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Hersha Hospitality Trust to Sell $185 Million Portfolio

Hersha Hospitality Trust to Sell $185 Million Portfolio

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has entered into a definitive agreement to sell a 5-hotel suburban portfolio totaling 757 rooms for $185 million, or $244,000 per key. “The sale of this ...

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My Place Atlanta West/Lithia Springs Opening in October

My Place Atlanta West/Lithia Springs Opening in October

ATLANTA, Ga.—The strong partnership between global transportation and logistics giant, Werner Enterprises, and My Place Hotels of America will soon present a unique offering at My Place Hotel-Atlanta West/Lithia Springs, Ga. The brand new 4-story, 85-unit hotel will serve Atlanta-area ...

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McVC, Peachtree Hotel Group Building Three Florida Hotels

McVC, Peachtree Hotel Group Building Three Florida Hotels

ORLANDO, Fla.—Officials of the PRISA Group, a family-owned developer, builder and owner of green residential communities, hospitality and resort projects in Puerto Rico and Florida, and Peachtree Hotel Group, one of the nation’s fastest growing hotel investment and management platforms, ...

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Provenance Hotels to Open Portland’s The Woodlark in 2017

Provenance Hotels to Open Portland’s The Woodlark in 2017

PORTLAND, Ore.—Two buildings are coming together at the intersection of SW Park and Alder Streets to create the Portland’s next hotel destination. Locally-based Provenance Hotels and NPB Capital purchased the historic Cornelius Hotel, built in 1908 but vacant in recent ...

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HMC Reopens Fredericksburg Inn & Suites

HMC Reopens Fredericksburg Inn & Suites

DALLAS—Leo Spriggs, president and CEO of Hospitality Management Corporation (HMC) proudly announces the completion of a $4 million renovation to this 103-room hotel located on five beautiful acres alongside Barons Creek, just one block from Main Street in the heart ...

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R.D. Olson’s Development Fundamentals

R.D. Olson’s Development Fundamentals

LODGING recently sat down with Bob Olson, founder and CEO of R.D. Olson Development, to discuss his company’s bold investments. What is R.D. Olson’s overall growth strategy? First of all, we look for markets that have multiple demand generators and ...

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