Hotel
Colony Capital to Sell $2.8B Hospitality Portfolios
Highgate Hotels will take over 197 properties totaling 22,676 keys in one of the sector’s largest deals since the start of the pandemic.
Hotel Equities to Manage 36-Property Midwest Portfolio
The management company and its affiliate are slated to handle future transactions, conversions and upcoming developments.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
VICI Properties Provides $400M Mortgage to Caesars Entertainment
The loan between the two companies, which have numerous connections, is secured by the Caesars Forum Convention Center in Las Vegas.
Crescent Purchases 330-Key Hotel in Atlanta Suburb
The asset is located within Avalon, the $1 billion, 86-acre mixed-use development in Alpharetta.
CIM Group Debuts Gallery Tower in Las Vegas
The project marks the first ground-up hotel to be built in the downtown area in more than 10 years.
Crestline Tapped to Manage Hyatt Hotels in Phoenix
The dual-branded hospitality property on the Arizona State University campus comprises a total of 259 keys.
CLOSED: 2020 Executive of the Year Public Ballot
It’s time for you to weigh in! We are once again interested in who the industry at large thinks should receive this prestigious honor. Be sure to enter your votes today!
Caesars Entertainment, VICI Properties to Sell Louisiana Casino
The new owner paid $22 million to acquire the Bossier City asset, which has been operating at 25 percent capacity since its reopening in May.
Tru by Hilton Opens Its Doors in Orlando
The hotelier’s newest property under the value-oriented brand puts an emphasis on cleanliness and disinfection.