Legendary Capital Sponsors Fairfield Inn & Suites Denver Southwest Lakewood Acquisition
FARGO, North Dakota—Legendary Capital has sponsored the acquisition of the 142-room Fairfield Inn & Suites Denver Southwest Lakewood in a $19.4 million transaction. The...
Verakin Capital Completes Minority Investment in a Three-Hotel Portfolio
SAN MATEO, California—Officials of Verakin Capital announced that the company has completed a minority investment in a three-hotel portfolio at an undisclosed amount. This...
Making the Deal: How Market Conditions Will Impact Hotel Transactions in 2022
In the two years since the COVID-19 pandemic prompted shutdowns and a slowdown in business across the United States, hotel transaction volume has recovered...
JLL Hotels & Hospitality Retained to Recapitalize L.A. LIVE Hotels
LOS ANGELES — JLL’s Hotels & Hospitality Group announced that in contemplation of a major expansion of the J.W. Marriott hotel at L.A. LIVE,...
Repositioning for Recovery: Deciding Factors When Determining a Hotel Brand or Flag Change
COVID-19 has created a myriad of troubles for hotel owners—and sometimes trouble means opportunity. As the industry slowly rebounds, savvy owners may see this...
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Atypical Approach: CEO Murray Sets Up Sonesta for Growth With Unique Franchising Formula
For Sonesta International Hotels Corporation, 2024 has been a year of significant progress, ranging from robust distribution growth throughout its multi-brand portfolio to the...
RIU Hotels & Resorts Offers Upgrade’s Flex Pay Solution
RIU Hotels & Resorts announced it's offering Upgrade's Flex Pay Book Now Play Later Options to its guests. RIU, which is owned by the Riu...
Hyatt and Grupo Piñero Enter Long-Term Joint Venture
CHICAGO, Illinois, and PALMA DE MALLORCA, Spain—Hyatt Hotels Corporation announced the completion of an agreement for affiliates of Hyatt and Grupo Piñero to enter...
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