The James New York Trades for $85 Million
Category: Acquisitions, Finance & Development, Real Estate
NEW YORK—Brack Capital Real Estate (BCRE), a global real estate investment and development company, announced today that The James New York was sold for approximately $85 million. Operations will remain unchanged as Denihan Hospitality Group will carry on management, along with chef David Burke remaining to produce the food and beverage menu. “We were always incredibly confident in the potential presented in this well-situated location for a one-of-a-kind property and are pleased to see this
DALLAS—Aimbridge Hospitality announced that it has been chosen to rebrand and manage the former Hotel Royal Decameron Club Caribbean in St. Ann’s, Jamaica, as Jewel Paradise Cove Resort and Spa, an exclusive adults-only endless vacation concept. The secluded 225-key oceanfront property, acquired in February 2013 by Sagicor Life Jamaica, joins the flagship Jewel Dunn’s River Beach Resort and Spa in Ocho Rios, Jamaica and the Jewel Runaway Bay Golf Resort and Spa as the third
The Simple Life
Category: Technology
While most hotels are constantly upgrading their networking infrastructure and TV connections to accommodate the latest tech devices that guests bring along when they travel, some hotels are promoting a tech-free experience where guests are encouraged to take a break from their gadgets. Bill Foster, director of sales at Little Palm Island Resort in the Florida Keys, says turning off devices and getting away from technology provides guests with a better vacation experience. The luxury
InterContinental Hotels Group (IHG) announced the opening of Crowne Plaza Edinburgh-The Roxburghe, located on Charlotte Square. The 198 room hotel is a Category A Listed Building, originally designed as a series of quintessential townhouses by Robert Adam, the Scottish neoclassical architect, interior designer, and furniture designer in 1791. Several of the hotel rooms have retained their original Georgian detail. The hotel’s club lounge, main hotel lounge, and lobby have been extensively refurbished by the Scottish
ATLANTA—Little Rock officials celebrated the city’s newest Marriott Hotels and Resorts property, the 418-room Little Rock Marriott in downtown Little Rock, Ark. To commemorate the event, the hotel hosted a ribbon cutting ceremony with community and business leaders. The hotel, operated by Davidson Hotels and Resorts and owned by an affiliate of Fairwood Capital, will undergo a multi-million dollar renovation of all guestrooms and public spaces starting in early 2014. “The addition of the Marriott