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Hotel news in USA (United States of America)

Artic acquires Viceroy hotel in Miami

Artic acquires Viceroy hotel in Miami

🕔Jun 9, 2016

Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company in Qatar has acquired the Viceroy Miami luxury boutique hotel and will now convert the property into a W hotel to be renamed W Miami.

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Ashford Trust announces planned sale of 5-hotel portfolio

Ashford Trust announces planned sale of 5-hotel portfolio

🕔Jun 8, 2016

Ashford Hospitality Trust, a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale hotels, has recently announced that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for US$142 million in cash (US$102,000 per key) to Noble Investment Group.

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Provenance Hotels Partners Fund I acquires hotel in New Orleans

Provenance Hotels Partners Fund I acquires hotel in New Orleans

🕔Jun 7, 2016

Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.

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New investment in the USA: Commerz Real acquires boutique hotel in New York City for hausInvest

New investment in the USA: Commerz Real acquires boutique hotel in New York City for hausInvest

🕔May 27, 2016

Commerz Real’s open-ended real estate fund hausInvest as part of its strategy to further expand its hotel investment portfolio. Its latest acquisition is the newly completed 11 Howard hotel, a 221 room boutique hotel on Howard Street in New York’s trendy SoHo district.

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Tribute Portfolio (Starwood) announces three new signings reaching 20 openings worldwide

Tribute Portfolio (Starwood) announces three new signings reaching 20 openings worldwide

🕔May 16, 2016

Tribute Portfolio, a collection of independent hotels and resorts from Starwood Hotels & Resorts Worldwide, Inc, has announced three new signings, bringing the brand’s footprint to 20 properties worldwide, exactly double the original growth projection for its first year.

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Choice Hotels International Announces Cambria hotels & suites Chicago Double Hotel Debut

Choice Hotels International Announces Cambria hotels & suites Chicago Double Hotel Debut

🕔May 10, 2016

Choice Hotels International, an American hospitality holding corporation based in Rockville, Maryland, in the United States, has recently celebrate the debut of two new Cambria hotel & suites projects in Chicago.

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North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville

North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville

🕔May 9, 2016

Nashville is about to gain 468 hotel rooms next to the Music City Center convention facility now that financing is set and construction nears on the first Marriott tri-branded property in the U.S.

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Home2 Suites by Hilton expands in Oklahoma with new hotel in Tulsa

Home2 Suites by Hilton expands in Oklahoma with new hotel in Tulsa

🕔May 5, 2016

Home2 Suites by Hilton, part of Hilton Worldwide's industry-first All Suites portfolio, has announced its newest property, Home2 Suites by Hilton Tulsa Hills.

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RLJ Lodging Trust strengthens balance sheet by refinancing over $1.0 Billion of debt

RLJ Lodging Trust strengthens balance sheet by refinancing over $1.0 Billion of debt

🕔Apr 29, 2016

RLJ Lodging Trust has recently announced that it successfully refinanced over $1.0 billion of debt consisting of a $400.0 million unsecured term loan, a $400.0 million revolving credit facility, $148.5 million in secured loans provided by Wells Fargo Bank, N.A., and an $85.0 million secured loan provided by PNC Bank, N.A.

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China’s HNA Tourism Group agrees to acquire Carlson Hotels, Inc.

China’s HNA Tourism Group agrees to acquire Carlson Hotels, Inc.

🕔Apr 28, 2016

HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance, and online services among other sectors, and Carlson Hospitality Group, Inc. today announced they have entered an agreement, for the acquisition of Carlson Hotels, Inc.

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EL Group and InSite Group acquire Sagamore Hotel in Miami Beach

EL Group and InSite Group acquire Sagamore Hotel in Miami Beach

🕔Apr 28, 2016

A joint venture between InSite Group, a boutique real estate investment and development company founded in 1996 and based in South Florida, and the New York-based EL Group has acquired the historic 93-room Sagamore Hotel, located in the heart of world-famous South Beach, a neighborhood in the city of Miami Beach, Florida, United States.

