Hotel Business

FEBRUARY 14, 2024

Owner and management company Marcus Hotels & Resorts , a division of The Marcus Corporation , has reached an agreement with Hempel Real Estate and Robinson Park Investments to jointly acquire the Loews Minneapolis Hotel. The acquisition is expected to close at the beginning of March.

Real Estate 105

Real Estate Closing Resorts Hotels 105

Boutique Hotel News

JANUARY 27, 2023

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. NREP is committed to becoming entirely carbon neutral by 2028 – encompassing both operational and embodied carbon – and the new internal carbon tax will be a key driver in this ambition.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

Hotel Business

APRIL 15, 2024

based hospitality-focused real estate investor, to support its future growth. The company’s acquisition of a strategic minority stake in Trinity aligns with the firm’s strategy to invest in real estate operating companies in order to provide exposure to the full value chain across the asset lifecycle.

Real Estate 59

Real Estate Operations Resorts Management 59

Hotel Management

MARCH 7, 2024

For the first time this year, to close Day 1, delegates will have the opportunity to mingle with the bosses at intimate sessions throughout the Adelaide Oval. Informal Q&A sessions with CEOs over drinks will peel back the curtain to find out a bit more about the person behind the big job title and the journey that got them there.

Events 264

Events Real Estate Operations Hospitality 264

Hotel Management

DECEMBER 13, 2023

Three notable figures in the Australian hospitality landscape have joined forces to propel the independent management model for hotel operations in Australia and New Zealand. The company also provides access to operational systems, training and team development.

Hospitality 264

Hospitality Hotels Operations Real Estate 264

Hotel Business

FEBRUARY 8, 2024

Crawford Hoying has acquired the Courtyard by Marriott Hamilton in partnership with international hotel owner, operator and developer Shaner Hotel Group. The property is also located close to Crawford Hoying’s recently announced 17-acre mixed-use development at the current Cohen Recycling site. “We

Real Estate 119

Real Estate Retail Closing Events 119

Hotel Business

OCTOBER 24, 2023

She Has a Deal (SHaD), a real estate education and investment platform dedicated to creating new pathways to hotel ownership and development for women, has launched the fifth season of its signature hotel investment pitch competition, SHaDPitch 2024, which will culminate in a final event on April 25-26, 2024, at the MGM National Harbor in Maryland.

Real Estate 111

Real Estate Closing Events Hotels 111

Hotel Business

MARCH 27, 2024

Operational challenges are continuing throughout 2024 in our industry, and it is a tough time to recruit and bring team members back into the hospitality industry when they had to step away in 2020 to find other ways to make a living.

Real Estate 111

Real Estate Hospitality Operations Management 111

Hotel Management

NOVEMBER 23, 2023

Vista appoints Director of Development Vista Hospitality Group has appointed Jacquie Prentice to the role of Director of Development In this new role, Prentice will bring decades of insights to help existing and future owners and investors identify ways to optimise their assets – from development and asset management through to operations.

General Manager 130

General Manager Hospitality Real Estate Management 130

Lodging

JANUARY 15, 2024

Edwardian Group will continue to own and operate The Londoner and its two Radisson Collection hotels—The May Fair and The Edwardian Manchester—following the closing of the transaction. The portfolio comprises 10 hotels with 2,053 rooms.

Closing 162

Closing Hotels Operations Market 162

Hotel Business

MAY 1, 2024

Prime Group , a multifaceted real estate owner and operator based in Hollywood, FL, has opened the 289-suite Residence Inn by Marriott Chicago Downtown Magnificent Mile. The hotel is close to the Art Institute of Chicago, Water Tower Place, Navy Pier, Lakefront Trail, the Chicago Riverwalk and the Lincoln Park Zoo.

Real Estate 64

Real Estate Dining Closing Operations 64

Hotel Business

FEBRUARY 3, 2023

offered real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC , an affiliate of full-service private real estate investment firm Trinity Real Estate Investments LLC, have acquired The Diplomat Beach Resort in Hollywood, FL, from a Brookfield private real estate fund.

Real Estate 52

Real Estate Resorts Management Tourism 52

Hotel Business

MARCH 14, 2024

AJ Capital will remain the owner of the more than 35 operating and pipeline Graduate properties, each of which will be operated under long-term Hilton franchise agreements. Our shared values and close collaboration will ensure a smooth transition while keeping the Graduate Hotels’ unique brand identity intact.

