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Hersha Hospitality Trust to Sell Portfolio of 16 Hotels

Hersha Hospitality Trust to Sell Portfolio of 16 Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the Company has entered into a definitive agreement to sell 16 hotels to an affiliate of Blackstone Real Estate Advisors for gross proceeds of $217 million, or approximately ...

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Homewood Suites by Hilton Opens Hotel in DuBois, Pa.

Homewood Suites by Hilton Opens Hotel in DuBois, Pa.

MCLEAN, Va.—Homewood Suites by Hilton, Hilton Worldwide’s brand of upscale, all-suite, extended-stay hotels, announced the opening of its newest property in DuBois, Pa. Creating 30 permanent jobs, the four-story, 106-suite hotel is owned by Rama Tika Developers, LLC., and will ...

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Hyatt Announces a Third Hyatt-Branded Hotel in Colombia

Hyatt Announces a Third Hyatt-Branded Hotel in Colombia

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Fideicomiso FAFP-Promover-Hotel Cali- Fiduciaria del País S.A. for a Hyatt Regency hotel in Santiago de Cali, Colombia. This agreement marks the third Hyatt-branded hotel under ...

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Inland American Acquires Two Andaz Hotels

Inland American Acquires Two Andaz Hotels

OAK BROOK, Ill.—Inland American Lodging Group (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust (“Inland American”), and Hyatt Hotels Corporation announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, ...

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Hotel Market Insight: Santa Monica

Hotel Market Insight: Santa Monica

Santa Monica, Calif., has gone from beach town to boom town over the past two decades. From the advent of Silicon Beach to the tourist mainstay of the Santa Monica Pier, the city has emerged as a hot spot for ...

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Hyatt Place Dewey Beach Celebrates Official Opening

Hyatt Place Dewey Beach Celebrates Official Opening

CHICAGO—Hyatt Hotels Corporation, Meyer Jabara Hotels, and Dewey Beach Enterprises (DBE) announced the opening of Hyatt Place Dewey Beach, the first Hyatt-branded hotel in Delaware. “Hyatt Place is designed for a lifestyle, not a demographic, and as a result, we ...

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