Scandic Hotels Completes Rebranding of Cumulus Hotels to Scandic Brand

In December 2017, Scandic acquired Restel’s hotel operations with 43 hotels and around 7,600 rooms, most of which were operating under the Cumulus brand. The acquisition made Scandic the market leader in the hotel industry in Finland and gave the company a considerably stronger position in the growing leisure segment.
Source: New feed

Hyatt Place Unveils New Generation of Hotels

Hyatt Place today unveiled a new generation of hotels focused on three key areas: thoughtful design, driving value for World of Hyatt members and enhanced well-being experiences.
Source: New feed

MCR Closes $300 Million Hospitality Fund

MCR Hospitality Fund LP has acquired 11 hotels representing $160 million in transaction volume with an additional five hotels in the pipeline
Source: New feed

Hyatt Centric Santa Barbara Hotel Sold for $90.0 Million

Chesapeake Lodging Trust (NYSE:CHSP announced today that it has entered into an agreement to sell the 200-room Hyatt Centric Santa Barbara located in Santa Barbara, California for a sale price of $90.0 million, or approximately $450,000 per key,
Source: New feed

Comfort Suites Hotel in Fort Wayne, IN Sold for $7.1 Million

Condor Hospitality Trust, Inc. (NYSE American: CDOR) today announced the closing on the sale of a legacy hotel asset, the 127-room Comfort Suites located at 5775 Coventry Lane in Fort Wayne, IN, for $7.1 million.
Source: New feed