Real Estate 105

Real Estate Pipeline Branding Hotels 105

Hotel Business

DECEMBER 7, 2022

Palladius Capital Management , a vertically-integrated real estate investment manager focused on pursuing multi-family, student housing, hospitality and select thematic investment strategies, has appointed real estate and finance executive Afshin Kateb as CFO/head of hospitality investments.

Real Estate 52

Real Estate Retail Management Operations 52

Hotel Business

OCTOBER 18, 2023

Carey , a real estate investment trust with headquarters in New York City. Two properties—at Albuquerque International Sunport and at Indianapolis International Airport—have already closed, while the third property at Chicago O’Hare International Airport is expected to close in early November.

Real Estate 59

Real Estate Closing Hospitality Management 59

Hotel Management

MAY 5, 2023

“I am proud of the strong position that IHG is in today, thanks to the investments we have made to transform every aspect of our business, deliver for our guests and owners, and grow and operate our brands in the right way around the world.” Oppenheimer said the appointment is the result of a rigorous selection process.

Real Estate 264

Real Estate Business Branding Operations 264

Hotel Business

APRIL 10, 2023

Key International , a real estate investment and development company, and Shaner Hotels , an international hotel owner, operator and developer, have opened the 156-suite SpringHill Suites by Marriott Jacksonville Beach Oceanfront in Florida. Shaner will operate the hotel, owned by Key International.

Real Estate 111

Real Estate Scale Dining Operations 111

Hotel Operations

FEBRUARY 12, 2023

Imagine working in operations at some of the leading hotel companies in the world, and then having the chance to start all over with a blank canvas in a role leading operations for a new brand. It’s a fundamental principle that you have in every hotel operation. What would you do? Or the division between rooms and F&B.

Operations 52

Operations Real Estate Hotels Revenue 52

Hotel Business

MAY 9, 2024

The George represents milestones for both The Indigo Road and the city of Georgetown—it is the first hotel to open and operate on the city’s historic Front St. The hotel was developed by Winyah Properties and is operated by The Indigo Road. Georgetown is close to Charleston and a destination along SC’s Hammock Coast.

Real Estate 59

Real Estate Hotels Hospitality Tourism 59

Hotel Business

FEBRUARY 27, 2024

His 30 years of publicly traded and privately held real estate experience and hands-on hotel development, operations and ownership expertise will set the course for continued growth and profitability, according to the company. Good things really do come to those who wait,” said Justin Jabara, president, Meyer Jabara Hotels.

Real Estate 59

Real Estate Operations Hospitality Closing 59

Hotel Business

JUNE 29, 2023

The hotel is a development of Chicago-based Waterton, along with equity partner Argosy Real Estate of Wayne, PA. Outbound Yosemite Resort will be close to Yosemite National Park and other outdoor attractions of the Sierra Nevada Mountains. The hotel operator will be Springboard Hospitality. “We

Real Estate 69

Real Estate Construction Resorts Hotels 69

Hotel Business

MARCH 23, 2023

Mumford Company has completed a flurry of deals to close a busy first quarter of 2023 and has added Andrew and Tripp Lowe to its team in the Mid-Atlantic. The Lowe brothers bring an abundance of hotel ownership and commercial real estate experience and knowledge to the firm, according to the company.

Real Estate 52

Real Estate Closing Business Operations 52

Hotel Business

FEBRUARY 12, 2024

As COO, Webster will oversee the day-to-day operations of WSLM, ensuring business lines function smoothly and efficiently. He will work closely with other members of the executive leadership team to develop and execute strategies that support growth objectives. The company offers 43 hospitality properties and more than 4,000 units.

Real Estate 64

Real Estate Revenue Management Operations 64

Hotel Operations

JANUARY 12, 2024

A hotel management company manages the operations of a hotel or group of hotels on behalf of the hotel owners. The ownership group is the investor that puts up the money and owns the real estate. Hotel management companies are the operators. Hotel management companies are the operators.

Management 98

Management Real Estate Hotels Operations 98

Hotel Business

DECEMBER 12, 2022

Braintree Group , a privately held, vertically integrated, national real estate development and investment firm, has acquired the DoubleTree by Hilton Hotel Bend located in Bend, OR. Work will focus on elevating the guestrooms and common areas while implementing a design that is more closely connected to the destination.

