Four Points by Sheraton Cleveland Airport Acquired by NexGen Hotels
CLEVELAND—NexGen Hotels, a hotel development and management company based in Itasca, Illinois, acquired the Four Points by Sheraton Cleveland Airport. Catering to the needs...
Driftwood Capital Begins Office Building Conversion Into Staybridge Suites
WILMINGTON, Delaware—Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, announces that it has begun construction on...
Pyramid Hotel Group Added 25 Hotels to its Portfolio Since June 2020
BOSTON—Pyramid Hotel Group, a worldwide hotel management company, has completed its 25th hotel portfolio addition, amounting to 25 hotels in its portfolio since June...
Radisson Hotel West Memphis Opens Near Tennessee Border
MINNEAPOLIS —Radisson Hotel Group Americas opened a Radisson in the heart of Memphis. Radisson Hotel West Memphis is just a quick drive from Beale...
Residence Inn Norfolk Airport Sold by CBRE
NORFOLK, Virginia—CBRE facilitated the sale of the Residence Inn Norfolk Airport, an all-suite, 130-room hotel located in Norfolk, Virginia. LTD Management DBA Lake Wright...
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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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