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Aloft South Beach Sells for $105 Million

Aloft South Beach Sells for $105 Million

JMH Development has sold the Aloft South Beach to Rockpoint Group for a total cost of $105 million, or $446,809 per key sale price. Acquired in 2004 and originally entitled as condos by Jason Halpern, founder and managing partner of ...

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Omni Louisville Unveils Model Guestrooms

Omni Louisville Unveils Model Guestrooms

LOUISVILLE, Ky.—A glimpse into Omni Louisville Hotel’s model guestrooms reveal designs influenced directly from the architecture, industry, culture, and hospitality of the city—everything from the hues of bourbon to the iron building façades of Whiskey Row. Each Omni property is ...

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Investors Cautiously Optimistic About African Hotels

Investors Cautiously Optimistic About African Hotels

KIGALI, Rwanda—Investor sentiment for hotels in Sub-Saharan Africa remains positive despite economic headwinds in key markets, according to the latest JLL research into the sector. The long-term outlook continues to be strong and is driven by positive economic, demographic and ...

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R.D. Olson Completes Hampton in Glendale, Calif.

R.D. Olson Completes Hampton in Glendale, Calif.

GLENDALE and IRVINE, Calif.—R.D. Olson Construction recently completed construction on the five-story, 94-room Hampton Inn & Suites hotel on the corner of Colorado Street and Brand Boulevard in Glendale, Calif. Located in the center of downtown Glendale, the hotel is ...

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