CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16th, 2024
Paramount Lodging Advisors Successfully Transacts Chicago Renaissance OHare Hotel
Paramount Lodging Advisors | November 7th, 2023
Lightstone Value Plus REITs Buy Four Marriott and Starwood Arkansas Hotels for $29.1 Million
LVPR | June 28, 2013
NEW YORK - June 28, 2013 - Lightstone Value Plus Real Estate Investment Trust, Inc. ("LVPR") and Lightstone Value Plus Real Estate Investment Trust II, Inc. ("LVPR II") announced today the acquisition of four Marriott and Starwood hotels in Arkansas for $29.1 million. LVPR acquired the Marriott Fairfield Inn in Jonesboro and the Aloft Hotel in Rogers, a Starwood property, for $18.4 million. They have a combined 213 keys. LVPR II purchased two Marriott TownePlace Suites in Little Rock and Johnson, which have a combined 184 keys, for $10.7 million. "We believe these are four well-located premium branded hotels in diverse markets," said Da...
AWH Partners Acquires the 133-room High Peaks Resort in Lake Placid, New York – Plans to Renovate
AWH Partners, LLC | June 27, 2013
NEW YORK (June 27, 2013) - AWH Partners, LLC - a privately held, New York-based, real estate investment, development and management firm - announces today the acquisition and planned renovation of its eighth asset - High Peaks Resort in Lake Placid, NY. "This transaction demonstrates our ability to source opportunities off-market, and identify value where others may not see it. Resorts continue to be the least-favored sector in the business and we see that changing rapidly over the next few years, making what we believe is a very good buy and an exceptional investment for AWH and our investors," says Chad Cooley, principal of AWH Partne...
Waramaug LS Hotels, LLC Forms $150 Million Hotel Acquisition Program
Waramaug LS Hotels | June 27, 2013
Acquires Courtyard by Marriott in Paducah, Kentucky as First Asset in the New Fund BOCA RATON, FLORIDA, JUNE 27, 2013 - Waramaug LS Hotels, LLC, a private investment group and its institutional capital partner, announced today they have acquired the 100-room Courtyard by Marriott Paducah West, in Paducah, Kentucky, through their newly formed hotel acquisition platform. The hotel will remain a Courtyard by Marriott and will be managed by Interstate Hotels and Resorts. "This hotel has strong investment potential and has been substantially renovated by the previous owner," said Paul Nussbaum, Waramaug LS Hotel's Founder and Managing Partne...
Carlos Rodriguez of Driftwood Hospitality Talks Hotel Expansion in Miami-Dade, Florida
June 24, 2013
June 24, 2013--Carlos J. Rodriguez has been working in the hotel business in Miami-Dade for 17 years, so he's seen several boom-and-bust cycles. He formed Cardel Hotels in Miami in 1996, a company that merged with North Palm Beach-based Driftwood Hospitality Management 10 years ago. As executive vice president and partner at Driftwood Hospitality Management, Rodriguez is now overseeing a new booming period. Driftwood, a North Palm Beach business with an office in Coral Gables, designs, develops, staffs and manages hotels around the country and in Costa Rica. The company has plans to enter the Canadian market with a joint venture as well...
New Courtyard Miami Beach Oceanfront Tower Slated for Completion August 2013
BuildCentral, Inc. | June 14, 2013
Hotel-Online and BuildCentral Added/Updated 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 17, 2013 - Hotel-Online and BuildCentral have added or updated 136 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Main Street Mixed-Use Development (Royal Oak, MI) LaQuinta (East Syracuse, NY) Coconut Creek Hot...
NewcrestImage Acquires the Historic Cotton Exchange Hotel in New Orleans for $17.8 million
NewcrestImage | June 13, 2013
June 13, 2013 - NewcrestImage continues its ambitious expansion plans with acquisition of the Cotton Exchange Hotel in the French Quarter of New Orleans. The 223-room property, which is designated a National Historic Landmark, was purchased out of foreclosure through a sealed bid process for $17.8 million. "We have long considered New Orleans -- which has a thriving economy and last year attracted more than nine million business and leisure visitors -- as being important to our growth strategy and this acquisition enables us to enter that market in an absolutely unique way," explains Mehul Patel, Chairman and CEO of NewcrestImage. The h...
New Orleans W Hotel to be Converted to a Le Meridien New Orleans by 2014
BuildCentral | June 10, 2013
Hotel-Online and BuildCentral Have Updated 274 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. June 10, 2013 - Hotel-Online and BuildCentral have reported 274 changes in personnel, property management and ownership in the Hotel Profiles database over the last two weeks. Many hotels are getting a fresh start with a new Owner, Property Manager or General Manager. Recommend your product or service to someone who might be looking for a change. Hotels Under New Management: Courtyard San Diego Downtown (San Diego, CA) Residence Inn Columbus Worthington (Columbus, OH) Clarion Hotel Dela...
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