The property, built in 2008, was purchased by Agha Holdings, based in Chatsworth, California, from KAK Enterprises, based in Houma, Louisiana.
Source: New feed
Howard Johnson by Wyndham Houma Hotel in Houma, Louisiana Sold
March 21, 2023
Month: March 2023
TUI BLUE Adds 5 Hotels to Its Portfolio
March 21, 2023
As well as the new TUI BLUE Victoria in Menorca, TUI BLUE hotels will be joining the brand portfolio in Hurghada, Egypt; Ayia Napa, Cyprus; Cala Bona, Majorca; and Thailand.
Source: New feed
Wyndham ECHO Suites Extended Stay Brand Pipeline Grows to Over 200 Hotels in Year One
March 21, 2023
Wyndham Hotels & Resorts today announced the continued expansion of its ECHO Suites Extended Stay by Wyndham brand, which in just one year, now has more than 200 hotels in its development pipeline.
Source: New feed
Mondrian Abu Dhabi Hotel Announced for 2024
March 20, 2023
Ennismore today announced it will open Mondrian Abu Dhabi, the brand's first project in the United Arab Emirates, in collaboration with Al Hazoom Group.
Source: New feed
Marriott to Open Eight Hotels in the Holy City of Madinah in Saudi Arabia
March 20, 2023
The anticipated openings will feature approximately 4,400 rooms across eight of the company’s brands – The Ritz-Carlton, JW Marriott, Marriott Hotels, Westin Hotels & Resorts, Le Méridien Hotels & Resorts, Four Points by Sheraton, Aloft Hotels, and Courtyard by Marriott.
Source: New feed
Collapse of US Banks Could Make Hotel Financing Harder to Find – CoStar
March 20, 2023
Hotel industry experts say the recent collapse of both Silicon Valley Bank and Signature Bank will in the short term cause banks to tighten their underwriting criteria.
Source: New feed
ANA Holdings and IHG ANA Hotels Group Japan Sign Comprehensive Commercial Agreement As Part of Longstanding Strategic Alliance
March 20, 2023
Strengthens the multifaceted collaboration with one of Japan's largest airline and hotel networks
Source: New feed
Pebblebrook Hotel Trust Sells 909 North Michigan Avenue Retail Parcel Adjacent to The Westin Michigan Avenue Chicago for $27.3 Million
March 20, 2023
Pebblebrook Hotel Trust (NYSE: PEB) today announced that it closed on the sale of 909 North Michigan Avenue, a 5,860 square-foot 3-tenant fully occupied high-street retail parcel, adjacent to the Company’s Westin Michigan Avenue Chicago for $27.3 million to a third party.
Source: New feed
Leisure Real Estate Advisors Arranges the Sale of the Holiday Inn Express, Fremont, Nebraska
March 20, 2023
Leisure Real Estate Advisors, LLC has announced the successful sale of the Holiday Inn Express located at 2415 N. Lincoln Avenue in Fremont, Nebraska. Built in 2003, the 94-key hotel was listed for $9,600,000.
Source: New feed
Travel and Tourism Industry Deal Activity Sinks by 60.4% YoY in February 2023
March 20, 2023
The global travel and tourism industry, which has been struggling to rebound from the COVID-19 pandemic induced slowdown, is facing another setback with a significant drop in deal activity.
Source: New feed