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Columbia Hospitality Acquires Seattle-Based Coastal Hotels

Columbia Hospitality Acquires Seattle-Based Coastal Hotels

SEATTLE—Seattle-based hospitality management and consulting company Columbia Hospitality has announced the purchase of six management agreements and other assets from Coastal Hotels, a privately held hospitality management company also based in Seattle. The acquisition will take effect on May 1, ...

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RLJ Lodging and FelCor to Merge into a $7 Billion REIT

RLJ Lodging and FelCor to Merge into a $7 Billion REIT

BETHESDA, Md. – RLJ Lodging Trust and FelCor Lodging Trust Incorporated announced a merger agreement under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. The merger will create the third largest pure-play ...

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Historic Hotel du Pont Purchased

Historic Hotel du Pont Purchased

Wilmington and Washington D.C.-based developer The Buccini/Pollin Group, Inc. (BPG), has purchased the historic DuPont Building and Hotel du Pont, a 950,000 sq. ft. mixed-use complex, from The Chemours Company (NYSE:CC), who has agreed to lease back office space for 17 ...

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Lingerfelt CommonWealth Acquires Dual-Branded Hilton

Lingerfelt CommonWealth Acquires Dual-Branded Hilton

RICHMOND, Va.—Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Va.-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Fla. The premium branded select-service and extended-stay hotel ...

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Ashford Hospitality Trust Proposes to Acquire FelCor

Ashford Hospitality Trust Proposes to Acquire FelCor

DALLAS—Ashford Hospitality Trust, a real estate investment trust focused on investing in the hospitality industry in upper upscale, full-service hotels, announced today that it has submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 ...

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