Braintree Group Acquires Three Properties Totaling 330 Rooms
BOISE, Idaho—Braintree Group announced the acquisition of three properties, adding 330 rooms to its growing hospitality portfolio. Resolute Road Hospitality will manage all three...
MCR Acquires Two Hotels in Phoenix, Arizona
NEW YORK—MCR has acquired two hotels in or near Phoenix, Arizona: the 169-room Holiday Inn Express & Suites Scottsdale – Old Town and the...
OUTRIGGER Finalizes Acquisition of Kā’anapali Beach Hotel
HONOLULU—OUTRIGGER Resorts & Hotels finalized its acquisition of the Kā‘anapali Beach Hotel, situated on Kā‘anapali Beach. The 11-acre, 432-room property will be under the...
Wayside Investment Group to Acquire Two ESA Properties
Wayside Investment Group reached an agreement to purchase two Extended Stay America Suites properties in Dallas—an 118-unit hotel and a 150-unit hotel, which is...
PMZ Realty Capital Arranges Financing for Three Hilton Properties
NEW YORK—PMZ Realty Capital LLC announced that it arranged over $60 million in financing in the last few weeks for three separate Hilton properties.
The...
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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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