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Ten-X Closes on $190 Million in Assets in First Quarter

Ten-X Closes on $190 Million in Assets in First Quarter

IRVINE AND SILICON VALLEY, CALIF.—Ten-X announces its hospitality division has closed on 50 assets totaling $190 million from January 2016 through May 2016 on the on the Ten-X Commercial online platform. The Ten-X hospitality division’s momentum follows a record-setting 2015, ...

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The Graham Hotel Georgetown Sells for $37 Million

The Graham Hotel Georgetown Sells for $37 Million

WASHINGTON, D.C.—Mast Capital and CBRE Hotels have announced the sale of The Graham Hotel Georgetown, a 57-room upscale boutique property located within the Georgetown Historic District. Since the hotel underwent a multi-million dollar renovation in 2013, its profitability has more ...

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Delaware North Acquires Sea Crest Beach Hotel

Delaware North Acquires Sea Crest Beach Hotel

BUFFALO, N.Y.—Delaware North, one of the largest privately held global hospitality and food service companies in the world, has expanded its portfolio of resorts into Massachusetts by acquiring the Sea Crest Beach Hotel on Cape Cod. Sea Crest Beach Hotel ...

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R.D. Olson Breaks Ground on Residence Inn Goleta

R.D. Olson Breaks Ground on Residence Inn Goleta

IRVINE,Calif.—R.D. Olson Development in partnership with Joseph Martelli Real Estate Investments broke ground on its latest hotel development, the 118-room Residence Inn by Marriott Goleta at 6350 Hollister Avenue in Goleta, Calif. Executives from R.D. Olson Development, Joseph Martelli Real ...

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2015 Operating Performance Showed Growth, But Slowing

2015 Operating Performance Showed Growth, But Slowing

Every eight to ten years, two things occur in the U.S. lodging industry—a performance cycle comes full circle and revisions to the Uniform System of Accounts for the Lodging Industry (USALI) are implemented. Both of these factors influenced the information ...

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Extended-Stay Consistently Outperforming Other Tiers

Extended-Stay Consistently Outperforming Other Tiers

As the U.S. lodging industry continues to post healthy results, it is worth examining some niche products and their performance. Many extended-stay chains are now offering their guestsrooms with a full kitchen and, often, silverware and dishware that allow them ...

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