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AC Hotel Gainesville Hits Construction Milestone

AC Hotel Gainesville Hits Construction Milestone

GAINESVILLE, Fla.—Concord Hospitality, operator of the AC Hotel by Marriott Gainesville, today announced that the project has reached a major construction milestone. Roughly twelve months after construction began, hotel development has reached the 10th floor, with a grand opening scheduled ...

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JW Marriott Phu Quoc, Emerald Bay Opens

JW Marriott Phu Quoc, Emerald Bay Opens

BETHESDA, Md.—JW Marriott Hotels & Resorts, part of Marriott International, has announced the opening of JW Marriott Phu Quoc, Emerald Bay. Located on Vietnam’s largest island of Phu Quoc, a hidden paradise off the southern coast of Vietnam, and designed ...

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Best Western’s Pipeline Nears 500 Properties

Best Western’s Pipeline Nears 500 Properties

BERLIN—Best Western Hotels & Resorts today revealed a development pipeline of close to 500 properties, placing a strong focus on key international markets. The company currently has 239 international locations underway and another 224 in North America—60 percent of which ...

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Lingerfelt CommonWealth Acquires Dual-Branded Hilton

Lingerfelt CommonWealth Acquires Dual-Branded Hilton

RICHMOND, Va.—Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Va.-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Fla. The premium branded select-service and extended-stay hotel ...

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Nobu Hotels to Make European Debut in England

Nobu Hotels to Make European Debut in England

Opening in June 2017, located in the heart of London’s artistic quarter, Nobu Hotel Shoreditch is the first European hotel from the internationally renowned Nobu Hotels brand. The hotel’s 143 guest rooms and 7 suites offer a tranquil escape from ...

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Fairmont Newport Beach Sells for $125 Million

Fairmont Newport Beach Sells for $125 Million

ALISO VIEJO, Calif.—Sunstone Hotel Investors has announced the sale of the 444-room Fairmont Newport Beach for a contractual gross sale price of $125.0 million, or approximately $281,500 per key. The sale price of $125.0 million represents a 16.0x multiple on ...

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