LONG ISLAND, N.Y.—Dow Hotel Company (DHC), a hotel owner/investor and management company, unveiled the renovation of the Hilton Long Island/Huntington in Melville, N.Y. during grand reopening ceremonies. The 303-room hotel, owned in a joint venture between DHC and Prudential, underwent a $16 million makeover that included upgrading hotel rooms, corridors, and public spaces, as well as creating a new lobby, new restaurant, and a steakhouse scheduled to open in the second quarter of 2013. The
ATLANTA—With the acquisition this week of The Peabody Little Rock by an affiliate of Fairwood Capital, Davidson Hotels & Resorts, an independent hotel management companies, announced that it has assumed management of the 418-room hotel in downtown Little Rock, Ark. The hotel is the second management agreement between Fairwood and Davidson. “The property is a vital economic engine for Little Rock and is one of the most prominent hotels in the Mid-South. We appreciate Fairwood’s
CHICAGO—Carlson Rezidor Hotel Group announced from its annual business conference plans to further enhance the Radisson brand presence in North America. Building upon significant progress and momentum achieved in the last three years, Radisson will roll out a national pilot project to explore opportunities to innovate many touch points of the hotel guest experience beginning in March. Since 2010, Carlson Rezidor Hotel Group has sought to position Radisson in North America as a powerful, globally
TORONTO, ON—Realstar Hospitality announced the signing of its 100th Days Inn hotel in Canada. The news came yesterday at the 2013 Days Inns – Canada Conference in Toronto. Realstar Hospitality is strategically expanding the Days Inn brand, focusing its efforts in key markets across the country. The company announced new franchise agreements for its 98th hotel (Stephenville, Newfoundland), 99th hotel (Stouffville, Ontario), and 100th hotel – a new build in Calgary, Alberta. “Today marks a
SAN FRANCISCO—Kimpton Group Holding, the parent company of Kimpton Hotel & Restaurant Group, has announced it has closed its fourth institutional real estate fund and its third fund within the Kimpton Hospitality Partners series. KHP Fund III, L.P. (“KHP Fund III”), has $203 million in committed equity capital with the goal of acquiring more than $500 million worth of hotels over the next three years. Kimpton is the only branded hotel company with institutionally backed,
