Choice Hotels International, Inc. (NYSE: CHH has signed an agreement with franchise partner Stratus Development Partners, LLC of Newport Beach, CA, to develop a new Cambria Hotel in Napa, California. The four-story, 90-room Cambria property will be located at 320 Soscol Avenue and the main thoroughfare into downtown Napa, the Silverado Trail and Napa Valley.
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Built in 1910, the Oregon Pioneer Building – originally named The Railway Express Building – was the city’s iconic first concrete building, which became known as Project Cinderella when it was revived in 1962, serving as a catalyst to restore historic buildings in downtown.
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Exterior finishes for the 330-room hotel are now visible and the interior will soon follow after the construction project’s official topping out celebration was held today.
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Interstate Hotels & Resorts announces the launch of the Asia Investment Group, becoming the leading Asia practice team with dedicated resources to deliver exceptional hotel management services to Asian owners seeking to invest in hotels in the U.S and Europe.
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American Hotel Income Properties REIT LP (TSX:HOT.UN)(OTCQX:AHOTF) announced today that it has agreed to acquire through its subsidiaries a geographically targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for approximately US$407.4 million, including brand-mandated property improvement plans.
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The hotel chain has reached an agreement with the Baraka Group to buy 100% of the building where it will open its first urban hotel in Spain
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Pizza Franchise Looks to Introduce 15 Locations
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Schwan’s Company announced today they have agreed to terms on acquiring MaMa Rosa’s Pizza LLC from HGGC. The sale is expected to be finalized oyesterday June 15. The terms of the sale were not disclosed.
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Ford C. Barton, Principal of Lodging Partners, LLC, has arranged the sale of the Quality Inn & Suites, Myrtle Beach, South Carolina. The 66-room, two-story hotel was purchased by a regional hotel investor for the $2,975,000 asking price.
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Built in 1922 to house the Temple Adath Yeshurun congregation, and later home to Salt City Center for the Performing Arts, the eco-friendly hotel was the city’s first to achieve LEED Platinum certification from the U.S. Green Building Council.
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