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Extended Stay America Sells 25 Hotels to Three Wall Capital

Extended Stay America Sells 25 Hotels to Three Wall Capital

CHARLOTTE, N.C.—Extended Stay America, Inc. and ESH Hospitality, Inc. completed the sale of 25 Extended Stay America (ESA) hotels to an affiliate of Three Wall Capital, LLC. Extended Stay America, Inc. will continue to manage the 25 ESA hotels over a 20-year contract. ...

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Interstate and White Lodging Close Management Acquisition Deal

Interstate and White Lodging Close Management Acquisition Deal

ARLINGTON, Va.—Interstate Hotels & Resorts has closed a deal—first announced in December 2017—to acquire the management agreements for 82 premium-branded, select- and full-service hotels, plus one restaurant, from White Lodging. The deal is effective January 24, 2018. “A transaction of ...

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HVMG Sells Embassy Suites Atlanta–Galleria

HVMG Sells Embassy Suites Atlanta–Galleria

ATLANTA—Hospitality Ventures Management Group (HVMG)—an Atlanta-based, private hotel investment, ownership, and management company—announced it has sold the 261-suite Embassy Suites by Hilton Atlanta-Galleria to an unaffiliated third party and retained management of the property. “Having owned and operated the Embassy ...

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HAMA Names 2018 Board of Directors

HAMA Names 2018 Board of Directors

ATLANTA, Ga.—Officials of the Hospitality Asset Managers Association (HAMA) today announced their new board of directors for 2018. Recently appointed at the group’s semi-annual conference, the new members include: CHMWarnick’s Maxine Taylor as president Three Wall Capital’s Tim Dick as ...

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PM Hotel Group to Manage DoubleTree by Hilton in Wilmington

PM Hotel Group to Manage DoubleTree by Hilton in Wilmington

WASHINGTON, D.C.—Hotel management company PM Hotel Group has signed a management contract to operate the 244-room DoubleTree by Hilton Hotel Wilmington, Del. The Buccini/Pollin Group, a privately held, full-service real estate acquisition, development, and management company, acquired the hotel in ...

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HP Hotels Adds Best Western Plus Fort Lauderdale To Portfolio

HP Hotels Adds Best Western Plus Fort Lauderdale To Portfolio

Birmingham, Ala.—HP Hotels, a full-service third-party hotel management company, announced that it has been awarded the management contract for the 155-room Best Western Plus Dania Beach, Fla. The property is owned by IRAS Group. Charles Oswald, HP Hotels president and ...

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