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Ashford Acquires W Atlanta Downtown for $56.8 Million

Ashford Acquires W Atlanta Downtown for $56.8 Million

Ashford Hospitality Trust has completed the previously-announced acquisition of the 237-room W Atlanta Downtown hotel for total consideration of $56.8 million ($239,000 per key). The purchase price represents an estimated forward 12-month cap rate of 7.2 percent on net operating ...

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W Reveals Renovation of W Chicago – Lakeshore

W Reveals Renovation of W Chicago – Lakeshore

CHICAGO—W Hotels Worldwide and Chesapeake Lodging Trust have unveiled the full-scale, $38 million renovation of W Chicago – Lakeshore, which combines the energy of the ‘Windy City’ with the waters of Lake Michigan. The only hotel located on Lake Shore ...

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W Hotels to Make Dutch Debut

W Hotels to Make Dutch Debut

AMSTERDAM—Starwood Hotels and Resorts Worldwide announced it will debut its W Hotels brand in the Netherlands with the new W Amsterdam, scheduled to open in Autumn 2015. Owned by STAG Europe (Grafenau) BV, the hotel will be located on the ...

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W Hotels Opens 45th Hotel

W Hotels Opens 45th Hotel

CANNES, France—From the 12th annual International Luxury Travel Market (ILTM), W Hotels Worldwide announced the opening of its 45th hotel and first ever-ski retreat, W Verbier. The brand is on track to reach more than 60 hotels by 2017. “The ...

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W Hotels to Debut Alpine Design in Switzerland

W Hotels to Debut Alpine Design in Switzerland

VERBIER, Switzerland—W Hotels Worldwide, part of Starwood Hotels and Resorts will make its debut in Switzerland on in December with the opening of W Verbier and The Residences at W Verbier. Owned by Les Trois Rocs, the W brand’s first ...

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