Spire Hospitality Adds Marriott Park Ridge
IRVING, Texas — Spire Hospitality, a nationally recognized third-party hotel management company, has expanded its portfolio’s geographic footprint to New Jersey with the addition...
388 Ventures Acquires Three Massachusetts Properties in Partnership with Life House
LENOX, MASSACHUSETTS — New York-based real estate investor 388 Ventures has closed on the acquisition of a portfolio of historic bed-and-breakfasts in Lenox, Mass....
Colony Capital Closes Six-Portfolio Sale to Highgate and Cerberus
BOCA RATON, Fla. — Colony Capital, Inc., has completed the final sale and assignment, as applicable, of six hospitality portfolios to Highgate and an...
Soul Community Planet Acquires Hilo Seaside Hotel in Hawaii
San Juan Capistrano, Calif. — Soul Community Planet (SCP) announced the purchase of the 138-room Hilo Seaside Hotel in Hilo, Hawaii. The hotel will...
Host Hotels & Resorts Acquires Hyatt Regency Austin
BETHESDA, Md. — Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust (REIT), announced that it has acquired the fee...
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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...
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