Hotel
Oxygen Hospitality Group Buys Palm Springs Hotel
Located at 2000 N. Palm Canyon Drive, the 100-key Ivy Palm Resort & Spa will be subject to a series of tech-drive redevelopments.
New Residence Inn Opens in Denver
Situated six miles from Denver International Airport, the hotel owned by DIA Development offers 100 guestrooms including studios, one- and two-bedroom suites.
Blackstone to Acquire LaSalle Hotel Properties for $4.8B
The deal, expected to close in the third quarter, includes 41 properties totaling more than 10,000 guest rooms in 11 markets.
Hilton Berlin Changes Hands
This year, Park Hotels & Resorts has sold more than $500 million worth of hotels as part of its plan to recycle capital out of non-core assets and reduce its presence in international markets.
Hilton Divestment Vindicates Blackstone’s Patience
Analysts outline how the company followed up on the unification of Hilton’s domestic and international sides, and why the investor’s moves have paid off so well.
Michigan State University Sells Iconic Hotel
The property, which was sold to an out-of-state buyer, has been a part of the University’s Housing and Food Service Division since 2000.
Hilton Launches New Embassy Suites in Montreal
Easton’s Group of Hotels is the owner and manager of the new 162-key Embassy Suites by Hilton Montreal Airport. The hotel provides studio and two-room suites.
Raleigh-Area Homewood Suites Opens Doors
Parks Hospitality Group owns and operates the 108-key, all-suite hotel. The ground-up, six-story construction project kicked off in early 2017.
Orlando Hotel Lands $22M Construction Loan
Located on Westbrook Boulevard, the eight-story, 259-key hotel is planned to be the largest Tru by Hilton in the U.S.
AccorHotels, Algeciras to Buy Chilean Hotel Group Atton
The partnership expects to close the deal in the second half of the year, with AccorHotels retaining the option to sell its share in the transaction after five years.