Today's News

The Gettys Group Completes Renaissance Chicago Downtown Renovation

The Gettys Group Completes Renaissance Chicago Downtown Renovation

June 1, 2015

CHICAGO (June 1, 2015) – Set against the dramatic skyline on the banks of the Chicago River, Renaissance Chicago Downtown Hotel unveiled its...

Father of Ace Hotel Founder, Alex Calderwood, Files Suit against his Sons Former Business Partners

Father of Ace Hotel Founder, Alex Calderwood, Files Suit against his Sons Former Business Partners

Aimee Green | The Oregonian, Portland, Ore. | June 1, 2015

May 29--The father of one of the founders of the Ace Hotel boutique chain -- which includes a hotel in downtown Portland -- is suing his late son's business...

Lotte Group Seals Deal to Acquire the New York Palace Hotel in Manhattan for $805 million

Lotte Group Seals Deal to Acquire the New York Palace Hotel in Manhattan for $805 million

Sohn Ji-young | The Korea Herald, Seoul / Asia News Network | June 1, 2015

June 01--SEOUL (The Korea Herald/ANN) -- Lotte Group said Sunday that it has sealed a deal to buy the New York Palace Hotel in Manhattan for $805 million from...

American Hotel Income Properties REIT Acquires Nine-Hotel Select-Service Portfolio for $53.5 Million

American Hotel Income Properties REIT Acquires Nine-Hotel Select-Service Portfolio for $53.5 Million

June 1, 2015

The branded hotels as located in Illinois, Iowa, Kansas, Missouri and Oklahoma           VANCOUVER, June 1, 2015 - American...

Carey Watermark Investors 1 & 2 Acquire Majority Interest in The Ritz-Carlton Key Biscayne, Miami

Carey Watermark Investors 1 & 2 Acquire Majority Interest in The Ritz-Carlton Key Biscayne, Miami

June 1, 2015

NEW YORK, June 1, 2015 -- Carey Watermark Investors Incorporated (CWI 1) and Carey Watermark Investors 2 Incorporated (CWI 2), two non-traded real...

Fitch Ratings: US RevPAR Forecast Boosted to 7% on Stronger Occupancy

Fitch Ratings: US RevPAR Forecast Boosted to 7% on Stronger Occupancy

June 1, 2015

Watch the video: U.S. Lodging Cycle Concierge Fitch Ratings - New York - 01 June 2015: Fitch Ratings has increased its 2015 US lodging industry RevPAR growth...

2015 Headed to Break Hotel Investment Sale Records

2015 Headed to Break Hotel Investment Sale Records

June 1, 2015

Current research by HREC – Hospitality Real Estate Counselors (www.hrec.com) indicates that the volume of 2015 Atlanta hotel transactions will likely exceed...

The Evolution of the All-Inclusive Resort

The Evolution of the All-Inclusive Resort

June 1, 2015

By Kristina M. D'Amico Today's rising popularity of all-inclusive resorts is directly correlated to the value proposition for the guest. The resorts that offer...

Wyndham Hotel Group and Corinthian Development Company Sign Multi-Unit Wingate Development Deal

Wyndham Hotel Group and Corinthian Development Company Sign Multi-Unit Wingate Development Deal

June 1, 2015

$250 million plan to develop more than 15 new-construction Wingate by Wyndham® properties in key markets throughout the U.S. and Canada over the next two...

Starwood Hotels & Resorts Unveils New Vision for Sheraton Brand

Starwood Hotels & Resorts Unveils New Vision for Sheraton Brand

June 1, 2015

NEW YORK-- From the 37th Annual NYU International Hospitality Industry Investment Conference, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today...

Extreme Engineering Brings Home ARDA Gold

Extreme Engineering Brings Home ARDA Gold

June 1, 2015

Wins Best Family Entertainment Award in Resort Amenities in International CompetitionSACRAMENTO, CA (June 1, 2015) – Extreme Engineering, the world’s...

Stevie Salas to Make Guest Appearance at HITEC 2015 Opening Party

Stevie Salas to Make Guest Appearance at HITEC 2015 Opening Party

June 1, 2015

June 1, 2015 (Austin, Texas USA)  — Hospitality Financial and Technology Professionals (HFTP®) announced today that the Hospitality Industry Technology...

Development Launched for the 535-key Hilton Dubai World Central

Development Launched for the 535-key Hilton Dubai World Central

June 1, 2015

Opening in 2019 as part of master planned urban development centered on Dubai's Al Maktoum International Airport June 1, 2015 - DUBAI, UAE and MCLEAN, Va. -...

World’s Largest Holiday Inn Hotel, with 5,154-keys, Set to Open in Makkah in Late 2015

World’s Largest Holiday Inn Hotel, with 5,154-keys, Set to Open in Makkah in Late 2015

June 1, 2015

The Holiday Inn Makkah Abraaj Al Tayseer to cater to religious tourism growth1 June, 2015 - InterContinental Hotels Group (IHG®) today announced the signing...

Work to Begin this Fall on the 152-key SLS Lux Philadelphia Hotel & Residences

Work to Begin this Fall on the 152-key SLS Lux Philadelphia Hotel & Residences

Jacob Adelman | The Philadelphia Inquirer | June 1, 2015

June 01--SLS Hotels puts its chicly designed, lavishly appointed lodgings in the U.S. cities most associated with luxury travel and youthful, free-spending...

Conrad Hotels & Resorts Partners with City Expert Real Estate Co to Launch Conrad Ningbo in China

Conrad Hotels & Resorts Partners with City Expert Real Estate Co to Launch Conrad Ningbo in China

June 1, 2015

NINGBO, China and MCLEAN, Va., June 1, 2015 -- Conrad Hotels & Resorts and City Expert Real Estate Co., Ltd today announced the Conrad brand's...

First Courtyard by Marriott in Kingston, Jamaica is Under Development by Caribe Hospitality Jamaica

First Courtyard by Marriott in Kingston, Jamaica is Under Development by Caribe Hospitality Jamaica

June 1, 2015

The 129-room hotel is set to open in August 2015   Kingston, Jamaica – June 1, 2015: Marriott International (NASDQ:MAR) announced plans to open the...

Hilton to Open DoubleTree Hilo-Naniloa through $18.5M Conversion of Hilo Naniloa Hotel and Golf Club

Hilton to Open DoubleTree Hilo-Naniloa through $18.5M Conversion of Hilo Naniloa Hotel and Golf Club

June 1, 2015

December 2015 completion planned for transformation of the 388-room oceanfront hotel McLEAN, Va. (June 1, 2015) - Hilton Worldwide (NYSE: HLT) announced...

The Belvedere Beach Resort to Undergo Complete Transformation and Reopen as Home2Suites by Hilton

The Belvedere Beach Resort to Undergo Complete Transformation and Reopen as Home2Suites by Hilton

Stacy Parker | The Virginian-Pilot | June 1, 2015

May 30--VIRGINIA BEACH -- The final days are near for The Belvedere Beach Resort, an Oceanfront mainstay on 36th Street. Owners David and Leigh Willis plan to...

Atlantic City’s Century Old Claridge Hotel Gets New Life as a 1920s-theme Luxury Boutique Hotel

Atlantic City’s Century Old Claridge Hotel Gets New Life as a 1920s-theme Luxury Boutique Hotel

Amy S. Rosenberg | The Philadelphia Inquirer | June 1, 2015

May 30--ATLANTIC CITY -- It's hard to make out against the crush of casino closings, but some things in Atlantic City are being reborn. Start with the...

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