Home / Finance + Development (page 252)

Category Archives: Finance + Development

Feed Subscription

Hotel Construction Ramping Up in Unexpected Places

Hotel Construction Ramping Up in Unexpected Places

The U.S. RevPAR recovery is well underway. With operating fundamentals now nearing or surpassing the prior peaks of 2007 and room demand at an all time high, industry participants feel positive. But, as always in the lodging industry, positive news ...

Read More »

Inland American Purchases Two Westin Hotels for $220 Million

Inland American Purchases Two Westin Hotels for $220 Million

OAK BROOK, Ill.—Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc., announced that it has acquired two Westin hotels located in Houston’s Galleria District, for approximately $220 million. The 24-story Westin Galleria includes ...

Read More »

IHG Signs First Hotel Indigo in Finland

IHG Signs First Hotel Indigo in Finland

InterContinental Hotels Group (IHG) announced the signing of its first Hotel Indigo in Finland: Hotel Indigo Helsinki – Boulevard. Due to open in 2015, the 120-room hotel is a conversion of an existing building. It will open under a franchise ...

Read More »

Hyatt to Acquire The Peabody Orlando

Hyatt to Acquire The Peabody Orlando

CHICAGO—Hyatt Hotels Corporation announced that a wholly owned Hyatt subsidiary plans to purchase the 1,641-room Peabody Orlando hotel for $717 million from UST Hotel Joint Venture, Ltd., comprised of affiliates of Belz Enterprises and Estein and Associates USA, Ltd. The ...

Read More »

U.S. Lodging Sector Performance Remains Favorable

U.S. Lodging Sector Performance Remains Favorable

NEW YORK—PwC US anticipates that positive momentum in travel activity will continue to boost revenue per available room (RevPAR) in 2013, despite the recent sluggish pace of economic recovery. An updated lodging forecast released by PwC US shows favorable gains ...

Read More »

Dual-Branded Property Breaks Ground in Hillsboro, Oreg.

Dual-Branded Property Breaks Ground in Hillsboro, Oreg.

McLEAN, Va.—Embassy Suites Hotels and Hampton Inn and Suites recently broke ground on a new dual-branded property in Hillsboro, Oreg. Located outside of Portland, the hotels will be built side by side. The full-service, all-suites Embassy Suites will be a ...

Read More »
Scroll To Top