253 Room Andaz Wall Street Hotel in New York Sold

Navika Group of Companies and Blue Sky Hospitality Solutions (BSHS) Management Company today announced the acquisition of Andaz Wall Street, which has rebranded to Hyatt Centric Wall Street New York. The hotel plans to resume operations and begin welcoming guests on January 26, 2022.
Source: New feed

Scandic to Open Climate-neutral Hotel in Sundsvall in 2024

Scandic Hotels has signed a long-term lease agreement with Skanska for a new 210-room hotel in downtown Sundsvall. The new hotel, which will be located in the city’s harbor area, will be built of wood, giving it a very high environmental standard. The hotel is expected to open during 2024.
Source: New feed

Steigenberger Porsche Design Hotels Coming to Saudi Arabia

The Tourism Development Fund (TDF) signed a Memorandum of Understanding (MoU) with Deutsche Hospitality to develop and operate Steigenberger Porsche Design Hotels projects in Saudi Arabia. The agreement includes the right to exclusively launch the first Steigenberger Porsche Design Hotels project in the Middle East.
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Summit Hotel Properties Acquires 26 Hotel Portfolio for $776.5 Million

Summit Hotel Properties, Inc. (NYSE: INN) yesterday announced that it has completed an initial closing of the previously announced portfolio acquisition through its existing joint venture with GIC from affiliates of NewcrestImage. The initial closing included 26 of the 27 hotels totaling 3,533 guestrooms, two parking structures, and various financial incentives.
Source: New feed

Aloft Knoxville West Hotel Sold

Commonwealth Hotels announced the acquisition of the Aloft Knoxville West. The Aloft, a Marriott branded hotel, is the first hotel for Commonwealth in the state of Tennessee.
Source: New feed