Banyan Investment Group Completes Sale of Holiday Inn Express Bluffton @ Hilton Head Area
BLUFFTON, South Carolina—Banyan Investment Group (BIG) announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in...
Financing in an ‘Unfinanceable World’
Throughout the first three quarters of 2022, the capital markets, in general, have deteriorated, and the market for hospitality financing has cratered. While this...
CL Hotels Closes Acquisition of Coachman Hotel, Names Aimbridge’s Evolution Lifestyle Division as Operator
MIAMI—CL Hotels announced it has closed the acquisition of Coachman Hotel, a 104-room boutique property, located in South Lake Tahoe, California.
“The acquisition of Coachman...
EJC HOTELS Announces First Joint Acquisition in Newark, New York
NEWARK, NEW YORK—EJC HOTELS, LLC, a recently formed New York-based hotel/resort property ownership and management group, announced its first joint acquisition, the former Newark...
Taconic and HEI Acquire Hyatt Regency Jersey City
NEW YORK—Taconic Capital Advisors LP and HEI Hotels & Resorts announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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