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Six Things To Consider When Choosing a Franchise

Six Things To Consider When Choosing a Franchise

Choosing a franchise is no simple task. Hotel owners must consider everything from their targeted market segment to the status of the hospitality company with which they will be entering a long-term agreement. LODGING spoke with Michael Tall, president and ...

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Deal Roundup: CI Capital Acquires AlliedPRA, and More

Deal Roundup: CI Capital Acquires AlliedPRA, and More

An affiliate of New York-based private equity firm CI Capital Partners has acquired a majority interest in AlliedPRA, a destination management company, from UK private equity firm sector Core Capital Partners LLP. AlliedPRA’s management team still has significant equity ownership ...

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La Quinta Files Real Estate Spin-Off—CorePoint Lodging

La Quinta Files Real Estate Spin-Off—CorePoint Lodging

IRVING, Texas—La Quinta Holdings Inc. filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission for the planned separation of its real estate business, the newly-announced CorePoint Lodging Inc., from its franchise and management businesses, La Quinta. ...

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Mission Capital Arranges $15 Million Loan for Staybridge Suites Houston

Mission Capital Arranges $15 Million Loan for Staybridge Suites Houston

HOUSTON—Mission Capital Advisors has arranged a $15.26 million acquisition loan on behalf of Midas Hospitality to purchase the newly constructed Staybridge Suites Houston–Medical Center, a 120-key extended stay hotel. The Mission Capital team structured the recourse loan from IBERIABANK. The flagged property opened in ...

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Avison Young Hospitality Group Announces Nine Closings

Avison Young Hospitality Group Announces Nine Closings

ATLANTA—The Avison Young Hospitality Group announced that it has brokered nine hotel transactions in June, including one full-service hotel and eight select-service hotels. Marriott, IHG, and Choice franchise systems were notable hotel brands that the hospitality group helped close. Assets ...

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