Tucson Developers Partner to Buy Ritz-Carlton, Dove Mountain
TUCSON, Ariz.—David Mehl of Cottonwood Properties and Humberto S. Lopez of HSL Properties have announced the formation of a new partnership that has completed...
Pacific Hospitality Purchases Two AC Hotels
IRVINE, Calif.—PHG Hotel Fund I, an affiliate of Pacific Hospitality Group, has announced the purchase of AC Hotel Phoenix Tempe/Downtown in Tempe, Ariz. and...
Hawkeye Hotels Buys Hotel Modern
NEW ORLEANS—The independent boutique hotel known as Hotel Modern has been sold to Hawkeye Hotels, a privately held hotel group headquartered in Iowa City,...
NewcrestImage Purchases Hyatt Place in Grapevine, Texas
NewcrestImage has expanded its portfolio with the purchase of the 125-room, 6-floor Hyatt Place hotel in the Dallas suburb of Grapevine, Texas, located just...
Provenance Hotel Partners Buys Old No. 77 Hotel
NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the...
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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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