Renaissance Meadowlands Hotel Acquired by RockBridge and Concord Hospitality
Category: Acquisitions, Finance & Development, Real Estate
RUTHERFORD, N.J.—RockBridge Partners, a division of RockBridge, and Concord Hospitality Enterprises announced the acquisition of the 167-room Renaissance Meadowlands in Rutherford, N.J. for an undisclosed amount. Both companies have a history with this asset, with Concord having developed the hotel in 2000 and managed it through two subsequent ownership changes, and RockBridge having provided first mortgage financing for the hotel upon its opening. The hotel will embark on a $5.25 million major renovation that will
ALMATY, Kazakhstan—Best Western International continues its global expansion with the addition of the brand’s first hotel in Kazakhstan, the Best Western Plus Atakent Park Hotel, in the country’s largest city, Almaty. The four-star hotel is newly constructed and has 196 rooms with 23 suites and conference and meeting space to accommodate up to 500. Hotel amenities include climate control rooms, mini-bar, safe, international direct dial telephone, free Wi-Fi, and a gym and spa. The property
WARSAW, Poland—Following a multi-million dollar renovation, Hotel Bristol in Warsaw joins The Luxury Collection Hotels & Resorts’ ensemble. Owned by Starman Poland, Hotel Bristol, a Luxury Collection Hotel, Warsaw marks the luxury brand’s first hotel in Poland. “As The Luxury Collection portfolio continues to grow globally, we are thrilled to introduce the brand in Poland with the signing of the iconic Hotel Bristol,” said Paul James, global brand leader, The Luxury Collection, St. Regis Hotels
Choice Hotels International Inc. announced that it has made two appointments to its executive team. John Bonds has been promoted to senior vice president, strategy and services, reporting to Patrick Pacious, executive vice president, global strategy and operations; and Mike Shemer has been promoted to vice president, business planning from senior director, business transformation and governance for Choice Hotels. Bonds who previously served as vice president of corporate strategy and business transformation, will expand his
SPOKANE, Wash.—Red Lion Hotels Corporation announced the LVH — Las Vegas Hotel & Casino, also known as the LVH, will be first to join the Leo Hotel Collection, a new brand segment announced by the company in January. LVH and Red Lion Hotels signed the agreement this week and the hotel is expected to integrate the license affiliation relationship by the end of the first quarter. “We are happy to have the LVH join as