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New Asbury Park Hotel Marks Start of Resurgence

New Asbury Park Hotel Marks Start of Resurgence

Asbury Park, N.J., has a storied history. Founded in 1871 by New York City broom manufacturer James A. Bradley, the 500 acres of shorefront property drew more than 600,000 vacationers annually in the city’s early years. For many years, the ...

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White Lodging Buys Indianapolis Marriott Downtown

White Lodging Buys Indianapolis Marriott Downtown

MERRILLVILLE, Ind.—The original developer of the Indianapolis Marriott Downtown closed last week on the purchase of the hotel, reacquiring a property it developed and opened more than 15 years ago. Affiliates of White Lodging Services Corporation and REI Investments purchased ...

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The Graham Hotel Georgetown Sells for $37 Million

The Graham Hotel Georgetown Sells for $37 Million

WASHINGTON, D.C.—Mast Capital and CBRE Hotels have announced the sale of The Graham Hotel Georgetown, a 57-room upscale boutique property located within the Georgetown Historic District. Since the hotel underwent a multi-million dollar renovation in 2013, its profitability has more ...

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Delaware North Acquires Sea Crest Beach Hotel

Delaware North Acquires Sea Crest Beach Hotel

BUFFALO, N.Y.—Delaware North, one of the largest privately held global hospitality and food service companies in the world, has expanded its portfolio of resorts into Massachusetts by acquiring the Sea Crest Beach Hotel on Cape Cod. Sea Crest Beach Hotel ...

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Ashford Completes $142 Million Sale

Ashford Completes $142 Million Sale

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has completed its previously-announced sale of 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 5-hotel portfolio is comprised of the ...

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