Summit Hotel Properties Acquires 26 Hotel Portfolio for $776.5 Million

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

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.
Source: New feed

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.
Source: New feed

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.
Source: New feed

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.
Source: New feed