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Enchantment Group Expands to the Caribbean

Enchantment Group Expands to the Caribbean

SCOTTSDALE, Ariz.—Enchantment Group, a hospitality management company focused on resort destinations, announced today that, with their partners, they have acquired The Cove, a luxury beachfront resort on the Bahamian island of Eleuthera, from New Orleans-based businessman Sidney D. Torres, IV ...

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LaSalle Hotel Properties Acquires Heathman Hotel in Portland

LaSalle Hotel Properties Acquires Heathman Hotel in Portland

BETHESDA, Md.—LaSalle Hotel Properties has acquired The Heathman Hotel in Portland, Ore., for $64.3 million. The company funded the acquisition with cash on hand. Surrounded by corporate and leisure demand generators, the 150-room hotel is located in downtown Portland among ...

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Ashford Completes Acquisition of Fremont Marriott Silicon Valley

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45 percent below estimated replacement cost. The transaction was funded ...

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