Tag: US hotel industry
Colony Capital announces the sale of hospitality portfolios
Colony Generates Significant Strategic and Financial Benefits on Exit From Hospitality Business
Sale Represents Key Milestone in Colony Capital’s Digital Transformation
Colony Capital, Inc. (NYSE: CLNY)...
Service Properties Trust to transfer 103 hotels to Sonesta from IHG
-Rebranding Hotels to Sonesta Expected to Improve SVC Operating Results
-IHG Failed to Pay Owner’s Priority Returns to SVC for July and August
Service Properties Trust (Nasdaq:...
U.S. hotel industry reported unprecedented lows during April 2020, says STR
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
In a year-over-year...
Caesars, VICI to sell Bally’s Atlantic City for $25m
Caesars Entertainment and VICI Properties have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings Inc....
Xenia Hotels & Resorts to sell seven-hotel portfolio for $483m
Xenia Hotels & Resorts, Inc., a self-advised and self-administered REIT, owns 39 hotels comprising 11,245 rooms across 16 states in the U.S announced that...
Pebblebrook Hotel Trust to sell two hotels in US for $331m
Pebblebrook Hotel Trust, a publicly traded real estate investment trust (REIT), announced it has agreed to sell two hotels, the 422-room InterContinental Buckhead Atlanta...
Park Hotels announces sale of Le Meridien New Orleans
Park Hotels & Resorts Inc. announced that it has closed on the sale of the 410-room Le Meridien New Orleans located in New Orleans, LA,...
Hilton opens 700 new work-from-home positions
Hilton (NYSE: HLT) has announced the creation of 700 new full-time work-from-home positions, significantly expanding its remote career program and flexible work opportunities across...
AHIP REIT to acquire US hotel portfolio for $191m
American Hotel Income Properties REIT LP (AHIP) has agreed to acquire a portfolio of 12 well-maintained premium branded hotels for US$191 million excluding closing...
Hyatt to build Hyatt Centric hotels in Nashville,Memphis and Austin
Hyatt Hotels Corporation plans to build Hyatt Centric hotels in downtown Memphis, Tenn., downtown Nashville, Tenn., and downtown Austin, Texas. New Hyatt Centric hotels...
Apple Hospitality REIT buys hotel in Minnesota
Apple Hospitality REIT, Inc. has acquired the 160-room Hampton Inn & Suites by Hilton Downtown St. Paul for $31.7 million from a subsidiary of...
Ashford Trust acquires a hotel in California
Ashford Hospitality Trust, Inc. has acquired Hilton Santa Cruz/Scotts Valley in Santa Cruz, California for $50 million.
To fund the acquisition the company used...
