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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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Global Hotel Pipeline Shows Steady Increase

Global Hotel Pipeline Shows Steady Increase

PORTSMOUTH, NH—Lodging Econometrics’ (LE) Global Construction Pipeline Trend Report shows that in the first quarter of 2017, the total pipeline ended with 11,904 projects and nearly 2 million rooms, up 6 percent by projects year-over-year (YOY). The number of projects under construction globally was 5,496 ...

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Hotel EMC2 Opens With Launch Of Community Partnership

Hotel EMC2 Opens With Launch Of Community Partnership

CHICAGO—Autograph Collection Hotels and SMASHotels recently opened Hotel EMC2 in downtown Chicago, launching a partnership with Chicago-based nonprofit, Project SYNCERE (Supporting Youth’s Needs with Core Engineering Research Experiments), an organization that combines art and science to create transformational experiences for ...

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West Elm Hotels Plans San Francisco Bay Area Location

West Elm Hotels Plans San Francisco Bay Area Location

BROOKLYN, N.Y.—West Elm Hotels plans to expand to the West Coast with its new Oakland, California location, expected to open in 2020. West Elm Hotels is teaming up with Signature Development Group and Jordan Real Estate Investments on the project. Signature ...

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