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Milwaukee, where the Crowne Plaza Milwaukee West is located

Hospitality Properties Trust Acquires Crowne Plaza Milwaukee West

NEWTON, Mass.—Hospitality Properties Trust (HPT) has completed the purchase of the 198-room Crowne Plaza Milwaukee West for $30 million, or approximately $151,500 per key. The hotel will be added to HPT’s existing agreement with...
Chase Park Plaza Hotel

Chase Park Plaza Hotel Sold To Hospitality Properties Trust

NEW YORK–Cushman & Wakefield’s Global Hospitality Group announced that it represented Behringer Harvard Opportunity REIT I in the sale of the Chase Park Plaza Hotel in St. Louis to Hospitality Properties Trust. The Chase...
NHT Hospitality Trust and Condor Hospitality Trust logos

NexPoint Hospitality Trust and Condor Extend Closing of Merger

DALLAS and TORONTO — NexPoint Hospitality Trust (NHT) provided an update today on the previously announced acquisition of Condor Hospitality Trust, Inc. by NHT Operating Partnership, LLC, the Operating Partnership of NHT. NHT has...
Storm - economy

Is the Perfect Storm Brewing for Hospitality Properties?

At the end of 2019, prognosticators expressed cautious optimism about economic prospects for 2020. Economic fundamentals, such as an 11-year upward trend in the economy, continuing job growth that has brought a growing number...

Chesapeake Hospitality Assumes Management of Three New Properties

Greenbelt, Md. – Chesapeake Hospitality, a third-party hotel management company, has assumed management of three new properties: the Crowne Plaza Lake Placid in New York, Hyde Beach House in Hollywood Beach, Florida, and the...
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