TownePlace Suites Knoxville Cedar Bluff Changes Hands
ATLANTA, Georgia—Hunter Hotel Advisors ("HUNTER") today announced the successful sale of the TownePlace Suites Knoxville Cedar Bluff. A local investor purchased the property on...
JLL Announces Acquisition Closing of Atlanta and Memphis-Area Hotels
ATLANTA—JLL Capital Markets announced on behalf of Woodvale Opportunity Fund I the closing of a $25 million acquisition of the Southaven Marriott Portfolio, and the...
NexGen Hotels Acquires Fairfield Inn & Suites Fort Lauderdale Northwest
TAMARAC, Florida—NexGen Hotels announced the acquisition of the Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest. Located in Tamarac, Florida, the 120-room hotel...
HHP Acquires Dual-Branded Hyatt Hotel in Charleston
CHARLESTON, South Carolina—Highline Hospitality Partners (HHP) announced the acquisition of the dual-branded Hyatt Place/Hyatt House Charleston Historic District. This acquisition marks HHP’s 13th and...
Mesa West Capital Provides Loan to Refinance Thompson Savannah
NEW YORK—Mesa West Capital has provided a joint venture led by Regent Partners (Regent) and Mariner Group (Mariner) with $50 million in short-term first...
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Reining in Utility Expenses: Sustainability Practices Help Hoteliers Protect Their Bottom Line
Ambitious climate and decarbonization efforts have heightened the demand for electrified and energy-efficient buildings. Regulatory frameworks are evolving from simple incentives to stringent compliance...
NewcrestImage Converts New Jersey Hotel to Homewood Suites Brand
A 150-unit, five-floor, all-suites property in Parsippany, New Jersey, has been converted by NewcrestImage and is operating under the Homewood Suites by Hilton brand....
CoStar: December U.S. Hotel Industry Reports Positive Year-Over-Year Comparisons
WASHINGTON—The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through Dec. 21, 2024. Growth was elevated due to the...
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