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AJ Capital Partners Acquires Doubletree Richmond Downtown

AJ Capital Partners Acquires Doubletree Richmond Downtown

RICHMOND, Va.—AJ Capital Partners has announced that it has acquired the former Doubletree by Hilton Hotel Richmond Downtown in Richmond, Virginia. The property will be closed to facilitate a comprehensive renovation and will open as the Graduate Richmond in early ...

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8 Habits of Effective Hotel Investors

8 Habits of Effective Hotel Investors

As investment strategies go, food trucks and graffiti are about as outside the box as you can get, yet these are both part of Jon Bortz’s immediate plans. Innovative property upgrades are integral to his approach in generating outsized returns ...

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Chesapeake Lodging Trust Acquires The Royal Palm

Chesapeake Lodging Trust Acquires The Royal Palm

ANNAPOLIS, Md.—Chesapeake Lodging Trust has closed on the previously announced acquisition of The Royal Palm located in Miami Beach, Fla., for a purchase price of $278 million or approximately $707,000 per key. The Trust entered into a new management agreement ...

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The Enduring Recovery of Group Demand

The Enduring Recovery of Group Demand

After a year of growth in 2014, as well as a projected strong 2015, group demand has been on the rise for nearly half a decade. For the fourth straight year, PKF Hospitality Research (PKF-HR), a CBRE company, observed an ...

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Lodging Econometrics: U.S. Pipeline Growth Accelerates

Lodging Econometrics: U.S. Pipeline Growth Accelerates

With 3,645 projects/460,551 rooms, the 2014 total U.S. construction pipeline stands at its highest level in six years, Lodging Econometrics reports. After a three-year bottoming formation, the pipeline has now posted five consecutive quarters of double-digit year-over-year (YOY) growth. In ...

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