Hotel Yountville in Napa Valley Sold For $96.5 Million

Ashford Hospitality Prime, Inc. (NYSE: AHP) today announced it has entered into a definitive agreement to acquire the 80-room Hotel Yountville in Yountville, CA for $96.5 million ($1,200,000 per key).
Source: New feed

Royalton Bavaro Resort in the Dominican Republic Breaks Ground

On the morning of Wednesday, March 1st a ceremony was held along Bavaro Beach, to mark the commencement of construction on the new Royalton Bavaro. Executives from Blue Diamond Resort were joined by President Danilo Medina and local Ministers to break ground on the exciting resort development project scheduled to open this coming Winter 2017/2018.
Source: New feed

Steigenberger Hotel Linz, Austria Sold to Trans World Corporation

The 176-room, river-front four-star hotel, which opened in 1995, is approximately 35 minutes driving time from the Company’s Route 55 Casino, located on the Czech-Austrian border near Dolni Dvoriste, Czech Republic, and 2.5 hours driving time from its Hotel Savannah/Route 59 complex, near Znojmo, Czech Republic
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Grand Hyatt Baha Mar Set to Open in April

CHICAGO (February 28, 2017) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with CTF BM Operations Ltd. for the operation of…

Source: New feed