Hilton Worldwide announced the re-opening of Hilton Garden Inn Milan Malpensa, located close to Milano Malpensa Airport. A franchise agreement has been reestablished with the property’s new owners, Hypo Alpe Adria Leasing, and is being managed by Bierwith & Kluth Hotel Management GmbH. The hotel returns to Hilton Garden Inn’s Italian portfolio, which includes locations such as Rome, Florence, and Venice. Simon Vincent, area president, EMEA, Hilton Worldwide said, “Continued investment in Milano Malpensa Airport
SHELTON, Conn.—Officials of New Castle Hotels and Resorts announced it has assumed management of the 117-room Westport Inn in Westport, Conn. The hotel is part of the Ascend Collection of independent hotels. “The Westport Inn hits our sweet spot for high-potential hotels with significant business drivers that require some creative input and repositioning,” said Gerry Chase, president and COO of New Castle. “We have established a record for successfully positioning and operating independent hotels, particularly
Hyatt Rebrands Five Hotels in India
Category: Brands
CHICAGO—Hyatt Hotels Corporation debuted its fifth brand in India with the official rebranding of five hotels to “Hyatt”: Hyatt Bangalore MG Road, Hyatt Hyderabad Gachibowli, Hyatt Pune, Hyatt Amritsar, and Hyatt Ahmedabad. The new Hyatt hotels join the 11 properties open throughout India operating under the Park Hyatt, Grand Hyatt, Hyatt Regency, and Hyatt Place brands. According to Peter Fulton, Group President – EAME/Southwest Asia for Hyatt, “We are proud to introduce the fifth Hyatt
SPOKANE, Wash—Red Lion Hotels Corporation announced the Red Lion Inn and Suites Kennewick in Washington has officially joined the system. “As a newer construction hotel, this property is in great condition, so we were able to convert it quickly,” said Ron Burgett, executive vice president of lodging and brand development for Red Lion Hotels Corporation. “Red Lion has a strong presence in the Tri-Cities and this hotel is a great addition as our first limited
Buyer’s Market
Category: Market Reports
Last year was a quiet one for transactions considering all the factors that traditionally fuel lodging investments were the most favorable in years. In 2012, 1,342 hotels containing a total of 183,300 rooms changed ownership for an estimated total investment of $15.3 billion. The Blackstone Group’s purchase of the Motel 6 and Studio 6 portfolio from Accor Hotels for $1.9 billion accounted for 649 of these hotels—nearly 50 percent of the total. Possibly due to
