Lodging Daily News

WASHINGTON—Modus Hotels and Alex. Brown Realty (ABR), a Baltimore, Maryland-based real estate manager, have acquired the 75-room Normandy Hotel for $16 million, or a cost of $213,000 per key. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the venture. Located in the Kalorama and Dupont neighborhoods of Washington, D.C., the acquisition brings Modus’ growing portfolio to thirteen hotels, with seven in the metro D.C. area. “Recently having undergone a

ORLANDO, Fla.—WorldMark by Wyndham, one of Wyndham Vacation Ownership’s four primary consumer brands, announced the acquisition of 27 whole-ownership units and 196 fractional interests (collectively 59 whole units) at the Seventh Mountain Resort in Bend, Ore., from INNspired LLC. Terms of the deal were not disclosed. Through a two-phase conversion process, the resort will be renovated into a mix of one-, two- and three-bedroom condominium units. The renovations are anticipated to begin this fall and

When Kate Martin first came to the Hotel Chandler 12 years ago, it was in the midst of a major transformation. Triumph Hotels had just bought the 138-room small luxury hotel located the Flatiron district of New York City and invested millions in a down-to-the-studs renovation. She was the front office manager, in the original opening team that was brought in to increase the service standards and take the hotel to the next level. “It

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with an affiliate of Huayuan Property Co. for a Grand Hyatt hotel in Changsha, Hunan Province in central China. “Changsha has established itself as a major hub for global business and entertainment, and we are honored to have the opportunity to bring the Grand Hyatt brand to such a great city,” said Mark Hoplamazian, president and chief executive officer of Hyatt

OAK BROOK, Ill.—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, announced that it has acquired the 14-story Residence Inn by Marriott Denver City Center and adjoining 448-space parking garage for a purchase price of $80 million. “We are very pleased to be adding this high-quality asset to our portfolio,” said Marcel Verbaas, president and CEO, Inland American Lodging Advisor. “With its excellent location in the downtown Denver market, we