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Room Mate Hotels Opens in Milan, Malaga

Room Mate Hotels Opens in Milan, Malaga

MADRID—Room Mate Hotels continues its rapid global expansion plans with the launches of two new boutique properties in Europe: Room Mate Giulia in Milan and Room Mate Valeria in Malaga. The Madrid-based company has eight additional hotel openings planned for ...

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First Tru by Hilton Breaks Ground in Georgia

First Tru by Hilton Breaks Ground in Georgia

MCLEAN, Va.—Hilton Worldwide today broke ground on its very first Tru by Hilton property located in McDonough, Ga. The celebration marked the fastest brand announcement to groundbreaking in Hilton history, less than eight weeks after Tru’s public debut. Demonstrating Tru’s ...

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Starwood’s Element to Make Nashville Debut

Starwood’s Element to Make Nashville Debut

Starwood Hotels & Resorts Worldwide today announced its Element brand will debut in Nashville at oneC1TY, the health and mindful living-focused community west of downtown, in 2018. Owned by an affiliate of Cambridge Holdings, Element Nashville West End will feature ...

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Construction a Greater Threat to Lodging Sector CMBS Than Airbnb

Construction a Greater Threat to Lodging Sector CMBS Than Airbnb

NEW YORK—Supply-demand imbalance from over-building in the hotel sector poses a greater threat to U.S. traditional lodging sector fundamentals for hotels backing commercial mortgage-backed securities (CMBS) than peer-to-peer home renting platforms such as Airbnb, even as the latter continue to ...

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Midas Hospitality Acquires Courtyard Clemson

Midas Hospitality Acquires Courtyard Clemson

SAINT LOUIS, Mo.—An investment group led by Midas Hospitality has acquired the 110-room Courtyard by Marriott-Clemson, S.C. for $16.5 million. St. Louis-based hotel owner, operator, and developer, Midas Hospitality, will manage the asset. The Courtyard by Marriott—Clemson, S.C. is located ...

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