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RLJ Lodging Trust Acquires Downtown Houston Hotels

RLJ Lodging Trust Acquires Downtown Houston Hotels

BETHESDA, Md.—RLJ Lodging Trust announced that it acquired the historic Humble Oil Building complex in downtown Houston, for a purchase price of $79.5 million, or approximately $151,000 per key. The Humble Oil Building is a three-tower complex that occupies an ...

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Paramount Hotel Group Signs Three New Management Contracts

Paramount Hotel Group Signs Three New Management Contracts

FAIRFIELD, N.J.— Paramount Hotel Group, an independent hotel management and ownership company, announced the launch of a new expansion initiative with the addition of three new management contracts. Company officials said that the growth is being fueled by relationships with ...

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Dual-branded Marriott Project Planned for Nashville

Dual-branded Marriott Project Planned for Nashville

NASHVILLE—Access Point Financial Inc., (APF) a direct full-service lending and advisory firm focused on the hospitality industry, announced it has provided first mortgage financing for a $37.5 million, 245-room dual-branded Marriott project located in the Midtown-West End district of Nashville, ...

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SpringHill Suites Hotel to Open in Corona, New York

CORONA, N.Y.—The 173-suite SpringHill Suites by Marriott in Corona, New York is scheduled to open this December. The SpringHill Suites New York LaGuardia Airport will operate as a Marriott franchise, owned by HBC Corona and managed by Urgo Hotels of ...

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