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Philly Ready to Host Democratic National Convention

Philly Ready to Host Democratic National Convention

An estimated 50,000 people will descend upon the Democratic National Convention (DNC) from July 25 to 28 in Philadelphia. The event is expected to cost the City of Brotherly Love around $60 million, but the city is expecting major returns—to ...

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White Lodging Buys Indianapolis Marriott Downtown

White Lodging Buys Indianapolis Marriott Downtown

MERRILLVILLE, Ind.—The original developer of the Indianapolis Marriott Downtown closed last week on the purchase of the hotel, reacquiring a property it developed and opened more than 15 years ago. Affiliates of White Lodging Services Corporation and REI Investments purchased ...

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Ten-X Closes on $190 Million in Assets in First Quarter

Ten-X Closes on $190 Million in Assets in First Quarter

IRVINE AND SILICON VALLEY, CALIF.—Ten-X announces its hospitality division has closed on 50 assets totaling $190 million from January 2016 through May 2016 on the on the Ten-X Commercial online platform. The Ten-X hospitality division’s momentum follows a record-setting 2015, ...

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The Graham Hotel Georgetown Sells for $37 Million

The Graham Hotel Georgetown Sells for $37 Million

WASHINGTON, D.C.—Mast Capital and CBRE Hotels have announced the sale of The Graham Hotel Georgetown, a 57-room upscale boutique property located within the Georgetown Historic District. Since the hotel underwent a multi-million dollar renovation in 2013, its profitability has more ...

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Delaware North Acquires Sea Crest Beach Hotel

Delaware North Acquires Sea Crest Beach Hotel

BUFFALO, N.Y.—Delaware North, one of the largest privately held global hospitality and food service companies in the world, has expanded its portfolio of resorts into Massachusetts by acquiring the Sea Crest Beach Hotel on Cape Cod. Sea Crest Beach Hotel ...

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2015 Operating Performance Showed Growth, But Slowing

2015 Operating Performance Showed Growth, But Slowing

Every eight to ten years, two things occur in the U.S. lodging industry—a performance cycle comes full circle and revisions to the Uniform System of Accounts for the Lodging Industry (USALI) are implemented. Both of these factors influenced the information ...

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