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| Hotel Transaction South Carolina |
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| Ford C. Barton, Principal of Lodging Partners, LLC, has arranged the sale of the Quality Inn & Suites, Myrtle Beach, South Carolina. The 66-room, two-story hotel was purchased by a regional hotel investor for the $2,975,000 asking price. Read more |
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| Hotel Development Spain |
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| The hotel chain has reached an agreement with the Baraka Group to buy 100% of the building where it will open its first urban hotel in Spain Read more |
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| Hotel Portfolio Transaction |
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| American Hotel Income Properties REIT LP (TSX:HOT.UN)(OTCQX:AHOTF) announced today that it has agreed to acquire through its subsidiaries a geographically targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for approximately US$407.4 million, including brand-mandated property improvement plans. Read more |
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| Interstate Asia Investment Group |
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| Interstate Hotels & Resorts announces the launch of the Asia Investment Group, becoming the leading Asia practice team with dedicated resources to deliver exceptional hotel management services to Asian owners seeking to invest in hotels in the U.S and Europe. Read more |
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| Hotel Development Iowa |
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| Exterior finishes for the 330-room hotel are now visible and the interior will soon follow after the construction project’s official topping out celebration was held today. Read more |
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| Hotel Development Oregon |
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| Built in 1910, the Oregon Pioneer Building – originally named The Railway Express Building – was the city's iconic first concrete building, which became known as Project Cinderella when it was revived in 1962, serving as a catalyst to restore historic buildings in downtown. Read more |
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| Hotel Opening California |
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| Choice Hotels International, Inc. (NYSE: CHH has signed an agreement with franchise partner Stratus Development Partners, LLC of Newport Beach, CA, to develop a new Cambria Hotel in Napa, California. The four-story, 90-room Cambria property will be located at 320 Soscol Avenue and the main thoroughfare into downtown Napa, the Silverado Trail and Napa Valley. Read more |
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| Fareed & Cummings LLC |
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| John Fareed Hospitality Consulting LLC and Hotel & Club Associates of Virginia have merged to form hospitality advisory firm Fareed & Cummings LLC, according to principals John Fareed and Michael Cummings. The new company has joined Horwath HTL, the world’s largest and most experienced hospitality-consulting brand with forty-five offices in thirty-nine countries. Read more |
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| Hotel Development California |
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| Expansion includes an adult-only all-suite tower that will feature an additional 159 suites, a lush new saltwater pool, two new restaurant concepts with global cuisine, a luxurious hotel spa, salon, and fitness center Read more |
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