Angevin & Co. and GBX Group Purchase The Whitney Hotel
NEW ORLEANS—Following the purchase of The Frenchmen Hotel in June 2021, entrepreneur Robert Thompson’s hospitality firm, Angevin & Co., in partnership with GBX Group,...
Sheraton Old San Juan Acquired by Driftwood Capital
MIAMI—Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform for the hospitality industries, has acquired the Sheraton Old San Juan,...
The Return of Incentive Management Fees: Payments to Operators Began Reaching Pre-COVID Levels Last...
Most management contracts include an incentive management fee in addition to the base management fee. The incentive fees are designed to make management more...
The Cost of COVID-19: Owners Face a Severe Hit to Their Fiscal Health
The COVID-19 virus has had an extreme negative impact on the U.S. lodging industry. According to CBRE’s June 2020 edition of Hotel Horizons, lodging...
Rockbridge Acquires Hilton at The Arch in Downtown St. Louis
Columbus, Ohio–Rockbridge announced their acquisition of the historic Hilton at The Arch hotel in downtown St. Louis, Missouri. The 195-room hotel will be managed...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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