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Centerbridge to Acquire Great Wolf Resorts

Centerbridge to Acquire Great Wolf Resorts

MADISON, Wis.—Great Wolf Resorts has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners whereby Centerbridge, a private investment firm, will acquire Great Wolf, a family of indoor waterpark resorts. Great Wolf is currently ...

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ADR Projected to Grow in Coming Months

ADR Projected to Grow in Coming Months

NEW YORK—Hotels in major North American markets are continuing to experience growth driven by strong rates, according to data from the March 2015 TravelClick North American Hospitality Review (NAHR). While hotels continue to experience steady growth, group sales have decelerated. ...

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Lexington by Vantage Opens Klapa Resort in Bali

Lexington by Vantage Opens Klapa Resort in Bali

CLEVELAND—Lexington by Vantage has opened the 122-room Lexington Klapa Resort, which is the brand’s second property in the Pecatu Indah Resort area of Bali, Indonesia. Vantage Hospitality Group first entered Bali in 2013 with the 266-room New Kuta Hotel, part ...

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Carey Watermark Acquires Westin Pasadena for $142.5 Million

Carey Watermark Acquires Westin Pasadena for $142.5 Million

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, Calif. The acquisition price was $142.5 million. The Westin Pasadena is a Four ...

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Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

MIAMI—Karisma Hotels & Resorts and Viacom International Media Networks (VIMN), a division of Viacom Inc., have signed an agreement to develop Nickelodeon Hotels. A Gourmet Inclusive collection of family-friendly properties, Nickelodeon Hotels will represent the first and only international hotels ...

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