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AJ Capital Partners Acquires Doubletree Richmond Downtown

AJ Capital Partners Acquires Doubletree Richmond Downtown

RICHMOND, Va.—AJ Capital Partners has announced that it has acquired the former Doubletree by Hilton Hotel Richmond Downtown in Richmond, Virginia. The property will be closed to facilitate a comprehensive renovation and will open as the Graduate Richmond in early ...

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The Setai Miami Beach Announces New Ownership

The Setai Miami Beach Announces New Ownership

Miami Beach, Fla.—The Setai Miami Beach has announced new ownership by Nakash Holdings and the von Furstenberg family. Nakash Holdings is a privately held investment company controlled by the founders of Jordache Enterprises, of designer jeans fame. Financier Alex von ...

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DiamondRock Hospitality Acquires Shorebreak Hotel

DiamondRock Hospitality Acquires Shorebreak Hotel

BETHESDA, Md.—DiamondRock Hospitality Company (the Company) announced today that it recently acquired the Shorebreak Hotel (Hotel) in Huntington Beach, California, for a purchase price of $58.5 million. The purchase price represents a 12.8 multiple on 2015 forecasted Hotel earnings before ...

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Hilton Worldwide Acquires Parc 55 San Francisco

Hilton Worldwide Acquires Parc 55 San Francisco

SAN FRANCISCO—Hilton Worldwide has announced the closing of the acquisition of Parc 55 Wyndham San Francisco — Union Square. The property, which will be renamed Parc 55 San Francisco a Hilton Hotel, adds 1,024 guest rooms, 54 suites, and more ...

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