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Aloft South Beach Sells for $105 Million

Aloft South Beach Sells for $105 Million

JMH Development has sold the Aloft South Beach to Rockpoint Group for a total cost of $105 million, or $446,809 per key sale price. Acquired in 2004 and originally entitled as condos by Jason Halpern, founder and managing partner of ...

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AmericInn Signs Minnesota Hotel

AmericInn Signs Minnesota Hotel

BAXTER, Minn.—AmericInn, the largest mid-scale hotel brand in the upper Midwest, today announced that it is expanding yet again in 2016, this time into Baxter, Minn. with the signing of a new AmericInn at 7836 Fairview Road, Baxter Minnesota. The property ...

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With RLHC Acquisition, Vantage’s Model Will Remain the Same

The latest consolidation move in hospitality—this time, RLHC’s acquisition of Vantage Hospitality Group—will not alter the model Vantage has set forth since its founding in 1999. According to Hotel News Now, CEO Greg Mount says Vantage’s “freestyle lodging” approach that ...

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RLHC to Acquire Vantage Hospitality Group

RLHC to Acquire Vantage Hospitality Group

SPOKANE, Wash. and CORAL SPRINGS, Fla.—Red Lion Hotels Corporation, a growing hospitality company that operates and franchises upscale, midscale, and economy hotels, has announced it has entered into a definitive agreement to acquire the global brands and brand operations of ...

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Carey Watermark Investors 2 Buys Renaissance Atlanta Midtown

Carey Watermark Investors 2 Buys Renaissance Atlanta Midtown

NEW YORK—Carey Watermark Investors 2 Incorporated (CWI 2) announced that it has acquired the Renaissance Atlanta Midtown Hotel. The 21-story, full-service property includes 304 guestrooms and is located in the diverse and growing Midtown submarket of Atlanta, Ga. High-quality asset: ...

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APA Group to Introduce Urban Hotel Concept

Once APA Group closes on its $162.2 million acquisition of Vancouver-based Coast Hotels, the Japanese company plans to bring its original urban-style hotel concept to North America and expand through franchises, management contracts, and mergers and acquisitions. To read more, ...

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