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Park Hyatt Siem Reap Opens in Cambodia

Park Hyatt Siem Reap Opens in Cambodia

CHICAGO—Hyatt Hotels Corporation announced the official opening of Park Hyatt Siem Reap, the fourteenth Hyatt property in the Southeast Asia region and the first Hyatt hotel in Cambodia. Formerly known as Hotel De La Paix, the property is reopening under ...

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North Dakota Oil Boom Boosts Hotel Business

North Dakota Oil Boom Boosts Hotel Business

When Maria Zafra moved from Florida to Minot, N.D., about two years ago to manage a new La Quinta property, it was hard for people to find hotel rooms. The room supply in Minot was still catching up to the ...

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Detroit Hotel Market is Shifting Gears

Detroit Hotel Market is Shifting Gears

Following three years of consecutive RevPAR growth and occupancy gains, Detroit has repositioned itself as a key hotel market. With the ongoing recovery of the auto industry and revival of the downtown corridor, hoteliers are starting to see Detroit as ...

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U.S. Hotel Pipeline Shows Modest Recovery

U.S. Hotel Pipeline Shows Modest Recovery

First quarter results show that the total U.S. pipeline has begun a modest recovery off the cyclical bottom established just a year ago in the first quarter of 2012. The improvement is a result of increases in both new project ...

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Carey Watermark Acquires Sonoma Mission Inn

Carey Watermark Acquires Sonoma Mission Inn

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired a joint venture interest in the Fairmont Sonoma Mission Inn and Spa from Fairmont Hotels and Resorts. Fairmont, the prior owner, will continue to manage the luxury resort under ...

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Starwood Capital Buys InTown Suites

Starwood Capital Buys InTown Suites

An affiliate of Starwood Capital Group, a global real estate investment firm, has agreed to buy the InTown Suites company and related real estate assets from Kimco Realty Corp., an owner and operator of neighborhood and community shopping centers. The ...

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