Why there could be even more amazing hotel deals
JLL said hotel transactions valued at over $200 million have reached an eight-year high, with plenty of potential for more in the second half of the year. NATIONAL REPORT —…
Quotes of the week: Kempinski, Choice, Mountain Shore, Outrigger
Memorable quotes from this week’s stories, including the bold statement from Kempinski Hotels’ new CEO, Barbara Muckermann, on the future of the luxury brand. Quote of the week“Get ready because…
What concerns Australian hotel finance executives most?
At a HICAP ANZ panel in Sydney, hotel managers discuss financing, insolvency issues and recent tax changes in the Australian hotel and restaurant industry. SYDNEY — Construction risk was a…
Collective Hospitality will attempt to revive Selina
The Singapore-based adventure travel brand takes over a failed brand with 100 hybrid hotels/hostels. LONDON – Singapore-based Collective Hospitality has confirmed it will acquire a majority stake in Nasdaq-delisted Selina…
Latest news: Buyer for Selina Hospitality?; new residences in Naples; DR resort sold
Latest news on deals, developments, data and more. Collective Hospitality acquires assets from Selina? Singapore-based Collective Hospitality has reportedly acquired Selina Hospitality, which filed for bankruptcy earlier this month, Globes…
Dormitory developer appreciates benefits of Hyatt standard deal
Despite the franchise fees, Mountain Shore Properties plans to continue developing with Hyatt and sees the low interest rate environment as a catalyst for further deals and developments. Stephen Wendell,…
Outrigger CEO Wagoner on prospects and plans for Hawaii
Travel Weekly asked about the recovery on Maui, the broader Hawaii market and Outrigger’s outlook in the Asia Pacific region. Outrigger Resorts & Hotels has steadily expanded its presence in…
Latest News: Offers in Daytona Beach, Tampa; Valencia expands offerings in Texas
Latest news on deals, developments, data and more. PRM Hotel Group buys in Florida. Ormond Beach, Florida-based PRM Hotel Group has acquired the new construction of La Playa Hotel in…
CDC Houston acquires Houston City Place Marriott
Through the acquisition, CDC Houston becomes the majority owner of all three restaurant properties in the massive development in north Houston. HOUSTON — CDC Houston, a subsidiary of New York…
Latest news: New Echo Suites in Texas; US hotels remain unchanged in July; Banyan debuts in Japan
Latest news on deals, developments, data and more. The second Echo Suites opens in Texas. Wyndham Hotels & Resorts has opened its second Echo Suites Extended Stay hotel in Plano,…
