Hotel
Silverstein Team Buys Beekman Tower, Plans Renovation
The Beekman Tower Hotel in Midtown Manhattan has found a new owner and will soon find a new life. Silverstein Properties and a group of partners have acquired the 174-room hotel from Lone Star and will transform it into a luxury corporate apartment destination.
Global Hospitality Icon to Grow Sheraton Brand by 30 New Hotels
Starwood Hotels & Resorts Worldwide plans to open 30 new Sheraton properties across the world over the next 12 months.
Pebblebrook Buys Embassy Suites in Downtown San Diego for $112M
Pebblebrook Hotel Trust, of Bethesda, Md., has purchased the Embassy Suites San Diego Bay – Downtown for $112.5 million.
Mövenpick Hotels & Resorts Opens Fifth Property in Dubai
With the launch of the Mövenpick Hotel Apartments The Square on Jan. 20, Mövenpick Hotels & Resorts has become the first international hotel company to operate a property in Dubai’s elegant district of Al Mamzar.
Rezidor Signs Four New Hotel Projects, Opens Five New Hotels in 4Q12
The Rezidor Hotel Group announced that the final quarter of 2012 was a successful one, as the Belgium-based group signed four new hotels with more than 1,200 rooms and opened five new ones with 1,100 rooms.
Interstate,Waramaug JV Buys Orlando-Area Resort
In its fifth joint acquisition over the past two years with Waramaug Hospitality, of Washington, Conn., Interstate Hotels & Resorts has acquired the Radisson Resort Orlando – Celebration, in Celebration, Fla.
Host Hotels & Resorts Sells Atlanta’s Largest Hotel for Reported $293M
Host Hotels & Resorts has sold the 1,663-room Atlanta Marriott Marquis to an undisclosed buyer for a reported $293 million.
$2B Century Plaza Project Wins Unanimous Vote of LA City Council
With the final approval of the Los Angeles City Council secured, Next Century Associates is moving forward with its $2 billion plan to redevelop the historic Hyatt Regency Century Plaza Hotel and build two 46-story residential towers as part of a 1.5 million-square-foot mixed-use project.
Ireland’s First DoubleTree by Hilton to Open in February
Hilton Worldwide will introduce the upscale DoubleTree by Hilton brand to Ireland with the launching of a new hotel in Dublin, one of Europe’s most popular tourist destinations.
Aimbridge Hospitality Secures Management of 103 Former Jameson Hotels
Aimbridge Hospitality has has added 103 assets of former Jameson Inns, owned by Colony Capital.