Embassy Suites Napa Valley Hotel Sold for $102 Million
RLJ Lodging Trust (NYSE: RLJ) today announced that the Company has closed on the sale of the 205-room Embassy Suites Napa Valley for $102.0 million or approximately $498,000 per key.
Development
259 Room Tru by Hilton Hotel Breaks Ground in Orlando, Florida
The 259-room, eight-story hotel will be located on Westwood Boulevard, just south of the Orange County Convention Center, and it is the largest Tru property to be built so far. It is expected to be completed in Q4 of 2019.
Little Sister Resort in Wisconsin Listed for Sale
All of the property may be subdivided or redeveloped for multiple uses. Of the $8.55 million, Pebble Beach is listed at $3.6 million and the resort and restaurant are listed at $4.95 million.
Live! by Loews St. Louis, MO Hotel to Open Q1 2020
Hotel Will Be Located Inside $260 Million Phase Two of Ballpark Village
AC Hotel by Marriott Melbourne Southbank Hotel Announced For 2020
Marriott International Inc. today announced it has signed an agreement with Melbourne-based property development company Capital Alliance to introduce the AC Hotels by Marriott, brand to Australia.
OUCH: St. Regis, W, And Westin Dubai All Leaving Starwood – One Mile At A Time
Dubai is Starwood’s second biggest market after New York, though it’s losing four hotels over the course of just a few weeks. Dubai will be going from having two St. Regis properties to having zero St. Regis properties. That’s rough.
Residence Inn by Marriott Philadelphia Great Valley | Malvern Hotel Sold
Noble Investment Group today announced the acquisition of the Residence Inn by Marriott Philadelphia Great Valley | Malvern. The all-suite, extended stay hotel, which opened in April 2016, is located in Great Valley/Malvern proximate to the Route 29 and Pennsylvania Turnpike interchange, within the King of Prussia/Valley Forge submarket.
Riverside Inn & Suites in Rockford, Ill Joins Ascend Collection
The Riverside Inn & Suites is the latest hotel to join the Ascend Hotel Collection. The hotel is located on Riverside Boulevard and overlooks Rock River, and has been a staple in the Rockford, Ill., community for more than 20 years.
Hotel St. Cloud in Canon City, Colorado Offered at No Reserve Auction
Live & Online Bidding for this incredible investment will be held at the Hotel St. Cloud at 631 Main St, Canon City, CO on July 26th at 1:03PM.
The Bernic Hotel in Midtown Manhattan Joins Tapestry Collection by Hilton
With floor-to-ceiling windows in every room and balconies in more than 75 percent of them, guests can take in spectacular views of Midtown Manhattan. In addition to the rooms with a view, The Bernic offers a changing collection of images and creations by artist Ian Sklarsky that have become seasonal fixtures in the hotel.