Hotel
Residence Inn by Marriott Breaks Ground in Houston
The 182-key hotel broke ground near the Texas Medical Center. Moody National Hospitality Management will be responsible for managing the 5,000-square-foot property.
Meridian Secures Financing for Tallahassee Hotel
Wyndham Garden Capitol features a wide array of amenities including an outdoor pool and a 24-hour fitness center. The property will undergo a full renovation this year.
Chesapeake Lodging Trust to Sell $46M Minneapolis Hotel
The Hotel Minneapolisis situated in the heart of Minneapolis, offering convenient access to sports venues, cultural amenities and many corporate headquarters. The trust first purchased the asset back in 2012.
Marriott’s Moxy Debuts in Japan
American Hotel Management, a wholly owned subsidiary of developer Pacifica Capital, will be in charge of operating the 205-key property.
Live! by Loews Hotel Breaks Ground in Arlington
The 302-key flagship property is part of a $4 billion entertainment district plan, which includes the preservation of Globe Life Park, as well as the construction of a new ballpark for the Texas Rangers.
First Park Hyatt Lands in the Caribbean
The upscale Christophe Harbour resort is located on the island of St. Kitts and offers 126 rooms and suites, as well as a 37,752-square-foot spa.
Plano, Texas Marriott Legacy Commands $104M
Ashford Hospitality Prime dispensed the 404-key hotel, completing a reverse 1031 exchange that the company initiated to acquire the Hotel Yountville in California earlier this year.
Orlando Hospitality Developers Begin to Explore Mixed-Use
Orlando’s hospitality and tourism industries aren’t showing any signs of slowing down, but with land costs rising, developers may need to shift their strategies. Daniel Bachrach, partner at Foley & Lardner, discusses the trends and changes to come for the market.
Tru by Hilton Debuts Internationally
The three properties are Tru by Hilton Edmonton-Windermere, slated to open in 2018, and Tru by Hilton Markham and Tru by Hilton Kingston, scheduled to debut in 2019.
Residence Inn Salt Lake City Opens Doors
The 99-key Residence Inn Salt Lake City – West Jordan has opened its doors. Utah Hospitality of Aberdeen, S.D., will manage the property.