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Ashford Hospitality Trust Acquires Minneapolis Hotels

Ashford Hospitality Trust Acquires Minneapolis Hotels

Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to acquire two Minneapolis hotels, the 229-room W Minneapolis Hotel—The Foshay, and the 60-room Le Meridien Chambers Minneapolis hotel, for total consideration of $101 million in cash. As ...

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SBE Forms Real Estate Development Business

SBE Forms Real Estate Development Business

LOS ANGELES—SBE, the Los Angeles-based hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs, announced the formation of an international real estate development subsidiary, Dakota Development. The Dakota team, which has developed more than 80 projects for SBE, ...

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Starwood Sells Phoenician to Host Hotels & Resorts

Starwood Sells Phoenician to Host Hotels & Resorts

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. announced that it has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Ariz. to Host Hotels & Resorts for $400 million. Under Host’s ownership, The Phoenician will undergo a complete renovation. Starwood ...

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Carey Watermark Acquires Dual-Branded Hilton Property

Carey Watermark Acquires Dual-Branded Hilton Property

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta, Ga. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. ...

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