Sheraton Suites Plantation in Broward County, Fla Sold for $24.66 Million

Officials of Everwood Hospitality Partners (EHP) today announced the company has acquired the 263-suite Sheraton Suites Plantation in the heart of Broward County, Fla. The hotel was purchased for $24.66 million from PHF Plantation LP, an affiliate of San Francisco-based Fillmore Capital Partners.
Source: New feed

AccorHotels Launches Property Spin-off

AccorHotels announces that it has signed agreements with a group of international investors with a view to selling a majority of the capital of AccorInvest.
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JAE Restaurant Group Acquires 34 Knoxville Wendy's Restaurants

JAE Restaurant Group, one of the largest multi-unit franchisees of Wendy’s, announced today the acquisition of 34 Wendy’s restaurants throughout Knoxville, Tennessee, making JAE Restaurant Group a major employer in Knoxville with a total of 1,150 employees.
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Starwood Capital Group Acquires Hilton UK Portfolio

Starwood Capital Group announced today that a controlled affiliate of Starwood Global Opportunity Fund XI has acquired a portfolio of seven Hilton hotels throughout the United Kingdom, totalling over 1,300 rooms from Park Hotels & Resorts for £135 million.
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Choice Hotels to Develop Cambria Hotel in Growing Southwest Washington, D.C.

Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with Koucar Management, LLC to develop a new Cambria hotel in Southwest Washington, D.C. Located at 69 Q Street SW, the 154-room, nine-story property will be the second Cambria in the District, joining the Cambria Hotel Washington, D.C. Convention Center at 899 O Street NW.
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Extended Stay America and Three Wall Capital Announce 25 Hotel Sale and Management Contract

Extended Stay America, Inc. will continue to manage the 25 ESA hotels over a 20 year contract. The 25 hotels represent over 2,400 rooms and are located in Ohio, Kentucky, Indiana and Texas. In conjunction with this transaction, Three Wall Capital, LLC has signed an agreement to build 15 additional ESA hotels over a seven year period.
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