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Ashford Prime to Acquire Bardessono for $85 Million

Ashford Prime to Acquire Bardessono for $85 Million

DALLAS—Ashford Hospitality Prime has entered into a definitive agreement to acquire the leasehold interest in the 62-room Bardessono Hotel and Spa in Yountville, Calif., for a total consideration of $85 million ($1,370,000 per key). Post-closing, the property will be managed ...

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Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Originally built between 1904 and 1908 as The ...

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Enchantment Group Expands to the Caribbean

Enchantment Group Expands to the Caribbean

SCOTTSDALE, Ariz.—Enchantment Group, a hospitality management company focused on resort destinations, announced today that, with their partners, they have acquired The Cove, a luxury beachfront resort on the Bahamian island of Eleuthera, from New Orleans-based businessman Sidney D. Torres, IV ...

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RLHC to Acquire GuestHouse and Settle Inn

RLHC to Acquire GuestHouse and Settle Inn

The RLHC portfolio is about to double on the heels of an $8.5 million acquisition. On April 23, RLHC (Red Lion Hotel Corporation) announced the purchase of GuestHouse International and Settle Inn & Suites, two Boomerang Hotels franchise economy brands. ...

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