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Concord Hospitality Sells 13-Hotel Portfolio for $240M

Concord Hospitality Sells 13-Hotel Portfolio for $240M

RALEIGH, N.C.—Concord Hospitality Enterprises has announced the sale of a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. Concord will continue to operate the hotels under ...

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Carlson Rezidor Underlines Leading Position in Africa

Carlson Rezidor Underlines Leading Position in Africa

Carlson Rezidor holds the largest hotel pipeline in Africa with 30 hotels and 6,300 rooms under development, according to a W Hospitality Group survey. Carlson Rezidor Hotel Group develops and operates Radisson Blu in the upper upscale segment and Park ...

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Sean MacPherson’s Ludlow Hotel to Open in June

Sean MacPherson’s Ludlow Hotel to Open in June

NEW YORK CITY—New York hoteliers Sean MacPherson, Ira Drukier, and Richard Born are making their Lower East Side debut with a new 184-room hotel. The trio rescued a derelict building that had been abandoned by its original developers after the ...

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LHS Rebrands Three Wyndhams to Magnuson

LHS Rebrands Three Wyndhams to Magnuson

Magnuson Hotels has announced the complete rebranding of three hotels from Pensacola, Fla. All formerly franchised by Wyndham, the hotels have rebranded as the Magnuson Inn Pensacola, Magnuson Hotel Pensacola, and M-Star Pensacola. The hotels will upgrade their market position ...

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CEO Jim Amorosia on the Growth of Motel 6 and Studio 6

CEO Jim Amorosia on the Growth of Motel 6 and Studio 6

Jim Amorosia, CEO of Motel 6 and Studio 6, has his company midway through enacting an ambitious growth plan fueled by the Blackstone Group’s acquisition and subsequent investment. Along with rolling out a capital improvement program across the entire system, ...

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