Legendary Capital Sponsors Holiday Inn Express & Suites Wichita Airport Acquisition
FARGO, North Dakota—Legendary Capital has sponsored the acquisition of the 84-room Holiday Inn Express & Suites Wichita Airport in a $ 7.4 million transaction....
STR: Favorable Calendar Shift Boosts Weekly Hotel Performance
HENDERSONVILLE, Tennessee—U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019 on the favorable side of a holiday...
ERES Companies Announces Completed Sale of Element 29 Hotel
COPPER MOUNTAIN, Colorado—ERES Companies (ERES) announced the completed sale of the Element 29 Hotel in Copper Mountain, Colorado. Built in 2021, the Element 29...
Braemar Hotels & Resorts Closes on Mortgage Loan for Four Seasons Resort Scottsdale at...
DALLAS—Braemar Hotels & Resorts Inc. has closed on a mortgage loan for the 210-room Four Seasons Resort Scottsdale at Troon North in Scottsdale, Arizona....
Marcus & Millichap Announces Two-Property Hotel Portfolio Sale
PORT ARTHUR—Marcus & Millichap announced the sale of a two-property, 188-room hospitality portfolio in Port Arthur, Texas. The assets are the 92-room Holiday Inn...
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Order in the Court: NLRB’s Proposed ‘Joint Employer’ Rule Has Been Blocked—For Now
The franchise business model is the greatest path for successful entrepreneurship in American history and has paved the way for tens of thousands of...
Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update
DALLAS, Texas—Ashford Hospitality Trust, Inc. announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million...
Lodging Econometrics: Dallas Continues to Lead U.S. Construction Pipeline
The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets...
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