290 Room Crowne Plaza Melbourne Oceanfront in Melbourne, Florida Sold

Driftwood Acquisitions and Development (DAD) today announced its purchase of the 290-room Crowne Plaza Melbourne Oceanfront in Melbourne, Florida. The hotel recently completed a full renovation that addressed areas impacted by Hurricane Irma. The hotel will be managed by Driftwood Hospitality Management (DHM).
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Grand Tirolia Hotel Kitzbuhel Joins Curio Collection

Hilton (NYSE: HLT) today announced the signing of a management agreement with Kitz Immobilieninvest GmbH to open Grand Tirolia Hotel Kitzbuhel, Curio Collection by Hilton. The 81-guest room hotel will be Hilton's first hotel in the resort town of Kitzbuhel
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Ritz-Carlton Kapalua Hotel in Maui Sold

A joint venture among funds managed by the Real Estate Group of Ares Management, L.P. (NYSE:ARES), SMW Hospitality LLC, and Trinity Real Estate Investments LLC, today announced the sale of The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners, an affiliate of Blackstone Group (NYSE:BX).
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