LAS VEGAS and MCLEAN, Va.–Tru by Hilton has opened its eighth U.S. hotel, largest location, and its westernmost property to-date with the launch of Tru by Hilton Las Vegas Airport. Managed by Dallas-based Prism Hotels & Resorts, the new hotel ...
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Feed SubscriptionCommercial Café Names the 20 Biggest Hotel Sales of the Year
Commercial real estate listing platform COMMERCIAL Café recently released a list of the 20 largest hotel sales of the year using data from PropertyShark, LW Hospitality, and its own proprietary research for sales recorded up until November 27, 2017. The ...
Read More »My Place Hotels Opens First Tennessee Property
Lebanon, Tenn.—My Place Hotels of America announced the opening of Tennessee’s first and America’s 36th My Place Hotel in Lebanon. The 63-room, new-build property is located at 1004 Cumberland Center Boulevard off Exit 238 of I-40, where guests will have ...
Read More »An Overview of Roadside Property Performance
Interstate properties—one of six location segments defined by STR—encompass hotels that are “in close proximity to major highways, motorways, or other major roads” and where the primary source of business is travelers passing through the area. As of July, these ...
Read More »Banyan Investment Group Acquires Three Marriott-Branded Hotels
ATLANTA—Banyan Investment Group, a hotel investment and management company that acquires and manages select-service hotels in the United States, announced that it has acquired and will operate three Marriott-branded hotels in two separate transactions: the 105-room Fairfield Inn & Suites ...
Read More »Margaritaville Nashville Hotel Breaks Ground
Nashville, Tenn.–Margaritaville Nashville Hotel has broken ground, becoming the latest property to feature a proposed Margaritaville Vacation Club by Wyndham element as part of an evolving relationship between Margaritaville and Wyndham. When it opens in Summer 2019 in Nashville’s thriving ...
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