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Ashford Trust Acquires Lakeway Resort for $33.5 Million

Ashford Trust Acquires Lakeway Resort for $33.5 Million

DALLAS—Ashford Hospitality Trust has signed a definitive agreement to acquire the 168-room Lakeway Resort & Spa in Austin, Texas, for a total consideration of $33.5 million ($199,000 per key). The acquisition is expected to close within the next 30 days. ...

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R.D. Olson Begins Construction on Hampton Inn Glendale

R.D. Olson Begins Construction on Hampton Inn Glendale

IRVINE, Calif.—R.D. Olson Construction has begun construction on a five-story, 94-room Hampton Inn & Suites hotel on the corner of Colorado Street and Brand Boulevard in Glendale, Calif. The Irvine, Calif.-based general contractor was selected by Vista Investments to construct ...

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Value Place Enters Washington State with 25 New Hotels

Value Place Enters Washington State with 25 New Hotels

WICHITA, Kan.—Value Place has entered into an agreement with West77 Partners to develop up to 25 hotels across the state of Washington. The Bellevue, Wash.-based West77 Partners has entered into a development agreement with Value Place Franchise Services, which includes ...

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Holiday Inn Express Snowmass Village Opens

Holiday Inn Express Snowmass Village Opens

ATLANTA—InterContinental Hotels Group has announced the opening of the Holiday Inn Express Snowmass Village hotel. As the newest addition to IHG hotels in Colorado, this four-story hotel features 145 guestrooms and six suites. Situated at the base of Snowmass Mountain, ...

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