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Best Western Acquires Sweden Hotels

Best Western Acquires Sweden Hotels

Phoenix, Ariz.—Best Western Hotels & Resorts announced that the company has added to its global portfolio Sweden Hotels–one of Scandinavia’s largest hotel groups. As a result of the acquisition, Best Western Hotels & Resorts is now the largest hotel brand ...

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Columbia Hospitality Acquires Seattle-Based Coastal Hotels

Columbia Hospitality Acquires Seattle-Based Coastal Hotels

SEATTLE—Seattle-based hospitality management and consulting company Columbia Hospitality has announced the purchase of six management agreements and other assets from Coastal Hotels, a privately held hospitality management company also based in Seattle. The acquisition will take effect on May 1, ...

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RLJ Lodging and FelCor to Merge into a $7 Billion REIT

RLJ Lodging and FelCor to Merge into a $7 Billion REIT

BETHESDA, Md. – RLJ Lodging Trust and FelCor Lodging Trust Incorporated announced a merger agreement under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. The merger will create the third largest pure-play ...

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MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development Acquires 18-Hotel Portfolio for $206M

MCR Development has acquired a portfolio of 18 Marriott and Hilton hotels for approximately $206 million. Collectively, the portfolio represents 1,787 rooms across 11 states in growing cities including Charlotte, Savannah, Cincinnati, Tulsa, and San Antonio. The portfolio has an ...

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