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Omni to Acquire and Operate Five Resorts

Omni to Acquire and Operate Five Resorts

IRVING, Texas—Omni Hotels and Resorts announced it has reached a definitive agreement to purchase and operate five resort properties from entities affiliated with KSL Capital Partners. The properties will be reflagged under the Omni brand on July 1, representing a ...

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Chatham Lodging to Acquire Hyatt Place in Downtown Pittsburgh

PALM BEACH, Fla.—Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels, announced that it has entered into an agreement to purchase the 178-room Hyatt Place Pittsburgh/North Shore ...

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Carey Watermark Investors Acquires New York City Holiday Inn

Carey Watermark Investors Acquires New York City Holiday Inn

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Holiday Inn Manhattan 6th Avenue hotel located in New York City. The 226-room, 24-story hotel was newly constructed in 2008. CWI’s total investment in the property is approximately ...

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NewcrestImage Acquiring 25 La Quinta Properties

NewcrestImage Acquiring 25 La Quinta Properties

Dallas-based NewcrestImage is acquiring 25 properties from La Quinta in a deal announced earlier this week. Mehul Patel, managing partner of the development and management firm (and current AAHOA Chair), said in a statement that the properties, which are located ...

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