AC Hotel Seattle Bellevue Sold for $87 Million
BELLEVUE, Wash.—Hodges Ward Elliott, an independent hotel brokerage and investment-banking firm, represented WPPI Bellevue AC, LLC in the recent $87 million sale of the...
IHG Acquires 51 Percent Stake in Regent Hotels & Resorts
InterContinental Hotels Group (IHG) has agreed to acquire a 51 percent stake in Regent Hotels and Resorts for $39 million in cash. IHG will...
Everwood Hospitality Partners Acquires Sheraton Suites Plantation
PLANTATION, Fla.—Everwood Hospitality Partners (EHP) has acquired the 263-suite Sheraton Suites Plantation in Broward County, Fla., for $24.66 million from PHF Plantation LP, an...
CBRE Hotels Closes Sale of DoubleTree by Hilton Minneapolis University Area
Minneapolis–CBRE Hotels has arranged the sale of the 141-room DoubleTree by Hilton hotel in Minneapolis near the University of Minnesota campus.
Nate Sahn, Pravin Boteju,...
Extended Stay America Sells 25 Hotels to Three Wall Capital
CHARLOTTE, N.C.—Extended Stay America, Inc. and ESH Hospitality, Inc. completed the sale of 25 Extended Stay America (ESA) hotels to an affiliate of Three Wall Capital,...
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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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