Kimpton Hotel Vintage Seattle Sold for $33.7 Million

Included in the acquisition of Kimpton Hotel Vintage Seattle is the Hotel Vintage brand. The Vintage brand was the first brand launched by Bill Kimpton in 1983 with the creation of Hotel Vintage Court in San Francisco. It later included Hotel Vintage Seattle and Vintage Plaza in Portland (currently known as Hotel Vintage), which was the first Kimpton hotel outside of California.
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Park Hotels & Resorts No Longer Makes Payments on Two of Its San Francisco Hotels

Park Hotels & Resorts Inc. (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non – recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of its San Francisco hotels – the 1,921 – room Hilton San Francisco Union Square and the 1,024 – room Parc 55 San Francisco.
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Sonesta Launches Two New Soft Brands

Sonesta International Hotel Corporation (Sonesta) today announced the debut of two soft brands within its expanding portfolio, Classico, A Sonesta Collection (Classico) and MOD, A Sonesta Collection (MOD).
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Marriott International Announces New Extended Stay Lodging Brand

Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.
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