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Starwood’s Element brand will open 22 hotels in the US and Canada by 2018

Starwood’s Element brand will open 22 hotels in the US and Canada by 2018

🕔Apr 27, 2016

Starwood Hotels & Resorts Worldwide, Inc. has recently announced it will significantly expand its Element Hotels portfolio in North America.

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Marriott International expands Delta Hotels and Resorts Globally with opening of first U.S. property

Marriott International expands Delta Hotels and Resorts Globally with opening of first U.S. property

🕔Apr 26, 2016

Delta Hotels and Resorts announced the April 21st the official grand opening of the Delta Orlando Lake Buena Vista in partnership with JHM Hotels. This is Delta’s first branded hotel in the United States and signals the global expansion of the Delta brand. 

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Country Inns & Suites by Carlson opens hotel near Harrisburg International Airport

Country Inns & Suites by Carlson opens hotel near Harrisburg International Airport

🕔Apr 25, 2016

Country Inns & Suites By Carlson, the upper-mid scale hotel brand, has recently announced the opening of Country Inn & Suites By Carlson, Harrisburg West, PA in the capital city of the U.S. state of Pennsylvania. The hotel is located 20 minutes from Harrisburg International Airport at 4943 Gettysburg Road.

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Xenia Hotels & Resorts sells DoubleTree By Hilton Washington D.C. for $65 million

Xenia Hotels & Resorts sells DoubleTree By Hilton Washington D.C. for $65 million

🕔Apr 22, 2016

Xenia Hotels & Resorts sells DoubleTree By Hilton Washington D.C. for $65 million. The price represents a 15.7x multiple on the hotel's 2015 EBITDA and a 5.5% capitalization rate on 2015 net operating income. In addition to the purchase price, the company retained the approximately $3.1 million balance in the hotel's capital expenditure reserve account.

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Union Investment acquires LondonHouse Chicago Hotel for $315 Million

Union Investment acquires LondonHouse Chicago Hotel for $315 Million

🕔Apr 21, 2016

An Oxford Capital Group, LLC led venture with Angelo, Gordon recently announced the $315 million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany's Union Investment Real Estate.

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LaSalle Hotel Properties appoints new Chief Financial Officer

LaSalle Hotel Properties appoints new Chief Financial Officer

🕔Apr 21, 2016

LaSalle Hotel Properties has announced the appointment of Kenneth G. Fuller as Executive Vice President, Chief Financial Officer, Secretary, and Treasurer, effective April 25, 2016. Mr. Fuller succeeds Bruce A. Riggins, who will leave the company to pursue other opportunities. Mr. Riggins will continue to serve as the Company’s Chief Financial Officer for the transitional period.

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MGM Resorts International announces pricing of IPO by MGM Growth Properties LLC

MGM Resorts International announces pricing of IPO by MGM Growth Properties LLC

🕔Apr 20, 2016

MGM Resorts International today announced the pricing of the initial public offering of 50,000,000 Class A common shares representing limited liability company interests by its subsidiary MGM Growth Properties LLC (MGP) at a public offering price of $21.00 per share for gross proceeds of $1.05 billion.

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Marriott and Starwood Stockholders vote to approve merger

Marriott and Starwood Stockholders vote to approve merger

🕔Apr 20, 2016

Marriott International and Starwood Hotels & Resorts Worldwide have recently announced that at separate special stockholder meetings the stockholders of both companies approved proposals relating to Marriott’s acquisition of Starwood.

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Star Hospitality Group Announces Appointment of Lance Herman as Chief Operating Officer

Star Hospitality Group Announces Appointment of Lance Herman as Chief Operating Officer

🕔Apr 19, 2016

Star Hospitality Group announced today that Lance Herman has been appointed as Chief Operating Officer (COO) for the company's growing hotel staffing division. Herman most recently served as Area Manager for citizenM as the Dutch brand planned for, and then successfully launched, its initial presence in the New York market. Prior to working with citizenM, he served as General Manager for multiple properties representing the full spectrum of boutique and national hotel brands.

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