Ashford Hospitality Trust, Inc. (NYSE: AHT) announced today that it has closed on the sale of the 162-room SpringHill Suites Gaithersburg in Gaithersburg, MD for approximately $13.2 million ($81,000 per key).
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The Element Bend will be the first Westin hotel in the city. The hotel will be situated across Wall Street from beautiful Pioneer Park on the banks of the Deschutes River.
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Marriott International Opens Doors for Business, Tourism and Career Opportunities in Rwanda
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Déjà vu all over again?
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Meliá Hotels International last week announced the signing of Meliá Ho Tram, marking the group’s fourth property under operation in Vietnam.
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Announces Africa’s first modular build hotel, the 280 guest-room Hilton Garden Inn in the Ghanaian capital of Accra, a concept that Hilton first premiered in 2014 through a partnership with CIMC Modular Building Systems.
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Marriott International Announces Release Date For Third Quarter 2016 Earnings
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As a result of the acquisition, the Company acquired approximately 1,000 franchise hotel agreements nationwide and added over 59,000 rooms.
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Hyatt Hotels Corporation (NYSE: H) announced last week that a Hyatt affiliate has entered into a management agreement with Eosh Properties SDN. BHN., an affiliate of KAJ Development, for a Hyatt Place hotel in Melaka Gateway, Malaysia.
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The 11-story boutique hotel’s 139 guest rooms and suites offer private balconies with panoramic views of the Atlantic Ocean, Lake Boca or the Intracoastal Waterway.
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