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.
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.
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.
Hotel Will Be Located Inside $260 Million Phase Two of Ballpark Village
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.
Dubai is Starwoods second biggest market after New York, though its 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. Thats rough.
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.
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.
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.
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.