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Kimpton Acquires Amara Resort and Spa in Sedona, Ariz.

Kimpton Acquires Amara Resort and Spa in Sedona, Ariz.

PHOENIX—Kimpton Hotels and Restaurants announced that it has purchased Amara Resort and Spa in Sedona, Ariz. The property was acquired through the company’s proprietary KHP-III fund, which closed in first quarter this year. The 100-room boutique resort overlooking Oak Creek, ...

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Ashford Hospitality Trust Launches Spin-Off REIT

Ashford Hospitality Trust Launches Spin-Off REIT

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...

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Ashford Hospitality Trust Launches Spin-Off REIT

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...

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Aloft Brand Completes Adaptive Reuse Project in Tulsa, Okla.

Aloft Brand Completes Adaptive Reuse Project in Tulsa, Okla.

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide announced that its Aloft brand has opened the Aloft Tulsa Downtown. The opening marks the successful completion of the Aloft brand’s second adaptive re-use project. The former City Hall was transformed into a 180-room ...

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