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sbe Acquires Morgans Hotel Group

sbe Acquires Morgans Hotel Group

NEW YORK—sbe Founder and Chief Executive Officer Sam Nazarian today announced with partners Ron Burkle and Cain Hoy Enterprises the definitive closing of sbe’s acquisition of Morgans Hotel Group, a move that further expands its international footprint and solidifies its ...

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My Place Announces First Iowa Hotel

My Place Announces First Iowa Hotel

COUNCIL BLUFFS, Iowa—My Place Hotels of America is thrilled to announce that Council Bluffs will be home to Iowa’s first My Place HoteL. The new project began construction in November, and is anticipated to open in Q2 of 2017. The ...

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Wyndham Hotel Group Acquires Fën Hotels

Wyndham Hotel Group Acquires Fën Hotels

BUENOS AIRES, Argentina—Wyndham Hotel Group today announced its acquisition of Latin America’s leading Fën Hotels, adding 26 management contracts across Argentina, Peru, Costa Rica, Uruguay, Paraguay, Bolivia, and the U.S. including two new Fën-built Wyndham Grand hotels opening in Montevideo, ...

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CBRE Forecasts Mixed Levels of Success for Hotels in 2017

CBRE Forecasts Mixed Levels of Success for Hotels in 2017

ATLANTA—The 2017 outlook for U.S. hotels offers mixed blessings, with near record occupancy levels projected while average daily room rates (ADR) are expected to continue leveling off. According to the recently released December 2016 Hotel Horizons forecast report, CBRE Hotels’ ...

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Best Western Adds First Executive Residency in Africa

Best Western Adds First Executive Residency in Africa

NAIROBI, Kenya—Best Western Hotels & Resorts adds its first Executive Residency by Best Western in Africa to Kenya’s capital city Nairobi, Executive Residency by Best Western Nairobi. Executive Residency by Best Western is an upper-midscale brand with flexible spaces, stylish ...

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Mohegan Sun Opens Earth Tower

Mohegan Sun Opens Earth Tower

UNCASVILLE, Conn.—Mohegan Sun’s 400-room, 242,000-square-foot $139 million Earth Tower, celebrated its grand opening with a special ribbon cutting event. Mohegan Sun President and General Manager, Ray Pineault and Mohegan Tribal Chairman, Kevin Brown “Red Eagle” kicked the ceremony off by ...

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