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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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Marriott Expects to Exceed One Million Rooms in 2015

Marriott Expects to Exceed One Million Rooms in 2015

DAVOS, SWITZERLAND, AND BETHESDA, Md.—Marriott International, Inc. said today that it expects its portfolio of hotels either open or under development to surpass one million rooms by the end of 2015. When open, the hotels under development will have generated ...

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Wyndham Grand Resort in Clearwater Beach Breaks Ground

Wyndham Grand Resort in Clearwater Beach Breaks Ground

PARSIPPANY, N.J.—Wyndham Hotel Group has signed a management agreement to expand its upscale Wyndham Hotels and Resorts brand in Florida with the addition of a beachfront Wyndham Grand resort in Clearwater Beach. The new-construction, 450-room Wyndham Grand Resort Clearwater Beach, ...

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Virgin Hotels Makes its Debut in Chicago

Virgin Hotels Makes its Debut in Chicago

NEW YORK—Virgin Hotels has opened the doors to its first property, Virgin Hotels Chicago. The new hotel brand joins a portfolio of hospitality companies led by Virgin Group and its founder Sir Richard Branson. “It’s been a long held dream ...

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