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Radisson at Star Plaza Closing for New Complex

Radisson at Star Plaza Closing for New Complex

Merrillville, Ind.—The Radisson at Star Plaza and the adjacent Star Plaza Theatre complex, which has been an icon of the Merrillville community and Northwest Indiana for decades, will be permanently closing its doors in the coming months to make way ...

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Fitch: As U.S. Hotels Peak, CMBS Wearily Watched

Fitch: As U.S. Hotels Peak, CMBS Wearily Watched

The days of strong RevPAR growth and occupancy rates are over for U.S. hotels, which could impair loan performance for CMBS as interest rates rise, according to the latest video in Fitch Ratings’ Virtual Investor Series. While Fitch maintains a ...

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HVMG Acquires Two Hotels for $50 Million

HVMG Acquires Two Hotels for $50 Million

ATLANTA, Ga.—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, has announced it has formed a joint venture with True North Management Group of White Plains, N.Y., to acquire the 282-room Marriott Century Center in Atlanta, ...

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Courtyard by Marriott Opens in Spring, Texas

Courtyard by Marriott Opens in Spring, Texas

SPRING, Texas—Woodbine Development Corporation and InterMountain Management are pleased to announce the opening of a new 125-room Courtyard by Marriott in Spring, Texas. The hotel is located in the new community of Springwoods Village, a 2,000-acre planned community situated just ...

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A ‘BIT’ About Protecting Foreign Investments

A ‘BIT’ About Protecting Foreign Investments

Investing abroad may present lucrative opportunities in the form of new markets and customers. Hospitality companies, however, often face unique challenges when doing business abroad. For example, in 2009, Venezuelan President Hugo Chavez ordered the expropriation of a Hilton-run hotel ...

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