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Aloft South Beach Sells for $105 Million

Aloft South Beach Sells for $105 Million

JMH Development has sold the Aloft South Beach to Rockpoint Group for a total cost of $105 million, or $446,809 per key sale price. Acquired in 2004 and originally entitled as condos by Jason Halpern, founder and managing partner of ...

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AmericInn Signs Minnesota Hotel

AmericInn Signs Minnesota Hotel

BAXTER, Minn.—AmericInn, the largest mid-scale hotel brand in the upper Midwest, today announced that it is expanding yet again in 2016, this time into Baxter, Minn. with the signing of a new AmericInn at 7836 Fairview Road, Baxter Minnesota. The property ...

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RLHC to Acquire Vantage Hospitality Group

RLHC to Acquire Vantage Hospitality Group

SPOKANE, Wash. and CORAL SPRINGS, Fla.—Red Lion Hotels Corporation, a growing hospitality company that operates and franchises upscale, midscale, and economy hotels, has announced it has entered into a definitive agreement to acquire the global brands and brand operations of ...

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Carey Watermark Investors 2 Buys Renaissance Atlanta Midtown

Carey Watermark Investors 2 Buys Renaissance Atlanta Midtown

NEW YORK—Carey Watermark Investors 2 Incorporated (CWI 2) announced that it has acquired the Renaissance Atlanta Midtown Hotel. The 21-story, full-service property includes 304 guestrooms and is located in the diverse and growing Midtown submarket of Atlanta, Ga. High-quality asset: ...

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Northview Hotel Group Acquires Jekyll Island Club Hotel

Northview Hotel Group Acquires Jekyll Island Club Hotel

JEKYLL ISLAND, Ga.—Affiliates of Northview Hotel Group have announced the acquisition of a majority equity interest in the Jekyll Island Club Hotel, set on the banks of coastal Georgia. Northview has partnered with Leon N. Weiner & Associates, the owner ...

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NHCohen Acquires Comfort Suites Raleigh Durham Airport

NHCohen Acquires Comfort Suites Raleigh Durham Airport

NEW YORK—NHCohen Partners has completed the equity raise for the acquisition of the Comfort Suites Raleigh Durham Airport/RTP hotel, situated mid-way between Raleigh and Durham in North Carolina, just two miles from Research Triangle Park and five miles from Raleigh-Durham ...

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