PMZ Realty Capital Arranges $32 Million Loan for Three-Hotel Portfolio in Georgia
NEW YORK — PMZ Realty Capital LLC announced the closing of a $32 million fixed-rate loan to refinance a three-property portfolio in Georgia. The...
Gradual Slowdown in U.S. Hotel Performance to Continue as Supply Outpaces Demand
MINNEAPOLIS—The U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022, according to CBRE Hotels Research’s latest report....
IHG Opens Crowne Plaza Kochi
DELHI, India—IHG (InterContinental Hotels Group) announced the opening of the Crowne Plaza Kochi. Inaugurated by the Ministers of the State and other dignitaries, the...
Second Quarter Hotel Performance Shows Healthy Growth Across Online Channels
NEW YORK—Second quarter hotel industry performance continued to strengthen with average daily rate (ADR) as the primary driver of revenue per available room (RevPAR)...
Ashford to Acquire Remington’s Project Management Division for $203 Million
DALLAS—Ashford Inc. announced that it has signed a definitive agreement to acquire the project management business of privately-held Remington Holdings, L.P. for a total...