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Second Value Hotel Worldwide to be Built in South Korea

Second Value Hotel Worldwide to be Built in South Korea

CLEVELAND—Just two months ago, Value Hotel Worldwide announced it was developing the first upscale hotel in the newly created city of Sejong, South Korea. Today, it announced a second development of a new-construction, Value Hotel Worldwide in the city of ...

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Chesapeake Lodging Trust Acquires Hyatt Santa Barbara

Chesapeake Lodging Trust Acquires Hyatt Santa Barbara

ANNAPOLIS, Md.—Chesapeake Lodging Trust and Hyatt Hotels Corporation announced that Chesapeake has acquired the fee simple interest in the Hyatt Santa Barbara and two adjoining properties totaling 200 rooms from a Hyatt affiliate for $61.0 million, or approximately $305,000 per ...

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Lightstone Value Plus REITs Buy Four Arkansas Hotels

Lightstone Value Plus REITs Buy Four Arkansas Hotels

NEW YORK—Lightstone Value Plus Real Estate Investment Trust (LVPR) and Lightstone Value Plus Real Estate Investment Trust II (LVPR II) announced the acquisition of four Marriott and Starwood hotels in Arkansas for $29.1 million. LVPR acquired the Marriott Fairfield Inn ...

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IHG Opens Its Second Hotel in Ecuador

IHG Opens Its Second Hotel in Ecuador

MIAMI–InterContinental Hotels Group (IHG) announced the opening of the 122-room Holiday Inn Hotel Guayaquil Airport in Guayaquil, Ecuador. The seven-story new-build hotel is adjacent to the José Joaquín de Olmedo International Airport, and is the second IHG-branded hotel for Ecuador. ...

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