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Charlestowne Hotels Reports Record RevPAR and Growth

Charlestowne Hotels Reports Record RevPAR and Growth

Charleston, S.C.—Charlestowne Hotels announced that in 2017, the full-service hospitality management company increased its RevPAR by 6 percent—doubled the national RevPAR average for the seventh consecutive year—and added 10 new properties, growing its porfolio by 20 percent. The company ended the ...

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Insights From ALIS: Checking In With Andrea Foster

Insights From ALIS: Checking In With Andrea Foster

Milwaukee-based hotel management company Marcus Hotels & Resorts has been using this long period of industry growth and stability to tap into unique markets and expand the company’s reach, especially with projects in its own backyard. Andrea Foster, senior vice ...

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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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