Cambria Hotels Surpasses 100 Hotels Open and in the Pipeline

Cambria now has 30 hotels open across the United States, and more than 70 in the pipeline. Four hotels have opened in 2017 and 10 more will open by the end of the year. In addition, 18 ground breakings and multiple executed franchise agreements are expected.
Source: New feed

Summit Hotel Properties to Acquire 5 Hotel Portfolio from Xenia Hotels For $163 Million

ummit Hotel Properties, Inc. (NYSE: INN) and Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced that the companies have executed a definitive agreement for an affiliate of Summit to acquire an 812-guestroom, five-hotel portfolio from Xenia for a total purchase price of $163 million, or approximately $201,000 per key.
Source: New feed

US Foods Agrees to Acquire F. Christiana

US Foods announced on Friday that it has agreed to acquire F. Christiana, a broadline distributor of food and food-related products concentrating on the important center-of-the-plate categories as well as dairy and dry goods.
Source: New feed

John Fareed Hospitality Consulting and Hotel & Club Associates of Virginia Merge to Form Fareed & Cummings

John Fareed Hospitality Consulting LLC and Hotel & Club Associates of Virginia have merged to form hospitality advisory firm Fareed & Cummings LLC, according to principals John Fareed and Michael Cummings. The new company has joined Horwath HTL, the world’s largest and most experienced hospitality-consulting brand with forty-five offices in thirty-nine countries.
Source: New feed