Rockbridge Acquires Courtyard by Marriott Philadelphia City Avenue
COLUMBUS, Ohio—Rockbridge acquired the 333-room Courtyard by Marriott Philadelphia City Avenue. Pinnacle Hotel Management will manage the hotel.
“We are excited to acquire this Courtyard...
HREC Arranges Sale of Courtyard by Marriott Springfield, Va.
DENVER—HREC Investment Advisors recently arranged the sale of the 191-guestroom Courtyard by Marriott Springfield in Springfield, Virginia—a hotel located immediately off I-95, just outside...
Deal Report: Daly Seven Acquires 40th Hotel, Hunter Hotel Advisors Completes Two Transactions, and...
Daly Seven Acquires 40th Hotel
Daly Seven, a family-owned hotel development and management company, recently acquired its 40th hotel—the Hilton Garden Inn Roanoke. The 80,000-square-foot,...
Hospitality Properties Trust Acquires Crowne Plaza Milwaukee West
NEWTON, Mass.—Hospitality Properties Trust (HPT) has completed the purchase of the 198-room Crowne Plaza Milwaukee West for $30 million, or approximately $151,500 per key....
Six Hotel Deals and Acquisitions
Driftwood Launches First Opportunity Zone Fund
Driftwood Acquisitions and Development (DAD) has launched its initial qualified opportunity zone fund (Driftwood QOF) with a target raise...
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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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