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Ashford Prime to Acquire Bardessono for $85 Million

Ashford Prime to Acquire Bardessono for $85 Million

DALLAS—Ashford Hospitality Prime has entered into a definitive agreement to acquire the leasehold interest in the 62-room Bardessono Hotel and Spa in Yountville, Calif., for a total consideration of $85 million ($1,370,000 per key). Post-closing, the property will be managed ...

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Aloft South Beach Opens

Aloft South Beach Opens

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide today announced the opening of Aloft South Beach. Located in Miami Beach, Fla., the adaptive re-use Aloft hotel features 235 guestrooms in a scenic lakefront setting. Developed by JMH Development and Madden Real Estate ...

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Hotel Indigo Opens in Downtown Baltimore

Hotel Indigo Opens in Downtown Baltimore

ATLANTA—InterContinental Hotels Group’s Hotel Indigo brand has opened its first hotel in Maryland, the 162-room Hotel Indigo Baltimore – Mt. Vernon. The hotel is also a historic building that once housed Baltimore’s first YMCA. The boutique hotel sits in the ...

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SBE Forms Real Estate Development Business

SBE Forms Real Estate Development Business

LOS ANGELES—SBE, the Los Angeles-based hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs, announced the formation of an international real estate development subsidiary, Dakota Development. The Dakota team, which has developed more than 80 projects for SBE, ...

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Starwood Sells Phoenician to Host Hotels & Resorts

Starwood Sells Phoenician to Host Hotels & Resorts

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. announced that it has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Ariz. to Host Hotels & Resorts for $400 million. Under Host’s ownership, The Phoenician will undergo a complete renovation. Starwood ...

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