Embassy Suites by Hilton Washington D.C. Georgetown Sold

EOS Investors LLC, a privately held real estate investment firm, today announced its acquisition of Embassy Suites by Hilton Washington D.C. Georgetown, a 197-room hotel in the capital's West End neighborhood at the doorstep of historic, Georgetown.
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Holiday Inn Balikpapan to Open 2021 on Borneo Island

InterContinental Hotels Group (IHG) today announces the signing of a management agreement with PT Wijaya Karya Realty (WIKA Realty) to open the new build Holiday Inn Balikpapan slated to open in 2021. The 300-room hotel will form part of a mixed-use development called Tamansari Skylounge Balikpapan which comprises of a residential tower and the hotel.
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Xenia Hotels & Resorts Sells Seven-Hotel Portfolio For $483 Million

The portfolio consists of seven Kimpton-managed hotels, including Canary Hotel Santa Barbara, Hotel Monaco Chicago, Hotel Monaco Denver, Hotel Monaco Salt Lake City, Hotel Palomar Philadelphia, Lorien Hotel & Spa in Alexandria, Virginia, and RiverPlace Hotel in Portland, Oregon.
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Government of The Bahamas Sells the Grand Lucayan Resort

The Government of The Bahamas sold the Grand Lucayan on Monday, March 2, 2020 to a partnership between Royal Caribbean International and ITM (Bahamas Port Investments Ltd.), which is expected to make a $250 million investment between the hotel and the redevelopment of the cruise port.
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Aman Announces New Hotel Brand – Janu

Janu launches with three forthcoming hotels which are already under construction: Montenegro (2022), Al Ula in Saudi Arabia (2022) and Tokyo (2022), as well as a pipeline of future hotels.
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New Andaz-Branded Luxury Residences to Debut at Costa Rica's Peninsula Papagayo

Peninsula Papagayo, the 1,400-acre club and resort community located in Guanacaste on the North Pacific Coast of Costa Rica, and Hyatt Hotels Corporation today announced they will expand their relationship with the development of a collection of Andaz-branded residences at Peninsula Papagayo.
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