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Hospitality Properties Trust Acquires Crowne Plaza Milwaukee West
NEWTON, Mass.—Hospitality Properties Trust (HPT) has completed the purchase of the 198-room Crowne Plaza Milwaukee West for $30 million, or approximately $151,500 per key. The hotel will be added to HPT’s existing agreement with...
Chase Park Plaza Hotel Sold To Hospitality Properties Trust
NEW YORK–Cushman & Wakefield’s Global Hospitality Group announced that it represented Behringer Harvard Opportunity REIT I in the sale of the Chase Park Plaza Hotel in St. Louis to Hospitality Properties Trust. The Chase...
G6 Hospitality Launches Clean@6 Program
DALLAS — G6 Hospitality, the parent company for Motel 6 and Studio 6, has launched "Clean@6," an initiative to ensure that guests feel confident when staying at any of the brands' nearly 1,400 locations...
NexPoint Hospitality Trust and Condor Extend Closing of Merger
DALLAS and TORONTO — NexPoint Hospitality Trust (NHT) provided an update today on the previously announced acquisition of Condor Hospitality Trust, Inc. by NHT Operating Partnership, LLC, the Operating Partnership of NHT. NHT has...
Is the Perfect Storm Brewing for Hospitality Properties?
At the end of 2019, prognosticators expressed cautious optimism about economic prospects for 2020. Economic fundamentals, such as an 11-year upward trend in the economy, continuing job growth that has brought a growing number...
