Real Estate
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Rachael Rothman Joins CBRE To Lead Hotels Research
DALLAS—CBRE announced today that Rachael Rothman, a hotel industry veteran with an extensive background as an equity analyst focused on the hospitality industry, has joined the company as Head of Hotels Research & Data Analytics. Ms. Rothman, based in Richmond,…
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Extended Stay America Opens Newest Location In Ormond Beach
CHARLOTTE, NC— Extended Stay America, Inc. (“ESA”) and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”), the largest mid-priced extended-stay hotel brand announced today the opening of the Extended Stay America Ormond Beach located in Ormand Beach, Florida. The four-story 124…
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BWHR Opens Best Western Plus Settlers Point
WASHINGTON, UT—Best Western Plus Settlers Point, operated by Wittwer Hospitality, will be opening its doors to guests this March. The new southern Utah hotel will provide business and leisure travelers affordable lodging with an enjoyable experience they can count on.…
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Extended Stay America Expands Footprint In Oklahoma
CHARLOTTE, NC— Extended Stay America, Inc., the largest mid-priced extended-stay hotel brand, announced today the addition of three properties in Oklahoma through franchise conversions. The properties are all owned by Dallas-based Provident Realty Advisors, Inc. and will be operated by…
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Aloft Tulum Debuts In Mexico’s Bohemian Paradise
Aloft Tulum, a brand-new, boho-chic inspired hotel managed by Highgate Hotels, opened last week near Tulum’s desirable downtown district and its white-sand beaches. The four-floor property features 140 loft-like guest rooms and suites and a variety of vibrant spaces for…
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JLL Appoints Gilda Perez-Alvarado As Global CEO, Hotels & Hospitality
NEW YORK– JLL announced today Gilda Perez-Alvarado has been promoted to Global CEO of its Hotels & Hospitality Group to succeed Mark Wynne-Smith, who will continue as Global CEO of Valuation Advisory. These appointments advance the company’s corporate purpose to…
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OTO Development Acquires Beachfront Hotel In North Carolina
SPARTANBURG, SC– OTO Development is growing once again with its fifth acquisition in just three years, the purchase of the Holiday Inn Resort Wilmington E-Wrightsville Beach. “We are delighted to add this iconic beachfront hotel to our portfolio of owned…
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The Cromwell To Reopen As First Adults Only Resort On Las Vegas Strip
LAS VEGAS—Caesars Entertainment, Inc. plans to resume operations at The Cromwell on Oct. 29 as the first adults-only resort on the Las Vegas Strip. The boutique hotel and gaming floor will be open seven days a week for guests 21…
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CBRE Hires Hotel Industry Veteran Olivier Gompel To Expand Midwest Hotel Advisory Practice
LOS ANGELES–CBRE announced today that Olivier Gompel, a veteran of more than 25 years in hotel advisory, operations, asset management and valuation, has joined the company as Managing Director and Practice Leader of the company’s Midwest Hotels Advisory practice. …
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Extended Stay America Grows Texas Portfolio
CHARLOTTE, NC—Extended Stay America, Inc. (NASDAQ:STAY), the largest mid-priced extended-stay hotel brand, announced today the addition of the Extended Stay America – Houston – Kingwood hotel in Kingwood, Texas to its growing portfolio. The three-story, 75-room hotel is owned by…