NewcrestImage | July 14, 2022
NewcrestImage has entered a definitive agreement with a joint venture between Highgate and Cerberus to acquire four LaQuinta-branded properties which together total 696 rooms. The properties include the LaQuinta Inn & Suites at Los Angeles International Airport (LAX) which marks NewcrestImage’s first gateway location in California. Closing is today on one hotel – the LaQuinta Inn & Suites Irving DFW North, located two miles from DFW International Airport -- while closing is expected in August for the other three hotels: LaQuinta Inn & Suites Anaheim; LaQuinta Inn Phoenix North; and LaQuinta Inn & Suites LAX. “The...
Westin Hotels & Resorts | January 9, 2020
NEW ORLEANS, Jan. 9, 2020 -- The Westin New Orleans is pleased to announce the completion of a $30 million revitalization spanning the entire hotel. The extensive architectural and interior redesign includes major renovations to all guestrooms and suites, lobby/check-in, and 30,000 square feet of meeting space. The hotel also features new dining establishments Bistro at the Bend restaurant and Observatory Eleven bar and lounge, as well as new special event space, Riverbend Ballroom. The restaurant, bar, and ballroom are located on the 11th floor, where hotel guests may enjoy cocktails, Southern cuisine through a regional lens, and the abili...
Revetas Capital Advisors LLP | December 28, 2017
LONDON and NEW YORK, Dec. 28, 2017 -- Revetas Capital Advisors LLP ("Revetas") and Cerberus Capital Management, L.P. and its affiliates ("Cerberus") today announced the acquisition of Project Nemo, a leading hotel complex with approximately 86,000 sqm of gross leasable area in a prime location in Bucharest, Romania. The complex includes the Radisson Blu and Park Inn hotels, featuring a total of 697 guest rooms operated by the Rezidor Hotel Group, as well as approximately 7,500 sqm of prime retail space anchored by high-end tenants such as Burberry and Hugo Boss. The acquisition aligns with both Revetas and Cerberus...
SH Hotels & Resorts Names Toni Stoeckl Chief Marketing Officer
Hyatt Regency San Francisco Plans September Debut of Multimillion-Dollar Guestroom Renovation
Noble House Hotels & Resorts Appoints Drew Berry as General Manager of The Portofino Hotel & Marina
Global Business Travel Spending Is Coming Back, but Recent Headwinds Push Anticipated Full Recovery Into 2025 and 2026
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