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Lingerfelt CommonWealth Acquires Dual-Branded Hilton

Lingerfelt CommonWealth Acquires Dual-Branded Hilton

RICHMOND, Va.—Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Va.-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Fla. The premium branded select-service and extended-stay hotel ...

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Nobu Hotels to Make European Debut in England

Nobu Hotels to Make European Debut in England

Opening in June 2017, located in the heart of London’s artistic quarter, Nobu Hotel Shoreditch is the first European hotel from the internationally renowned Nobu Hotels brand. The hotel’s 143 guest rooms and 7 suites offer a tranquil escape from ...

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The James New York-NoMad to Open This Summer

The James New York-NoMad to Open This Summer

NEW YORK—The James Hotels announces The James New York-NoMad opening summer 2017. The launch of the property marks a key moment in the evolution of the brand, beginning with the opening of The James West Hollywood-Sunset in May 2017. The ...

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The Rising Cost of Rooms

The Rising Cost of Rooms

Changes in rooms revenue per available room (RevPAR) and RevPAR penetration receive a lot of attention from hotel managers. Obviously, this is because renting guestrooms is the major source of revenue across all property types in the United States. According ...

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Ashford Hospitality Trust Proposes to Acquire FelCor

Ashford Hospitality Trust Proposes to Acquire FelCor

DALLAS—Ashford Hospitality Trust, a real estate investment trust focused on investing in the hospitality industry in upper upscale, full-service hotels, announced today that it has submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 ...

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Concord to Open Pittsburgh’s First Autograph Hotel

Concord to Open Pittsburgh’s First Autograph Hotel

PITTSBURGH—Concord Hospitality has announced that it plans to open Pittsburgh’s first Autograph Collection Hotel in the heart of the Oakland neighborhood. Construction began on the 167-room property, The Oaklander Hotel, last month. The development team is led by Oakland Fifth ...

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