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Lightstone Value Plus REITs Buy Four Arkansas Hotels

NEW YORK—Lightstone Value Plus Real Estate Investment Trust (LVPR) and Lightstone Value Plus Real Estate Investment Trust II (LVPR II) announced the acquisition of four Marriott and Starwood hotels in Arkansas for $29.1 million. LVPR...

On the Money

Michael Medzigian was something of an anomaly when he first began raising investment funds in the early 1990s. Having graduated from the School of Hotel Administration at Cornell University in 1982 and matriculating directly...

Lightstone Value Plus REIT Buys Baton Rouge Hotels

NEW YORK—Lightstone Value Plus Real Estate Investment Trust (LVPR) announced the acquisition of two Marriott-branded hotels in Baton Rouge, Louisiana for $15.6 million. The properties acquired are the Courtyard by Marriott and Residence Inn by...

Boston Hotels Stay Strong After Bombing

Located on the corner of Boylston and Exeter Streets, the Lenox Hotel had a front row seat to the Boston Marathon bombings on April 15. Law enforcement officials evacuated the 214-room property shortly after...

Chatham Lodging Acquires Courtyard by Marriott Houston Medical Center

PALM BEACH, Fla.—Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded, select-service hotels, announced that it has acquired the three-year-old Courtyard by Marriott Houston Medical Center...
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