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Adaptive Reuse Project in Atlanta to Include Hotel Indigo

Adaptive Reuse Project in Atlanta to Include Hotel Indigo

ATLANTA–Portman Holdings has purchased a 414,768-square-foot office tower in downtown Atlanta. The 50-year-old building was first developed as an office building by Portman in 1965 as part of the Peachtree Center mixed-use development. Renovation will commence immediately to convert the ...

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Marriott Completes Acquisition of Protea Hospitality

Marriott Completes Acquisition of Protea Hospitality

BETHESDA, Md., and Cape Town—Marriott International has become the largest hotel company in Africa according to published information, and has nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as ...

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Starwood Capital Group Acquires Principal Hayley Group

Starwood Capital Group Acquires Principal Hayley Group

GREENWICH, Conn.—Starwood Capital Group, a private investment firm, announced that an investment fund affiliated with Starwood has acquired Principal Hayley Group, a collection of 23 city-center hotels and training venues across the UK and Europe. Terms of the transaction were ...

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RLJ Lodging Trust Acquires Embassy Suites Boston/Waltham

BETHESDA, Md.—RLJ Lodging Trust (the “Company”) announced that it acquired the 275-room Embassy Suites Boston/Waltham (the “Hotel”), through an off-market transaction, for a purchase price of $64.5 million, or approximately $235,000 per key. The purchase price represents a forward capitalization ...

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