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Hotel Transactions Off to Slow Start in First Quarter

Despite some hefty mergers and acquisitions in the news recently, 2016’s transaction activity is off to a slow start. According to Lodging Econometrics’ latest U.S. Transactions Trend Report, there were 252 hotel transactions in Q1–the lowest volume recorded since Q3 ...

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Concord Hospitality Sells 13-Hotel Portfolio for $240M

Concord Hospitality Sells 13-Hotel Portfolio for $240M

RALEIGH, N.C.—Concord Hospitality Enterprises has announced the sale of a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. Concord will continue to operate the hotels under ...

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NYC’s Standard Hotel to Fetch $400 Million

NYC’s Standard Hotel to Fetch $400 Million

If hotel executives weren’t convinced that the lodging industry is back and beating pre-recession levels, maybe this news coming out of New York will give them more proof. The Wall Street Journal is reporting that the Standard Hotel, located in ...

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