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Two-Property Hotel Portfolio Sold in Grapevine, Texas

Two-Property Hotel Portfolio Sold in Grapevine, Texas

GRAPEVINE, Texas–Marcus & Millichap, a commercial real estate investment services firm, has announced the sale of a two-property, 190-room hotel portfolio in Grapevine, Texas, in the Dallas/Fort Worth area. The properties are a 94-room Hampton Inn & Suites and a ...

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Wyndham to Sell European Vacation Rental Business

Wyndham to Sell European Vacation Rental Business

PARSIPPANY, N.J.—Wyndham Worldwide Corporation today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to Platinum Equity for approximately $1.3 billion. In conjunction with the sale, the European vacation rental business ...

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Wyndham To Convert 46 AHIP Hotels

Wyndham To Convert 46 AHIP Hotels

PHOENIX, Ariz.–Wyndham Hotel Group announced an agreement with American Hotel Income Properties REIT Inc. (AHIP) to convert 44 existing hotels across the U.S. to Wyndham’s Baymont Inn & Suites, Travelodge, and Super 8 brands. AHIP has also newly acquired two ...

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Six Qualities to Look for in a Hotel Broker

Six Qualities to Look for in a Hotel Broker

Peter Nichols is vice president and national director of the Hospitality Group at Marcus & Millichap, a real estate brokerage firm. Nichols says that when looking for qualities in a hotel broker, start with an excellent knowledge of the market, and consider these six other “musts.” 1. An exceptional ...

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A Word from Gary Gray of Twenty Four Seven Hotels

A Word from Gary Gray of Twenty Four Seven Hotels

In January, Gary Gray was named chief investment officer of Newport Beach, Calif.-based Twenty Four Seven Hotels. Gray, who brought to his new position years of experience in the industry, shared with LODGING how much he enjoys the many aspects of ...

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