Hotel
citizenM Hotels Gets New Investor, $842M in Equity
GIC, the sovereign wealth fund of the Government of Singapore, will acquire a 25 percent stake in the Dutch hospitality brand in a transaction valuing the company at $2.2 billion.
RI Homewood Suites by Hilton Welcomes First Guests
Located in the heart of the capital city’s financial district, the 120-key property is within walking distance of Rhode Island State House.
Three-Hotel Portfolio Changes Hands in Boston Area
HFF handled the sale of the 433-key portfolio in the competitive Boston hospitality market. Jamsan Hotel Management purchased the assets from Linchris Hotel Corp.
Hilton Opens New Embassy Suites in IN
The new Embassy Suites hotel will include 174 keys located in close proximity to the Indianapolis International Airport. The property includes 10,1000 square feet of event space.
Historic Hotel in Downtown Detroit Changes Hands
An LLC led by partners Mario Kiezi and Mike Abdulnoor bought The Royal Palm/Park Avenue Hotel and are planning a full restoration of the asset.
Conrad Washington, DC Opens Doors
The 360-key property, developed by Hines and Qatari Diar at the gateway of the CityCenterDC mixed-use development, marks Hilton’s first luxury hospitality venue in the nation’s capital.
Hyatt Centric Expands in TN and TX
Three new Hyatt Centric hotels are slated to open in Memphis, Nashville and Austin in 2020 and 2021. Currently, the brand has 26 properties across 11 countries.
Choice Hotels Opens 810-Key Property in Olso
Designed with an emphasis on sustainability, the hotel is part of a larger Clarion expansion across Scandinavia. Nordic Choice developed and owns the asset.
Orlando Hotel Welcomes First Guests
Sunbelt’s new Home2 Suites by Hilton is situated less than 3 miles from the Orlando International Airport and close to the area’s major theme parks.
Downtown Miami’s Hotel Sector Shines On
The area’s beaches have long been a hospitality magnet, but the city core is lately emerging as a powerful contender.