RAR Hospitality Assumes Management of Three Independent Hotels
SAN DIEGO—RAR Hospitality has taken over the management of three properties: Wave Hotel and Crimson Hotel in Manhattan Beach of Los Angeles County and...
sbe Partners With Accor To Launch The House of Originals Luxury Collection
NEW YORK—Developer, manager, and operator of global hospitality brands sbe has launched a new luxury global brand, The House of Originals, in partnership with...
RLH Corporation Creates Subsidiary for Technology Innovation—RLabs
DENVER—RLH Corporation announced the creation of a new subsidiary, RLabs, Inc. RLabs was formed to be a travel technology-based innovator that houses and builds...
Why Private Equity Firms Are Buying Boutique Hotels
In January 2017, Alvotel purchased the historic Gran Hotel de Sóller on the Spanish island of Mallorca for 10 million Euros. Built in the late...
Preferred Hotels & Resorts Launches ‘I Prefer Alliance’ Loyalty Platform for Independent Hotels
Preferred Hotels & Resorts has launched I Prefer Alliance, a new loyalty platform that allows independent hotels and regional hotel brands to extend full...
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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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