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Chesapeake Lodging Trust Acquires Ace Hotel Downtown

Chesapeake Lodging Trust Acquires Ace Hotel Downtown

ANNAPOLIS, Md.—Chesapeake Lodging Trust announced that it has closed on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, Calif. for a purchase price of $103 million, or approximately $566,000 per key. ...

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Group Reservation Pace Up, TravelClick Reports

Group Reservation Pace Up, TravelClick Reports

NEW YORK—Hotels in major North American markets continued to maintain positive growth in rate, according to data from the April 2015 TravelClick North American Hospitality Review (NAHR). TravelClick’s data reports new group reservation pace — up 13 percent year-over-year — ...

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The Developing Story: Charleston

The Developing Story: Charleston

With a charming culture and expanding economy, this city is a go-to destination for tourists and developers alike. Charleston may not be a top 25 market, but it sure acts and performs like one. The oldest city in South Carolina ...

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The Real Value of Dual-Brand Hotels

The Real Value of Dual-Brand Hotels

The pace of new hotel construction is picking up. According to STR, there were 1,003 hotels under construction in the United States as of January 2015, up 31.8 percent from January 2014. The most active under-construction segments of the hotel ...

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Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

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