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Thompson Miami Beach to Join Hyatt’s Unbound Collection

Thompson Miami Beach to Join Hyatt’s Unbound Collection

CHICAGO—Hyatt Hotels Corporation today announced that a wholly-owned subsidiary has entered into an agreement to purchase the 380-room Thompson Miami Beach hotel from an affiliate of Geolo Capital. The transaction is expected to close in late April, and the hotel ...

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WaterWalk Inks $150 Million Deal with Rockford Development

WaterWalk Inks $150 Million Deal with Rockford Development

WICHITA, Kan.—WaterWalk Hotel Apartments, Jack DeBoer’s fifth national brand, has executed an agreement with a Rockford Development Group venture, led by Paul Roberts of Rockford and hotel industry veteran Rob Mossburg, to initially develop eight WaterWalk franchises. The properties will ...

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Alliance Acquires Wyndham Glenview Suites Chicago North

Alliance Acquires Wyndham Glenview Suites Chicago North

GLENVIEW, Ill.—Alliance Hospitality announced it has acquired the Wyndham Glenview Suites Chicago North hotel, located in Glenview, Ill. Rolf Tweeten, chairman of the board for Alliance Hospitality, made the announcement. The property will undergo a multi-million dollar renovation as Alliance ...

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Interstate Invests in 10 Marriott Hotels

Interstate Invests in 10 Marriott Hotels

ARLINGTON, Va.—Interstate Hotels & Resorts, along with Waramaug Hospitality, a private investment group focused on acquiring legacy branded assets through the United States, announced today an investment in a premier collection of 10 Marriott branded extended-stay hotels in partnership with ...

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Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company’s limited service hotels in Manhattan totaling 1,087 ...

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