Summit Hotel Properties, Inc. (NYSE: INN) yesterday announced that it has completed an initial closing of the previously announced portfolio acquisition through its existing joint venture with GIC from affiliates of NewcrestImage. The initial closing included 26 of the 27 hotels totaling 3,533 guestrooms, two parking structures, and various financial incentives.
Source: New feed
Month: January 2022
Aloft Knoxville West Hotel Sold
Commonwealth Hotels announced the acquisition of the Aloft Knoxville West. The Aloft, a Marriott branded hotel, is the first hotel for Commonwealth in the state of Tennessee.
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Reverb by Hard Rock Announces First European Hotel in Hamburg, Germany
Hard Rock Hotels today announced plans for the opening of its newest REVERB by Hard Rock in Hamburg, Germany. Slated to open in mid-2022, the RIMC Hotels & Resorts Group will operate the hotel with a total of 134 rooms.
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IHG Hotels & Resorts Signs InterContinental Grenada Resort
IHG Hotels & Resorts announced the signing of the InterContinental Grenada Resort. The 150-room Caribbean hotel will be built on La Sagesse Beach, approximately 30 minutes from the Maurice Bishop International Airport and the town of St. George’s.
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W Costa Navarino Hotel to Open This Summer in Greece
Marriott International, Inc. today announced it has signed an agreement with TEMES S.A. to debut the W Hotels Worldwide brand in Greece with the opening of W Costa Navarino.
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IHG Announces Hotel Indigo Minneapolis Northstar Downtown
The current location for the Hotel Indigo first opened in 1962 as an independent hotel named the Northstar Hotel. This hotel is part of the integrated, mixed-use Northstar Center complex that also includes office, retail, and a 955-space parking garage.
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Sanya Hello Kitty Resort to Open 2025 in Hainan, China
Keyestone Group and Hyatt Hotels Corporation (NYSE:H) today announced plans for China’s first Hello Kitty Hotel in Sanya, Hainan.
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Radisson Hotel & Apartments Dammam Industrial City Reopens Following Rebrand from Park Inn
Radisson Hotel Group announced the re-opening of Radisson Hotel & Apartments Dammam Industrial City following a rebranding and extensive refurbishment of the existing Park Inn by Radisson Hotel & Apartments Dammam Industrial.
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Keyestone Group and Hyatt to Collaborate on China’s First Hello Kitty Hotel in Hainan
CHICAGO (January 13, 2022) – Keyestone Group, a Hong Kong-based conglomerate focused on the development and management of high-quality premier projects in the Greater China region, and Hyatt…
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The Kessler Collection Acquires the Historic Elks Building in New Bern, N.C. for $2.25 Million
Plans to develop the property into a 50-room boutique hotel.
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