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Ashford Closes on SpringHill Suites Gaithersburg

Ashford Closes on SpringHill Suites Gaithersburg

DALLAS—Ashford Hospitality Trust has announced that it has closed on the sale of the 162-room SpringHill Suites Gaithersburg in Gaithersburg, Md. for approximately $13.2 million ($81,000 per key). The purchase price for the SpringHill Suites Gaithersburg represents a trailing 12-month ...

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Investors Cautiously Optimistic About African Hotels

Investors Cautiously Optimistic About African Hotels

KIGALI, Rwanda—Investor sentiment for hotels in Sub-Saharan Africa remains positive despite economic headwinds in key markets, according to the latest JLL research into the sector. The long-term outlook continues to be strong and is driven by positive economic, demographic and ...

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Hoteliers Finding Opportunities in Student Housing

Hoteliers Finding Opportunities in Student Housing

Ask any group of people about their college dorm experiences, and you’ll probably get similar answers—living on campus was loads fun, but the dorms themselves were small, outdated, and desperately in need of some TLC. However, a new trend in ...

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Hunter Hotel Advisors Closes on Sale of Fairfield Austin

Hunter Hotel Advisors Closes on Sale of Fairfield Austin

ATLANTA—Hunter Hotel Advisors announced today that their Los Angeles office represented Calif.-based Excel Hotel Group and the purchaser in the sale of the Fairfield Inn & Suites Austin Northwest in Austin, Texas. Built in 2014, the four-story hotel was purchased ...

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Hunter Hotel Advisors Closes on Embassy Suites Baltimore

Hunter Hotel Advisors Closes on Embassy Suites Baltimore

ATLANTA—Hunter Hotel Advisors announced that they represented an institutional investor in the sale of the Embassy Suites by Hilton Hunt Valley Baltimore for $20 million. The new owner plans to spend over $6 million to completely renovate the 223-suite hotel ...

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Hersha Hospitality Trust to Sell $185 Million Portfolio

Hersha Hospitality Trust to Sell $185 Million Portfolio

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has entered into a definitive agreement to sell a 5-hotel suburban portfolio totaling 757 rooms for $185 million, or $244,000 per key. “The sale of this ...

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