SBE Forms Real Estate Development Business
LOS ANGELES—SBE, the Los Angeles-based hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs, announced the formation of an international real estate...
Starwood Sells Phoenician to Host Hotels & Resorts
STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. announced that it has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Ariz. to Host Hotels...
How to Deal: Leveraging Assets for Optimal Returns
The hotel business is attracting a lot of investment money and there’s a good reason for that. “The market fundamentals are as good as...
Carey Watermark Investors Acquires Ritz-Carlton Philadelphia
NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia...
Starwood Capital Acquires 50 Locations for InTown Suites Brand
GREENWICH, Conn.—Starwood Capital Group has announced that it has acquired a portfolio of 50 U.S. economy extended-stay locations from Mount Kellett Capital Management LP...
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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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