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AHIP REIT Acquires 18 U.S. Hotels in the Northeast

AHIP REIT Acquires 18 U.S. Hotels in the Northeast

VANCOUVER, B.C.–American Hotel Income Properties REIT LP (AHIP) announced that it has completed the $407.4 million acquisition of 18 branded Marriott and Hilton hotels with a total of 2,187 guestrooms. The targeted portfolio of hotels is concentrated in the Northeastern U.S. and ...

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Hospitality Deals and Acquisitions from June 2017

Hospitality Deals and Acquisitions from June 2017

Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged an $80-million, non-recourse, structured loan for the Chicago Athletic Association hotel, a historic 241-key lifestyle hotel located at 12 South Michigan Avenue in Downtown Chicago. Mission Capital’s ...

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Arbor Lodging Partners and NVN Hotels Merge

Arbor Lodging Partners and NVN Hotels Merge

CHICAGO, Ill.—Chicago-based Arbor Lodging Partners and NVN Hotels announced that the two companies will now operate under the name Arbor Lodging (Arbor), with the investment arm continuing as Arbor Lodging Partners and the management arm, NVN Hotels, now operating as ...

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The Tripling of Marriott’s Soft Brand Offerings

The Tripling of Marriott’s Soft Brand Offerings

When Marriott acquired Starwood last year, Marriott became the largest hotel company in the world. Post acquisition, Marriott now owns three soft brands, The Autograph Collection, The Luxury Collection, and The Tribute Portfolio. With the sudden tripling of the company’s soft ...

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Best Western Acquires Sweden Hotels

Best Western Acquires Sweden Hotels

Phoenix, Ariz.—Best Western Hotels & Resorts announced that the company has added to its global portfolio Sweden Hotels–one of Scandinavia’s largest hotel groups. As a result of the acquisition, Best Western Hotels & Resorts is now the largest hotel brand ...

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