Category: Real Estate

September 26, 2022

CorpHousing Group Inc. (Nasdaq: CHG) on Friday announced it has acquired long-term rights to The Tuscany Hotel in New York City via a 15-year Master Lease Agreement. The addition of The Tuscany brings to nine the total number of hotels […]

September 12, 2022

Arch Amenities Group, a full-service global provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs, today announced the acquisition of Innovative Spa Management, Privai and Spa Space, the latter of which it gained […]

September 9, 2022

NewcrestImage has reached definitive agreement to purchase 45 hotels from a private investment firm. Terms of the transaction were not disclosed. The portfolio totals approximately 3,300 rooms and includes 35 Marriott-branded, seven Hilton-branded, two Choice-branded, and one Radisson-branded properties, which […]

September 8, 2022

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels in over 95 countries, today announced its acquisition of the Vienna House brand for €44 million ($44 million) adding an upscale and midscale portfolio of approximately […]

September 8, 2022

Marriott International, Inc. today announced it has signed an agreement with Steamships Trading Company Ltd., to debut its first property in Papua New Guinea, the Marriott Executive Apartments Port Moresby. Slated to open in mid-2023, the property is set to […]

August 10, 2022

Colliers Hotels announces it acted as exclusive advisors in the sale of the 71-key Le St-Martin Bromont Hotel & Suites. The Property is the newest hotel in the local market and is well-located in Quartier Bromont, the City’s primary shopping […]

July 19, 2022

Preferred Hotels and Resorts, the world’s largest independent hotel brand representing more than 650 hotels, resorts, and residences across 80 countries, welcomed 19 new member properties to its global portfolio between April 1 and June 30 this year. Ranging from […]

June 30, 2022

Airbnb rolled out a new “split-stay” booking feature in May in response to consumers’ shifting demand for post-pandemic travel. Will Airbnb’s new booking feature become a game-changer in the lodging industry? How does Airbnb’s new split-stay feature work? Airbnb will […]

June 7, 2022

Kimpton Hotels & Restaurants has launched the development on new projects in Reno, Nevada and Raleigh, North Carolina. Slated to open in late 2024, the forthcoming Kimpton in Reno will occupy 16 stories of a 20-story mixed-use tower, which recently […]

May 24, 2022

Newport Hospitality Group, Inc., based in Williamsburg, Virginia, is excited to announce the addition of the DoubleTree Suites by Hilton Hotel Philadelphia West, a 253-room full-service, all-suite property. Newport Hospitality Group’s 14th Pennsylvania hotel offers 13 meeting rooms with 6,326 […]

April 22, 2022

DSH Hotel Advisors announced that Dennis S. Hopper, CCIM, Managing Principal and Dylan Amin, Senior Investment Associate arranged the sale of the Quality Inn At International Drive Orlando, FL for an undisclosed price on April 18, 2022. DSH Hotel Advisors […]

April 12, 2022

Radisson Hotel Group is accelerating its development pipeline targets in Turkey to reach 50 hotels by 2023 instead of 2025. In 2022, the Group plans to grow its presence in the country with 10 additional hotels and to introduce two […]

November 10, 2021

The hotel industry transactions environment came back with a vengeance during the third quarter after an extended gridlock induced by the COVID-19 pandemic and an associated bid-ask gap. A wave of deals were announced in conjunction with third quarter earnings, […]

November 5, 2021

An affiliate of Chicago-based Brick by Brick Capital has acquired the Four Seasons Island Resort, in partnership with hotel operator Life House as the newest addition to its portfolio of authentically-local boutique hotels. The 70-acre property represents both Brick by […]

October 25, 2021

NEW YORK – Certares Management LLC a leading investment specialist dedicated to the travel, tourism and hospitality sectors (together with its affiliates, “Certares”), in partnership with Highlands Investments LLC (“Highlands”) and Monomoy Property Ventures LLC (“MPV”), today announced the acquisition […]

October 15, 2021

The U.S. economy is expected to grow roughly six percent for the year, however with one quarter to go in 2021, this year has done its best to be as tumultuous and volatile as the last. It feels like we’ve […]

August 4, 2021

Earlier this year, we announced a new, improved browsing and booking experience that gives guests even more flexibility when planning their travel. We’re working to make it easier for people to integrate travel into their lives with these new features, […]

May 28, 2021

Florida-based NDM Hospitality, innovators of the family travel and dining industries are slated for significant growth this year, expanding beyond Florida nationally and internationally. Known for recognizing changing consumer needs and creating new vacation concepts, in addition to bringing a […]

May 26, 2021

Inspired by the major shift in how people are traveling and anticipating the unprecedented travel rebound, we are today introducing more than 100 upgrades to refine and improve every aspect of the Airbnb service, from our website and app to […]

May 25, 2021

Travelers are emerging from more than a year of confinement with a major travel itch. According to the latest Airbnb Report on Travel & Living, guests booked vacation rentals in more than 94,000 destinations over the course of the pandemic, […]