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.
Urban - 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.
Wyndham hotel group expands presence in Oman with two new hotels: Ramada encore and Ramada hotel & suites
Wyndham Hotel Group today announced the signing of two new properties in city of Muscat, Oman, under the umbrella of two of its globally recognised brands, Ramada Encore and Ramada Hotel & Suites. Connected by a footbridge, the three star Ramada Encore Muscat Al Ghubra and four star Ramada Hotel & Suites Muscat Al Ghubra will be situated along Sultan Qaboos street; a short distance from Muscat International Airport, nearby shopping centres and Oman’s renowned Sultan Qaboos Grand Mosque. Both properties are owned by the Al Khaleel Group.
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.
NH Hotel Group chooses Rome for the launch of its upper-upscale brand, NH collection, with a new hotel
The new NH Collection Palazzo Cinquecento is the 53rd hotel of NH Hotel Group in Italy and the tenth NH Collection in this country. Close to the main tourist and cultural destinations in the city, this hotel offers 177 rooms, a 600 square meter terrace, facilities for meetings and events and a complete gastronomic offer.
Emaar hospitality group marks expansion to Saudi Arabia with Vida Jeddah Gate and Vida Residences Jeddah Gate
Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, has launched its first hotel and serviced residence property in Jeddah Gate. The 14 storey Vida Jeddah Gate hotel tower and the 25 storey Vida Residences Jeddah Gate tower are centrally located in Jeddah Gate, by Emaar Middle East.
Rezidor, part of the Carlson Rezidor Hotel Group, has announced the opening of Radisson RED in Brussels, Belgium. It is the very first Radisson RED hotel in the world to open its doors.
Following the acquisition of the Meliá Berlin, Union Investment has secured another high-yield hotel property by Spanish hotel brand Meliá for one of its institutional real estate funds.
SilverNeedle Group is set to open a new Sage Hotel in West Perth, May 2016 in partnership with local Perth private property development and investment group, Australian Development Capital (ADC). The $35 million dollar development signals the Sage Hotel brand entry into the upscale hotel segment in Perth.
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.
The new hotel is located in the old city of Tyumen close to many historical buildings and a short walk to Tura River. It is ideal for business and leisure travelers alike.
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.
American Realty Capital Hospitality Trust acquires 6 Hotels from Summit Hotel Properties for $108.3 Million
American Realty Capital Hospitality Trust, Inc. recently announced that it has completed its previously announced acquisition of six hotels totaling 707 rooms for a purchase price of$108.3 million from Summit Hotel Properties, Inc., a publicly-traded hotel real estate investment trust.
RIU Hotels & Resorts and Dubai master developer Nakheel have formally signed their business partnership agreement.
Meliá Hotels International will launch its first property in New York City in March 2016. Located at 132 West 27th Street between 6th and 7th Avenue, INNSIDE New York NoMad is within easy access of the city’s iconic landmarks and attractions, including New York Highline, Times Square and Madison Square Park.
Courtyard by Marriott Raipur today joins the growing portfolio of more than 1,000 Courtyard by Marriott hotels in more than 40 countries worldwide.
Moody National REIT II, Inc. (REIT II) announced in early February that it has entered into an agreement to purchase the Marriott Springhill Suites Hotel in Seattle, Washington for US$74.1 million, excluding closing costs.