Tag: hotel finance
NewcrestImage Reaches Agreement to Purchase 45 Hotels
NewcrestImage has reached a definitive agreement to purchase 45 hotels from a private investment firm. The terms of the transaction were not disclosed.
The portfolio...
Noble Investment Group Acquires a 14-Hotel Portfolio
ATLANTA—Noble Investment Group (Noble) announced the acquisition of a 14-hotel portfolio including Marriott, Hilton, and Hyatt-branded properties. Noble will invest in physical enhancements across...
Extended Stay Premier Suites Augusta Opens
CHARLOTTE, North Carolina—Extended Stay America announced the opening of the Extended Stay Premier Suites Augusta located in Augusta, Georgia. The property was developed by...
Maverick Hotels and Restaurants Adds Hyatt Rosemont O’Hare to Its Portfolio
CHICAGO—Maverick Hotels and Restaurants announced that it has added the Hyatt Rosemont O’Hare hotel in Rosemont, Illinois, to its portfolio of owned and managed...
Recovery Composition: Returning Group Demand Meets New Trend in Rate Premium
As industry recovery has progressed, the focus has been less on overall performance metrics and more on the detailed demand composition of recovery. Transient...