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The Developing Story: Austin

The Developing Story: Austin

Last year’s construction hotspot remains active in 2015 and provides a blueprint for other up-and-coming hotel markets. There are plenty of reasons developers like Austin. It has strong fundamentals, such as a large diversity of business, a highly educated population, ...

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Ashford Hospitality to Acquire Memphis Marriott East

Ashford Hospitality to Acquire Memphis Marriott East

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for total consideration of $43.5 million in cash ($187,500 per key). The acquisition is expected to close within the ...

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Vantage to Offer Duetto’s Revenue Strategy Solutions

Vantage to Offer Duetto’s Revenue Strategy Solutions

SAN FRANCISCO—Duetto has announced a partnership with Vantage Hospitality Group, Inc., to make its Revenue Strategy Solutions available to more than 1,200 hotels operating under multiple brands within the Vantage system. “We are pleased to have Duetto join Vantage’s Preferred ...

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Red Lion Hotels Announces Hotel Sale to Wig Properties

Red Lion Hotels Announces Hotel Sale to Wig Properties

SPOKANE, Wash.—Red Lion Hotels Corporation (RLHC) announced the company has entered into an agreement to sell its hotel in Bellevue, Wash. for $35.4 million to an affiliate of Wig Properties, a property development company based in Bellevue. Wig Properties has ...

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Ashford Trust Acquires Lakeway Resort for $33.5 Million

Ashford Trust Acquires Lakeway Resort for $33.5 Million

DALLAS—Ashford Hospitality Trust has signed a definitive agreement to acquire the 168-room Lakeway Resort & Spa in Austin, Texas, for a total consideration of $33.5 million ($199,000 per key). The acquisition is expected to close within the next 30 days. ...

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