Andrew Firestone, former star of ABC’s The Bachelor and co-founder of hospitality development company StonePark Capital, announced today that Hotel Cerro has joined the Autograph Collection Hotels by Marriott portfolio following a multimillion-dollar renovation.
Source: New feed
EOS Hospitality acquires iconic, skyline-defining hotel in court-approved bankruptcy sale
Source: New feed
Moire Hoi An, Vignette Collection to launch in UNESCO Heritage Site this year in conversion deal with new partner Hoi An Pearl Joint Stock Company
Source: New feed
CHICAGO, IL (June 19, 2024) – Hyatt Hotels Corporation (NYSE: H) and El Pardo Hospitality today announced the debut of The Legend Paracas Resort, joining the Destination by Hyatt brand. The…
Source: New feed
Old Edwards Hospitality Group Sold – Athens, GA Family, now at the Helm of its Companies and Properties
Source: New feed
This is the first Ascend Hotel Collection property in the Washington, DC, market, and it is located in the heart of the city.
Source: New feed
Located in the heart of Saint-Martin, it will be the first MGallery hotel to open in the Caribbean, a strategic location for the ongoing growth and development of the boutique-hotel collection brand MGallery.
Source: New feed
As part of the refurbishment, the hotel will undergo an enhancement, increasing its key count from 68 rooms to over 80 rooms, which will have an end value of circa S$70m.
Source: New feed
Obtaining leverage through debt financing is key to achieving the desired equity return on a hotel acquisition. The reduced availability and prevailing high cost of traditional loans are forcing buyers to be creative and consider alternative strategies to seize an acquisition opportunity. This article presents a few of these alternatives.
Source: New feed
The Q1 2024 LE Market Trend Report for the Charlotte market highlights that Charlotte has a total of 67 hotel projects and 7,772 rooms in the construction pipeline, positioning it fifteenth among the top 25 U.S. markets for the largest hotel construction pipeline by project count.
Source: New feed