Four Points by Sheraton Cleveland Airport Acquired by NexGen Hotels
CLEVELAND—NexGen Hotels, a hotel development and management company based in Itasca, Illinois, acquired the Four Points by Sheraton Cleveland Airport. Catering to the needs...
Driftwood Capital Begins Office Building Conversion Into Staybridge Suites
WILMINGTON, Delaware—Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, announces that it has begun construction on...
Pyramid Hotel Group Added 25 Hotels to its Portfolio Since June 2020
BOSTON—Pyramid Hotel Group, a worldwide hotel management company, has completed its 25th hotel portfolio addition, amounting to 25 hotels in its portfolio since June...
Radisson Hotel West Memphis Opens Near Tennessee Border
MINNEAPOLIS —Radisson Hotel Group Americas opened a Radisson in the heart of Memphis. Radisson Hotel West Memphis is just a quick drive from Beale...
Residence Inn Norfolk Airport Sold by CBRE
NORFOLK, Virginia—CBRE facilitated the sale of the Residence Inn Norfolk Airport, an all-suite, 130-room hotel located in Norfolk, Virginia. LTD Management DBA Lake Wright...
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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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