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.
Leisure - Upscale News
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.
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.
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.
Marriott International expands Delta Hotels and Resorts Globally with opening of first U.S. property
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‚Äôs first branded hotel in the United States and signals the global expansion of the Delta brand.¬†
Hispania, the Spanish REIT, has acquired four hotels in the Canary islands through the acquisition of the debt associated to them.
Louvre Hotels Group strengthens its position in Africa with the opening of the new Golden Tulip Nairobi City
Louvre Hotels Group has recently announced the opening of its¬†4-star Golden Tulip Westlands Nairobi hotel,¬†which¬†counts¬†with¬†94 rooms and offers a multitude of high-end services including several fine dining restaurants, spas and swimming pools as well as conference rooms for business travellers.
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.
The resort owned by Tikida Group and managed by RIU Hotels & Resorts, remains all-inclusive and exclusively for guests aged 18 and over. The hotel will welcome the upcoming summer season with a fresh, more modern and elegant look thanks to the revamped design of its facilities.
After a full renovation, RIU Hotels & Resorts is reopening its signature hotel in Nerja, in front of Torrecilla beach, the Riu Monica with 234 rooms. The hotel, first inaugurated in 1996, will be recommended for adults aged 18 and over. The hotel's public areas, the pool bar, bar lounge and the main restaurant have also been renovated. A new Spanish restaurant has been added to the hotel's offer. The resort will also maintain its two pools, one outdoor and another indoor open in the winter.
Minor Hotel Group (MHG),¬†owner and operator of hotels and resorts in 22 countries across¬†Asia Pacific, the¬†Middle East,¬†Europe,¬†South America,¬†Africa¬†and the Indian Ocean, today announced¬†completion of the final stage of its acquisition of¬†Tivoli Hotels & Resorts, a well-known¬†Portugal-based brand with 14 properties across¬†Portugal¬†and¬†Brazil.