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Value Place Acquires 22 Properties for $115 Million

Value Place Acquires 22 Properties for $115 Million

WICHITA, Kan.—Value Place announced that it has acquired 22 operating properties owned by its largest franchisee, a partnership comprised of Angelo, Gordon & Co. and other prominent real estate investors. The $115 million purchase price includes the assumption of existing ...

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Inside Finance: Takeaways from The Lodging Conference

Inside Finance: Takeaways from The Lodging Conference

Anyone recently attending The Lodging Conference in Phoenix had a great opportunity to take the temperature of the Lodging Industry. Although there were probably few or no radical epiphanies, there were a number of common threads to the various conversations ...

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Four Seasons Hotel Shenzhen Opens

Four Seasons Hotel Shenzhen Opens

The Four Seasons Hotel Shenzhen, the company’s eighth hotel in China, has officially opened its doors across the street from the Shenzhen Convention and Exhibition Center in the growing city. “Shenzhen is a fascinating city, changing by the minute,” says ...

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Residence Inn Hotel To Open In Champaign, Ill.

Residence Inn Hotel To Open In Champaign, Ill.

Champaign, Ill.—The 112-suite Residence Inn by Marriott in Champaign, Ill., is scheduled to open and will be the first to feature the brand’s new room design. The Residence Inn Champaign will operate as a Marriott franchise, owned and managed by ...

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Marriott Marquis Washington DC Celebrates Topping Off

Marriott Marquis Washington DC Celebrates Topping Off

WASHINGTON—Marking a major milestone in the construction process., J.W. Marriott, Jr., executive chairman of Marriott International, Mayor Vincent C. Gray, District of Columbia, and dignitaries celebrated the topping off of the Marriott Marquis Washington DC, signifying that the 15-story property ...

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