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Kimpton to Convert Historic R.J. Reynolds Building

Kimpton to Convert Historic R.J. Reynolds Building

SAN FRANCISCO—Kimpton Hotels & Restaurants has announced a new partnership with Philadelphia-based PMC Property Group to convert one of the most iconic and historically significant properties in Winston-Salem, N.C.—the R.J. Reynolds Building—into the city’s first luxury boutique hotel, which will ...

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Recovery Accelerates with Strong Growth in Group Demand

Recovery Accelerates with Strong Growth in Group Demand

NEW YORK—An updated lodging forecast released by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid 6.5 percent RevPAR growth in 2014. Despite a weak first ...

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Classic Hotels & Resorts Acquires Laguna Cliffs Inn

Classic Hotels & Resorts Acquires Laguna Cliffs Inn

Phoenix, Ariz.—Classic Hotels & Resorts has acquired The Laguna Cliffs Inn located in Laguna Beach, Calif. The boutique property is the newest addition to Classic Hotels & Resorts California Coastal Collection, which currently includes The Inn at Laguna Beach (also ...

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Waterstone Resort & Marina Boca Raton Opens

Waterstone Resort & Marina Boca Raton Opens

BOCA RATON, Fla. and MCLEAN, Va.–Hilton Worldwide and DoubleTree by Hilton have announced the opening of Waterstone Resort & Marina Boca Raton – a DoubleTree by Hilton. The refurbished 139-room hotel is only 300 yards from the Atlantic Ocean and ...

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Northstar and Chatham to Acquire Innkeepers Portfolio

Northstar and Chatham to Acquire Innkeepers Portfolio

PALM BEACH, Fla.–Cerberus Capital Management and Chatham Lodging Trust reached an agreement to sell their Innkeepers joint venture for $1.3 billion. Northstar Realty will acquire Cerberus Capital Management’s 89.7 percent interest in the joint venture, and Chatham will retain its ...

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