ATLANTA—IHG (InterContinental Hotels Group) announced the opening of the Holiday Inn Charleston Historic Downtown, the area’s first new hotel development in over 10 years. The property is located two blocks away from the Charleston Visitor’s Center and within a short walk of Market and King Streets. “We are proud to welcome the Holiday Inn Charleston Historic Downtown to the Holiday Inn brand family,” said Jim Anhut, senior vice president, brand management, the Americas, IHG. “This
Summit Closes Acquisition of San Francisco Hotel
Category: Acquisitions, Finance & Development, Real Estate
AUSTIN, Texas—Summit Hotel Properties announced it has closed on the joint venture transaction for the acquisition of a 252-room Holiday Inn Express property located on Fisherman’s Wharf in San Francisco, Calif. The company acquired the hotel from an unaffiliated seller for a purchase price of $60.5 million through a joint venture with an affiliate of IHG (InterContinental Hotels Group). The joint venture gives the company an approximate 80 percent ownership interest in the hotel, which
PARIS—Following three years of restoration, Sofitel Legend Cartagena Santa Clara opens its doors as the fourth property under the Sofitel Legend label, a collection of historical properties throughout the world. A former monastery built by the Clarist nuns in 1621, Sofitel Santa Clara is the first Sofitel Legend in South America. The hotel features 122 refurbished guestrooms across the historical Colonial wing and the modernized Republican wing. With views of the Caribbean Sea, each room
McLean, Va.—Home2 Suites by Hilton announced the opening of its 14th U.S. hotel in Oxford, Ala. The Home2 Suites Oxford is the first property for the brand in the state. The first guest to check-in yesterday received a Home2 welcome basket. “Oxford’s mix of local attractions and business activity make it an ideal destination for the Home2 brand offering in Alabama,” said Bill Duncan, global head, Home2 Suites by Hilton. “Home2 Suites hotels are designed
Loews Hotels Completes Acquisition of Back Bay Hotel in Boston
Category: Acquisitions, Finance & Development, Real Estate
NEW YORK—Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation, announced that the company completed the acquisition of the 225-room Back Bay Hotel in Boston. Located at the corner of Berkeley and Stuart Streets, the former Doyle Collection property has immediately been converted to the Loews Hotels brand. Loews Hotels plans an approximate $8 million renovation scheduled to begin in the fall. “The Loews Boston Back Bay Hotel is a distinctive property,” said Paul
