The property was sold via an online auction on Ten-X. It was purchased by Nogales Hospitality LLC of Nogales, Arizona, from Lok Group of Companies of Petaluma, California.
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Author: hotelprojectdata
Kempinski Residences Alaçatı Çeşme to Open 2024 in Turkey
Situated right on the beach on an expansive 103,000-square-metre site with a panoramic view over the deep blue Aegean Sea, Kempinski Residences Çeşme will be home to 130 modern and elegant residences, of which 100 are private villas.
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Rancho Pescadero is Reborn
CHICAGO (November 29, 2022) – Hyatt Hotels Corporation (NYSE: H) announced today the opening of Rancho Pescadero, the newest addition to The Unbound Collection. Immersed in the uncomplicated…
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The Westin Book Cadillac Detroit Hotel Announces $20 Million Dollar Renovation
The project will feature a new, contemporary design of its 453 guest rooms and suites, 36,000 square feet of meeting and banquet space, and all public spaces within the property, in addition to introducing a new dining experience next year.
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The Draycott Hotel in Chelsea, London Sold
Built in 1890, the Victorian property comprises three red-brick town houses on Cadogan Gardens in the heart of Chelsea. It will undergo a restoration before reopening as The Chelsea Townhouse, operated for Cadogan by Iconic Luxury Hotels.
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Hyatt Acquires Dream Hotel Group for a Base Purchase Price of $125 Million
Upon closing, Hyatt will pay a base purchase price of $125 million, with up to an additional $175 million over the next six years as properties come into the pipeline and open.
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Sonnenblick-Eichner Company Arranges $22 Million of First Mortgage Leasehold Financing for Doubletree by Hilton Los Angeles-commerce, Los Angeles, CA
Sonnenblick-Eichner Company announced today that it has arranged $22 million of non-recourse first mortgage financing for the leasehold interest in the Doubletree by Hilton Los Angeles-Commerce, a 201-room hotel located in the city of Commerce, approximately six miles southeast of downtown Los Angeles.
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Hyatt Continues Asset-Light Growth Strategy with Plans to Acquire Dream Hotel Group
CHICAGO (November 29, 2022) – Hyatt Hotels Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and…
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The Westin Hilton Head Island Resort & Spa Announces $10 Million Renovation
The Westin Hilton Head Island Resort & Spa announces today that it has embarked on a $10 million renovation to reimagine the resort's existing 416 guestrooms to grow to 419 rooms including 32 suites.
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Nobu Hotel, Restaurant, and Residences to Open 2026 in Abu Dhabi
Opening in 2026 on Saadiyat Island Nobu Hotel will feature 165 guest rooms and suites, including a stunning Nobu Villa.
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