Hospitality Investors Trust Completes Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million

May 1, 2017

The seven hotels in the Summit Portfolio consist of 651 keys and were acquired for an aggregate purchase price of $66.8 million. All the properties in the portfolio have long term franchise agreements with one of the following brands: Marriott International (Courtyard, Residence Inn and Fairfield Inn), Hilton Hotels (Homewood Suites) or IHG (Staybridge Suites).
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Omni Hotels & Resorts Acquires Remianing Interest in Omni Atlanta Hotel at CNN Center

April 27, 2017

Omni Hotels & Resorts announced today that it has acquired Time Warner Inc.’s 50 percent interest in the Omni Atlanta Hotel at CNN Center, and now has full ownership and management of the property. Omni Hotels & Resorts partnered with Turner Broadcasting in 2000 to acquire the hotel’s south tower and build the 600-room north tower, which opened in 2003.
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Darden Restaurants Completes Acquisition Of Cheddar's Scratch Kitchen

April 26, 2017

Darden Restaurants, Inc. (NYSE: DRI) this week announced that it has completed the acquisition of Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners.
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120 Room St. Regis Los Cabos Hotel Announced for 2021

April 26, 2017

Expected to open in early 2021, The St. Regis Los Cabos will be located in Quivira, Los Cabos, an exclusive residential community where the Pacific Ocean meets the Sea of Cortez.
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