Ashford Hospitality Prime Acquires Ritz-Carlton Sarasota
Ashford Hospitality Prime entered into a definitive agreement to acquire the 266-room Ritz-Carlton Sarasota in Sarasota, Fla. for $171 million ($643,000 per key). To...
A Closer Look at Three of 2017’s Biggest Hospitality Deals
As the old adage goes, patience is a virtue—a virtue that Wyndham Hotel Group exhibited in the acquisition of the Minnesota-based AmericInn brand—one of...
Wyndham to Sell European Vacation Rental Business
PARSIPPANY, N.J.—Wyndham Worldwide Corporation today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to...
Buccini/Pollin Group Acquires Hilton Melbourne Rialto Place in Florida
Washington, D.C.—The Buccini/Pollin Group (BPG), a privately held, full-service real estate acquisition, development and management company, has acquired the 238-room Hilton Melbourne Rialto Place...
Choice Completes WoodSpring Suites Acquisition
ROCKVILLE, Md.—Choice Hotels completed its acquisition of WoodSpring Suites' brand and franchise business for $231 million. First announced in December 2017, the deal adds nearly...
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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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