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Clement Palo Alto Set to Open This Month

Clement Palo Alto Set to Open This Month

PALO ALTO, Calif.—The Clement Palo Alto is set to open this month with 23 one-bedroom suites. The Clement Palo Alto service includes personalized concierge services, breakfast, lunch, and dinner in an on-premise location of the guest’s choice. All wine, beer ...

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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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New Starwood Offer Might Delay Marriott’s Ratings Momentum

New Starwood Offer Might Delay Marriott’s Ratings Momentum

NEW YORK—Fitch Ratings continues to see positive ratings momentum for Marriott International stemming from its planned merger with Starwood Hotels & Resorts. However, less creditor friendly financial terms associated with Marriott’s revised offer for Starwood increases execution risk and will ...

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Preferred to Launch 24 Properties in 2016

Preferred to Launch 24 Properties in 2016

CHICAGO—Preferred Hotels & Resorts, announces 24 new properties worldwide scheduled to launch before the end of the year, presenting options for travelers in both new and timeless destinations. Monument Hotel—Launching March 2016 This new five-star palace hotel housed in a ...

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China’s Aggressive Approach to Hotel Acquisitions

China’s Aggressive Approach to Hotel Acquisitions

NEW YORK—Decelerating industry fundamentals and weakness in forward-looking equity market prices for hotel-related companies hasn’t kept Chinese companies from dominating the hotel investment landscape recently, according to Fitch Ratings. Chinese investors have been aggressively bidding on mostly upper-tier hotel assets ...

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Room Mate Hotels Opens in Milan, Malaga

Room Mate Hotels Opens in Milan, Malaga

MADRID—Room Mate Hotels continues its rapid global expansion plans with the launches of two new boutique properties in Europe: Room Mate Giulia in Milan and Room Mate Valeria in Malaga. The Madrid-based company has eight additional hotel openings planned for ...

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