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Hersha Hospitality Trust Increases West Coast Presence

Hersha Hospitality Trust Increases West Coast Presence

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, today announced the company has entered into a definitive agreement to purchase the 122-room Hotel Oceana in Santa Barbara, Calif., for $42 million. “The acquisition of Hotel Oceana exemplifies ...

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Ritz-Carlton Opens in Almaty

Ritz-Carlton Opens in Almaty

ALMATY, Kazakhstan—The Ritz-Carlton Hotel Company has opened its first hotel in Kazakhstan with a new luxury property in Almaty. The debut was made possible through a partnership with international real estate developer Capital Partners. The 145-room hotel sits atop the ...

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San Francisco Hotels Make Big Economic Impact

San Francisco Hotels Make Big Economic Impact

The hospitality and tourism industry is a vital part of the U.S. economy. In 2012, it supported nearly 7.7 million jobs and generated $855.4 billion in travel spending. And hotels remain a large part of the equation by contributing to ...

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Noble Investment Group Acquires Two Arizona Hotels

Noble Investment Group Acquires Two Arizona Hotels

ATLANTA—Noble Investment Group announced the acquisition of two Arizona hotels, the Windmill Suites Hotel Tucson at the University of Arizona and the Windmill Suites Hotel in Phoenix/Chandler at the Chandler Fashion Center. The two properties will undergo more than $18 ...

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IHG to Open 10 Holiday Inn Express Hotels in India

IHG to Open 10 Holiday Inn Express Hotels in India

BANGALORE—InterContinental Hotels Group (IHG) has signed a deal with South India real estate developer, Brigade Group. Under the agreement, 10 Holiday Inn Express hotels are to be built in southern India, owned by Brigade Group and managed by IHG. The ...

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Best Western Premier Havana Nha Trang Opens in Vietnam

Best Western Premier Havana Nha Trang Opens in Vietnam

BANGKOK—Best Western International (BWI) continues its expansion in Southeast Asia with the opening of a new landmark property on the coast of Vietnam—Best Western Premier Havana Nha Trang. Centrally located on the city’s Tran Phu Street and overlooking Nha Trang ...

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