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Value Place to Develop 12 Boston-Area Hotels

Value Place to Develop 12 Boston-Area Hotels

BOSTON—Value Place and Dinosaur Capital Partners, the Boston-based development and investment firm, plan to develop 12 new corporate hotels in the Boston area over the next two years. Boston is Value Place’s latest focus in its continuing expansion across the ...

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U.S. Hotel Pipeline is Stuck in Low Gear

U.S. Hotel Pipeline is Stuck in Low Gear

New hotel openings in the United States continue to be in a slow but steady uptrend since 2011’s cyclical bottom of 346 projects (37,193 rooms). Lodging Econometrics’ forecast for new openings in 2015, at 739 projects (82,587 rooms), represents a ...

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Urban Commons Purchases Two Hotels in San Mateo, Calif.

Urban Commons Purchases Two Hotels in San Mateo, Calif.

LOS ANGELES—Urban Commons announced the purchase of the 110-room Comfort Inn and the 110-room Holiday Inn in San Mateo, Calif. The hotels are located in the high-tech enclave of Silicon Valley which surrounds the San Francisco Bay Area. Urban Commons ...

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Motel 6 Breaks Ground on Two Locations in Pennsylvania

Motel 6 Breaks Ground on Two Locations in Pennsylvania

DALLAS, Texas—Motel 6 announced the groundbreaking of two new locations in Pennsylvania/Greater Philadelphia. The projects are the first new-construction Motel 6 locations in the northeast set to feature the brand’s “Phoenix” design. The projects, located in Allentown and Wilkes-Barre, are ...

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First TRYP by Wyndham Planned for the Middle East

First TRYP by Wyndham Planned for the Middle East

DUBAI, United Arab Emirates—Wyndham Hotel Group announced plans for the first TRYP by Wyndham hotel in the Middle East, following the signing of a management agreement with Omega I, a subsidiary of British-owned developer The First Group. The property is ...

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