Buddy Solomon Redefines Traditional Role of CFO as Brand Enters New Growth Era
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Purchased with private investor equity, in partnership with the Caliber Distressed Real Estate Income Fund (CDIF, LLC), Caliber plans an $8 Million property renovation. The Hilton Tucson East purchase expands Caliber’s lodging investment portfolio to six hotel properties, in both Arizona and Alaska.
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New Company To Operate 58 Independent Properties in US and Internationally
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InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announces the development of a new InterContinental® Hotels & Resorts property in Houston by Medistar Corporation. Set to open in late 2018, the 353-room hotel will be adjacent to the Texas Medical Center, the world’s largest medical complex with 50 million square feet of buildings on 1,345 acres, and comprising 21 hospitals which accommodate eight million patient visits annually.
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InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, today announced the signing of Holiday Inn Osaka Namba in partnership with Japan Hotel REIT Investment Corporation (JHR).
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The hotel and residences will form part of the Bukit Pandawa integrated resort development located on Bali’s southern Bukit peninsula. An initial 30 branded residences are scheduled to be completed at the same time as the hotel opens in mid-2018.
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Fort Worth-based Crescent Real Estate LLC (Crescent) today announced that its recently established investment fund acquired the Rosewood Crescent hotel. The hotel will be independently operated and renamed Hotel Crescent Court, returning the historic, iconic name to the Texas landmark.
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Marco’s Pizza continues its growth in Virginia with plans to introduce six new locations through strategic franchise partnerships, creating more than 150 new jobs throughout the state. Currently there are two locations open in Virginia, with the additional locations under development and projected to be open and operating within the next six months.
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Apple Hospitality REIT, Inc. (NYSE:APLE) today announced that it has closed on the previously announced acquisition of a 128-room Home2 Suites by Hilton in Atlanta, GA for a purchase price of $24.6 million, or approximately $192,000 per key.
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CHICAGO (July 6, 2016) – Hyatt Regency Shanghai, Wujiaochang opens in Wujiaochang, a thriving business, innovation and university district in Shanghai, East China. The 306-room Hyatt Regency…

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