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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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Sessa Sends Letter to Ashford Hospitality Prime Shareholders

Sessa Sends Letter to Ashford Hospitality Prime Shareholders

NEW YORK—Sessa Capital (Master), L.P. (Sessa), owner of 8.2 percent of the outstanding common shares of Ashford Hospitality Prime, Inc. (Ashford Prime or the company) today sent the following letter to Ashford Prime shareholders in response to the company’s termination ...

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