Home / Finance + Development / Finance / Financial Advice and News (page 4)

Category Archives: Financial Advice and News

Feed Subscription

Hersha Closes on Joint Venture with Cindat

Hersha Closes on Joint Venture with Cindat

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has closed on the joint venture for seven of the company’s premium limited service hotels in Manhattan with Cindat Capital Management Limited, a China-based investment management ...

Read More »

New Spring Reservation Demand Weakens

New Spring Reservation Demand Weakens

NEW YORK—New reservation commitments added over the last month are down -7.1 percent, according to new data from TravelClick’s April 2016 North American Hospitality Review (NAHR). These numbers highlight hotels’ continued fragmented performance during this season. However, there remains some ...

Read More »

Sessa Sends Letter to Ashford Hospitality Prime Shareholders

Sessa Sends Letter to Ashford Hospitality Prime Shareholders

NEW YORK—Sessa Capital (Master), L.P. (Sessa), owner of 8.2 percent of the outstanding common shares of Ashford Hospitality Prime, Inc. (Ashford Prime or the company) today sent the following letter to Ashford Prime shareholders in response to the company’s termination ...

Read More »

Apple Hospitality REIT, Apple REIT Ten to Merge

Apple Hospitality REIT, Apple REIT Ten to Merge

RICHMOND, Va.—Apple Hospitality REIT, Inc. and Apple REIT Ten, Inc. (“Apple Ten”), collectively the “Pro Forma Combined Company,” announced today that the boards of directors of both companies have approved a definitive merger agreement under which the companies will create ...

Read More »

Stonehill Projects Record Year in Transaction Activity

Stonehill Projects Record Year in Transaction Activity

Stonehill Strategic Capital hit a record high in the first quarter, closing approximately $190 million in hotel financing. That follows a strong 2015, in which the Atlanta-based direct lender executed on 23 transactions. With a substantial number of projects already ...

Read More »

Marriott Reaffirms Commitment to Starwood Deal

Marriott Reaffirms Commitment to Starwood Deal

BETHESDA, Md.—Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater ...

Read More »
Scroll To Top