Driftwood Hospitality Management Adds Two Houston Properties To Portfolio
MIAMI, Fla. — Driftwood Hospitality Management (DHM), a North Palm Beach-based hotel management company, has purchased the 480-room Hilton Houston North and 390-room Marriott...
How Carbon Lighthouse Profitably Reduces the Carbon Footprint of Commercial Real Estate
Brenden Millstein, CEO and co-founder of Carbon Lighthouse, is undeniably a smart guy. He earned a bachelor’s degree in physics from Harvard and an...
Braemar To Acquire The Ritz-Carlton Lake Tahoe for $120 Million
DALLAS—Braemar Hotels & Resorts Inc. has entered into a definitive agreement to acquire the 170-room Ritz-Carlton Lake Tahoe in Truckee, California. In addition, the...
Third-Tier Growth Spurt
With suburban hotel performance surpassing the growth rate for urban properties, many hoteliers are turning to secondary and tertiary markets to meet the demand...
MCR and BLT Joint Venture Close $647.5 Million Portfolio Financing for 53 Hotels
NEW YORK—A joint venture of MCR and Building and Land Technology (BLT) has completed a $647.5 million financing across a 5,958-guestroom national portfolio of...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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