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Fitch: As U.S. Hotels Peak, CMBS Wearily Watched

Fitch: As U.S. Hotels Peak, CMBS Wearily Watched

The days of strong RevPAR growth and occupancy rates are over for U.S. hotels, which could impair loan performance for CMBS as interest rates rise, according to the latest video in Fitch Ratings’ Virtual Investor Series. While Fitch maintains a ...

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HVMG Acquires Two Hotels for $50 Million

HVMG Acquires Two Hotels for $50 Million

ATLANTA, Ga.—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, has announced it has formed a joint venture with True North Management Group of White Plains, N.Y., to acquire the 282-room Marriott Century Center in Atlanta, ...

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Tru by Hilton Breaks Ground on Third Property

Tru by Hilton Breaks Ground on Third Property

CHEYENNE, Wyo.—Hilton Worldwide has broken ground on a new Tru by Hilton property located in Cheyenne, Wyo. The celebration marked the third groundbreaking of the company’s Tru by Hilton brand. Demonstrating Tru’s commitment to breaking the mold at every occasion, ...

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Construction Begins on DoubleTree Lafayette East

Construction Begins on DoubleTree Lafayette East

MCLEAN, Va.—Hilton Worldwide and Dora Hotel Company have announced that construction has started on the new DoubleTree by Hilton Lafayette East hotel in Lafayette, Ind. The newly renovated, six-story, 128-room hotel and conference center will be located on the site ...

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HRI Properties Buys DoubleTree Minneapolis

HRI Properties Buys  DoubleTree Minneapolis

MINNEAPOLIS—HRI Properties, LLC (HRI) has announced it has acquired DoubleTree Suites by Hilton Hotel Minneapolis. The hotel is located at 1101 LaSalle Avenue, six blocks from HRI’s owned and managed Embassy Suites by Hilton Minneapolis Downtown opening September 2016. HRI ...

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Courtyard by Marriott Opens in Spring, Texas

Courtyard by Marriott Opens in Spring, Texas

SPRING, Texas—Woodbine Development Corporation and InterMountain Management are pleased to announce the opening of a new 125-room Courtyard by Marriott in Spring, Texas. The hotel is located in the new community of Springwoods Village, a 2,000-acre planned community situated just ...

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