Ownership
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FT. LAUDERDALE, FL–Banyan Investment Group (BIG), an Inc. 5000-recognized, hotel investment company that acquires hotels in the United States, today announced the sale of the 96-room Kimpton Goodland Hotel Fort Lauderdale Beach in Fla., to DiamondRock Hospitality Company for $35.3…
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Ashford Files Investor Presentation With Updated Long-term Growth Projections
DALLAS—Ashford Inc. (NYSE American: AINC) (“Ashford” or the “Company”) today announced that it recently posted on the Company’s website a comprehensive presentation for investors, which includes updates to its previously provided long-term growth projections. Detailed within the presentation, the Company…
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Chatham Lodging Trust Announces Strong First Quarter 2022 Results
WEST PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced results for the first quarter ended March 31, 2022. First Quarter 2022 Operating…
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Hersha Hospitality Poised To Sell 7 Non-Core Assets
Hersha Hospitality Trust, owner of hotels in urban gateway markets and regional resort destinations, has entered into a definitive agreement to sell seven of its non-core, urban select-service properties outside of New York for gross proceeds of $505 million, or…
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OTO Development Introduces Homewood Suites Myrtle Beach Oceanfront
SPARTANBURG, SC—OTO Development has converted an independent on-the-sand property in Myrtle Beach, South Carolina, to the Homewood Suites by Hilton brand. OTO, which is part of The Johnson Group, acquired South Bay Inn & Suites in May 2021 and completed…
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Mission Hill Hospitality Acquires Homewood Suites By Hilton Cathedral City Palm Springs
DENVER-–Mission Hill Hospitality, a KSL Capital Partners portfolio company focused on transforming select service and extended stay hotel investing, announced it has acquired Homewood Suites by Hilton Cathedral City Palm Springs, a 197-key property in Cathedral City, CA. This is…
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Mission Hill Hospitality Acquires Dual-Branded Residence Inn And Fairfield Inn & Suites Boston Waltham
DENVER–Mission Hill Hospitality, a KSL Capital Partners portfolio company focused on transforming select-service and extended-stay hotel investing, announced it has acquired the Residence Inn and Fairfield Inn & Suites Boston Waltham in Massachusetts. Island Hospitality, the premier third-party management company…
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HEI’s Luxury Lifestyle Portfolio Continues To Grow With The Acquisition Of Hotel Ivy
An architectural jewel in the heart of downtown Minneapolis is the latest addition to HEI Hotels & Resorts’ list of newly acquired properties. The AAA Four-Diamond Hotel Ivy, a Luxury Collection Hotel, has been purchased by a joint venture between…
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Procaccianti Companies Expands Upscale Boutique Hotel Collection With Acquisition Of The Chatham Wayside Inn On Cape Cod
PROVIDENCE, RI– Procaccianti Companies, one of the nation’s premier real estate investment and services firms, today announced the acquisition of The Chatham Wayside Inn, located at 512 Main Street, Chatham, Massachusetts, in the heart of historic Cape Cod. The 56-room…
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Peachtree Increases Footprint With Acquisition Of Seven Hotels
ATLANTA–Peachtree Hotel Group (“Peachtree”) continues to capitalize on the hotel industry’s recovery by acquiring seven premium-branded hotels for approximately $135 million. The acquisitions, totaling 829 rooms, include six Hilton hotels and one Marriott hotel. All hotels will be operated by…