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AccorHotels Officially Acquires FRHI Hotels & Resorts

AccorHotels Officially Acquires FRHI Hotels & Resorts

PARIS—Following the approval of shareholders at the General Shareholders Meeting on July 12, AccorHotels Group officially announces the acquisition of FRHI Hotels & Resorts (FRHI) and its three luxury hotel brands: Fairmont, Raffles, and Swissôtel. “Today is a great day ...

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Carey Watermark Acquires Le Méridien Arlington

Carey Watermark Acquires Le Méridien Arlington

NEW YORK—Carey Watermark Investors 2, Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Le Méridien Arlington. The hotel is part of a mixed-use development ...

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Pacific Hospitality Purchases Two AC Hotels

Pacific Hospitality Purchases Two AC Hotels

IRVINE, Calif.—PHG Hotel Fund I, an affiliate of Pacific Hospitality Group, has announced the purchase of AC Hotel Phoenix Tempe/Downtown in Tempe, Ariz. and AC Hotel Irvine in Irvine, Calif. from Woodbine Development Corporation and USAA. “We are excited to ...

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NewcrestImage Purchases Hyatt Place in Grapevine, Texas

NewcrestImage Purchases Hyatt Place in Grapevine, Texas

NewcrestImage has expanded its portfolio with the purchase of the 125-room, 6-floor Hyatt Place hotel in the Dallas suburb of Grapevine, Texas, located just three miles from the DFW International Airport. This becomes the company’s fourth Hyatt Place, joining hotels ...

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Provenance Hotel Partners Buys Old No. 77 Hotel

Provenance Hotel Partners Buys Old No. 77 Hotel

NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans. The seller was a partnership primarily comprised ...

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