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The MC Hotel to Join Autograph Collection

The MC Hotel to Join Autograph Collection

MONTCLAIR, N.J.—The Pinnacle Companies, in a joint venture with The Hampshire Companies and investment partner Circle Squared Alternative Investments, announced the groundbreaking of “The MC” hotel, the first full-service hotel to open in Montclair since the Hotel Montclair closed in ...

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Le Méridien to Open in Fort Lauderdale

Le Méridien to Open in Fort Lauderdale

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. has announced that its Parisian-born Le Méridien brand will open in Dania Beach, Fort Lauderdale, in partnership with owner and U.S. real estate developer Charles S. Cohen. Le Méridien Fort Lauderdale Airport will ...

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Ritz-Carlton Makes Hungary Debut

Ritz-Carlton Makes Hungary Debut

CHEVY CHASE, Md.—The Ritz-Carlton Hotel Company revealed its first hotel in Hungary, with the opening of The Ritz-Carlton, Budapest. Located in the heart of the cultural and shopping district, the property is on the doorstep of Budapest’s historic sites and ...

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Oxford Capital Sells $315 Million LondonHouse Chicago

Oxford Capital Sells $315 Million LondonHouse Chicago

CHICAGO—An Oxford Capital Group-led venture with Angelo, Gordon today announces the $315 million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany’s Union Investment Real Estate. Scheduled to ...

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Ashford Hospitality Trust Sells $142 Million Portfolio

Ashford Hospitality Trust Sells $142 Million Portfolio

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The portfolio is comprised of ...

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Hotel Equities Breaks Ground on Fairfield Inn in Texas

Hotel Equities Breaks Ground on Fairfield Inn in Texas

ATLANTA, Ga.—Atlanta-based Hotel Equities and Scenic Capital Advisors broke ground on the new-build Fairfield Inn & Suites by Marriott at 351 Market Center Drive in Terrell, Texas on April 7, 2016. Hotel Equities serves as the management company for the ...

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