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FibraHotel, Starwood Partner to Grow Portfolio in Mexico

FibraHotel, Starwood Partner to Grow Portfolio in Mexico

MEXICO CITY, Mexico—FibraHotel and Starwood announced they will collaborate to expand the number of hotels they work on together in Mexico. FibraHotel recently signed an agreement with local developers for five business hotels in the country, and will work with ...

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Strategic to Acquire Four Seasons Resort Scottsdale

Strategic to Acquire Four Seasons Resort Scottsdale

CHICAGO—Strategic Hotels & Resorts Inc. has signed an agreement to acquire the Four Seasons Resort Scottsdale at Troon North from an affiliate of Walton Street Capital LLC for $140 million, which includes 13.8-acres of developable land zoned for an additional ...

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Chatham Lodging Completes Inland American Acquisitions

Chatham Lodging Completes Inland American Acquisitions

PALM BEACH, Fla.—Chatham Lodging Trust has completed the previously announced acquisition of a 52-hotel, 6,976-room portfolio from Inland American. The combined total purchase price was approximately $1.1 billion, before deal costs and funding of escrows. Chatham acquired four hotels as ...

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DiamondRock to Sell Los Angeles Airport Marriott

DiamondRock to Sell Los Angeles Airport Marriott

BETHESDA, Md.—DiamondRock Hospitality Company has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott. This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the ...

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Homewood Suites Announces First Dual-Build Oceanfront Hotel

Homewood Suites Announces First Dual-Build Oceanfront Hotel

MYRTLE BEACH, S.C. and MCLEAN, Va.—Hilton Worldwide announced the groundbreaking of Homewood Suites by Hilton Myrtle Beach/Oceanfront to join Hampton Inn Myrtle Beach/Oceanfront as the first dual-branded oceanfront hotel for the company. The property will be the first hotel built ...

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Ashford Hospitality Trust Announces Spin-Off

Ashford Hospitality Trust Announces Spin-Off

DALLAS—Ashford Hospitality Trust, Inc. has announced the completion of the previously announced spin-off of Ashford Inc. Following the spin-off, Ashford Inc. is now an independent publicly traded asset management company focused on managing real estate, hospitality, and securities platforms both ...

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