Valor Hospitality Partners Merges with PMR Hospitality Partners
PMR Hospitality Partners, a South African-based, full-service hospitality management and advisory company, today announced a merger with Valor Hospitality Partners, which was formed by...
Ashford Trust to Acquire La Posada de Santa Fe for $50 Million
DALLAS — Ashford Hospitality Trust, Inc., has entered into a definitive agreement to acquire the 157-room La Posada de Santa Fe in Santa Fe,...
Stonehill Plans to Open an Office in Los Angeles
ATLANTA—Stonehill this month announced that it has closed 14 transactions, totaling more than $175 million year-to-date through 2018. The company expects to close on...
Litt Group Continues Focus on PIP Renovations
Boca Raton, Fla.—The Litt Group, a capital project administration and consulting firm for the hospitality industry, was recently awarded the contract for the renovation...
The Value of Dual-Branded Hotels in Today’s Lodging Industry
One of the most popular topics at lodging industry events is whether or not there are too many hotel brands out there. While some...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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