after 18 years of service. During Rautio’s tenure as Carlson CEO, the company launched two new hotel brands (Radisson Red and Quorvus Collection), sold the TGI ...

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