Real Estate 105

Real Estate Closing Business Resorts 105

Hotel Business

FEBRUARY 8, 2024

International hospitality real estate group PPHE Hotel Group has appointed Greg Hegarty as co-CEO. During this time, he has held overall responsibility for creating and implementing PPHE’s operational strategies, including operations, people & culture and commercial.

Real Estate 64

Real Estate Pipeline Hotels Operations 64

Hotel Business

AUGUST 31, 2023

Castlerock Asset Management , an integrated real estate development, ownership, marketing, hospitality management and asset management firm, has unveiled its strategic positioning for growth into dynamic markets. To accelerate these initiatives, Castlerock has made three executive appointments in key roles.

Real Estate 59

Real Estate General Manager Marketing Strategy Management 59

Hotel Business

AUGUST 29, 2023

Remington Hospitality has agreed to manage operations at the Senna House hotel, marking the company’s first property in Scottsdale and fourth in Arizona. This is Remington’s second partnership with hotel owner OpWest Partners , a multi-disciplined investment and development firm focusing on real estate and lifestyle assets.

Management 52

Management Real Estate Closing Hospitality 52

Hotel Business

SEPTEMBER 19, 2023

Global real estate services firm Cushman & Wakefield has appointed Marc Magazine as executive director focused on investment sales. million in sales volume since joining Cushman & Wakefield earlier this year, with another $110 million currently under agreement and scheduled to close prior to year-end. “[The

Real Estate 59

Real Estate Sales Closing Hospitality 59

Boutique Hotel News

FEBRUARY 1, 2023

UK: Real estate advisor CBRE is overseeing the sale of The Dawson Hotel in Dublin, which is being offered for sale from €17.5 The Dawson Hotel has 36 bedrooms which are currently closed, providing the potential for refurbishment. The asset is unbranded, providing operational flexibility for parties.

Market 52

Market Marketing Real Estate Closing 52

Hotel Business

MAY 3, 2023

Palladius Capital Management , a vertically integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies, in joint-venture partnership with Marquee Funding Group , has originated a $11.5-million

Construction 59

Construction Real Estate Retail Scale 59

Boutique Hotel News

JUNE 9, 2023

The deadline will close on July 7th with the full Victory Lap team selected and notified by 31st July. Graduate Hotels operates a portfolio of over 30 hotels across the US and the UK. The brand is owned by hospitality and real estate investors AJ Capital Partners. million residential and commercial square feet.

Market 52

Market Marketing Real Estate Hotels 52

Boutique Hotel News

MARCH 2, 2023

Most recently, he held the position of VP of real estate at Jurny Hospitality , where he spent three years closing over 30 management agreements and tripling the Jurny portfolio. ” Pineapple Hospitality Company (PHC) owned and operated the Staypineapple brand – a boutique hotel group with 10 locations across the US.

Business 52

Business Real Estate Closing Branding 52

Boutique Hotel News

DECEMBER 15, 2022

US: Highgate has entered into a definitive agreement to purchase LA-based Viceroy Hotels & Resorts, with the transaction expected to close in early 2023. Highgate is a real estate investment ad hospitality management company with over $20 billion of assets under management.

Resorts 59

Resorts Real Estate Hotels Scale 59

Hotel Business

DECEMBER 20, 2022

HRI assumed operations control of the property as of 6 a.m. Under terms of the transaction, HRI paid $1.075 billion in cash for the operating assets of The Mirage Hotel & Casino. for the real estate property of The Mirage. There are no plans to close The Mirage or to lay off any of the team members.

Casinos 59

Casinos Real Estate Resorts Operations 59

Hotel Business

FEBRUARY 24, 2023

iBorrow , a nationwide private lender for commercial real estate, has provided financing to Ian Schrager and Ed Scheetz to enable their acquisition of a 139-key hotel property formerly known as the Standard Hotel in West Hollywood, CA. million loan was funded through a co-lending partnership between iBorrow and Reuben Brothers.

Real Estate 52

Real Estate Hotels Closing Operations 52

Hotel Business

OCTOBER 20, 2023

“We are pleased to further diversify and enhance our portfolio with the acquisition of this recently-built, extended-stay hotel in Renton,” said Nelson Knight, president, real estate and investments, Apple Hospitality.

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Hospitality Real Estate Hotels Closing 59