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Aloft Reaches 75th Hotel Milestone

Aloft Reaches 75th Hotel Milestone

From the Lodging Conference 2013, Starwood Hotels and Resorts Worldwide announced that its Aloft brand has reached the 75th hotel milestone with the opening of Aloft Panama, the brand’s fourth hotel in Latin America. Aloft is operating in 14 countries ...

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Inside Financing: Filling the Cap Stack Gap

Inside Financing: Filling the Cap Stack Gap

Putting together a hotel capital stack can be like assembling a puzzle with moving parts that must come together simultaneously. Even with great availability of low cost senior debt today, we still see a lot of projects suffering from a ...

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Choice Hotels Breaks Ground on First Cambria Suites in Arizona

Choice Hotels Breaks Ground on First Cambria Suites in Arizona

PHOENIX—Choice Hotels International and O’Reilly Hospitality Management, a hotel and restaurant developer and management company based in Springfield, Mo., today announced the expansion of the upscale hotel brand, Cambria Suites, into the Phoenix market. The four-story, 121-room Cambria Suites Phoenix-Desert ...

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River City Casino Unveils 200-Room Hotel

River City Casino Unveils 200-Room Hotel

ST. LOUIS—River City Casino and Hotel in South St. Louis County announced the completion of an $82-million expansion and held a grand opening ceremony for its new hotel. The unveiling of the 200-room hotel completes an extensive two-year investment commitment ...

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The Kessler Collection Announces Brand Expansion

The Kessler Collection Announces Brand Expansion

ORLANDO, Fla.—The Kessler Collection, a portfolio of ten boutique hotels and restaurants, announced its continued expansion with upcoming developments throughout the United States. The brand will add four new hotels in Charleston, S.C., Birmingham, Ala., Savannah, Ga. and Healdsburg, Calif. ...

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AR Capital Purchases Majority Stake in Crestline

AR Capital Purchases Majority Stake in Crestline

NEW YORK—AR Capital, LLC announced that it has completed the purchase of a controlling interest in Crestline Hotels and Resorts from Grupo Barcelo, a hotel company in its third generation of family ownership headquartered in Majorca, Spain. Crestline currently manages ...

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