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Loews Purchases InterContinental Chicago O’Hare Hotel

Loews Purchases InterContinental Chicago O’Hare Hotel

NEW YORK CITY—Loews Hotels & Resorts has entered into an agreement to purchase the 556-room InterContinental Chicago O’Hare Hotel. The acquisition is expected to close in late July. The InterContinental Chicago O’Hare will be the second hotel for Loews in ...

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Pebblebrook Hotel Trust Acquires the Prescott Hotel

Pebblebrook Hotel Trust Acquires the Prescott Hotel

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Prescott Hotel for $49 million. The 160-room hotel is located in the heart of Union Square in San Francisco, Calif. The property will continue to be managed by Kimpton Hotels & Restaurants. “We’re ...

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Classic Hotels & Resorts Acquires Laguna Cliffs Inn

Classic Hotels & Resorts Acquires Laguna Cliffs Inn

Phoenix, Ariz.—Classic Hotels & Resorts has acquired The Laguna Cliffs Inn located in Laguna Beach, Calif. The boutique property is the newest addition to Classic Hotels & Resorts California Coastal Collection, which currently includes The Inn at Laguna Beach (also ...

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Trigild and Blu Hotel Investors Acquire Second Hotel

Trigild and Blu Hotel Investors Acquire Second Hotel

SAN DIEGO—Expanding their Southern California hotel portfolio, San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have completed the $16.5 million acquisition of the three-story, 100-room Holiday Inn Express Hotel & Suites in Santa Cruz. Trigild, a real estate services ...

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