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Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced that the company has entered into a definitive agreement to sell the Hotel 373 located in midtown Manhattan. The 70-room hotel is being sold to an offshore investment ...

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Value Place Opens Hotel in Jacksonville, Fla.

Value Place Opens Hotel in Jacksonville, Fla.

JACKSONVILLE, Fla.—Value Place has announced the grand opening of a newly constructed hotel in Jacksonville, Fla. This property is the latest to open as part of the extended-stay company’s national growth strategy. Value Place Jacksonville North was developed with efficient ...

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Waldorf Astoria Opens in Beijing

Waldorf Astoria Opens in Beijing

BEIJING—Hilton Worldwide and Waldorf Astoria Hotels and Resorts announced the opening of Waldorf Astoria Beijing, marking the second Waldorf Astoria hotel in China. The luxury hotel features 176 guestrooms and suites, three unique restaurants, including Peacock Alley, Brasserie 1893, and ...

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Starwood to Debut Westin Hotels in Egypt

Starwood to Debut Westin Hotels in Egypt

CAIRO—Starwood Hotels and Resorts Worldwide announced that it will soon introduce the Westin brand to Egypt with the opening of The Westin Cairo Golf Resort and Spa Katameya Dunes early next year. Owned by New Cairo for Real Estate Investment ...

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RLJ Lodging Trust Sells Portfolio of 11 Hotels

RLJ Lodging Trust Sells Portfolio of 11 Hotels

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Trust announced that the company has closed on the sale of a portfolio of 11 hotels for approximately $85 million. The sale price represents approximately a 7.9 percent capitalization rate on the portfolio’s estimated 2013 net ...

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Courtyard Hotel To Open In Wilmington, N.C.

Courtyard Hotel To Open In Wilmington, N.C.

WILMINGTON, N.C.—Courtyard by Marriott is launching a hotel in Wilmington, N.C. This is the newest Courtyard in the area featuring the Refreshing Business lobby environment. Along with media pods, WiFi, and a variety of seating zones, the redefined space is ...

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