Tesoro Resorts Opens Corporate Headquarters in Tijuana Mexico's newest hotel brand continues to reaffirm its commitment to Mexico with plans to develop additional properties and expand the chain to other domestic destinations. ...more
Highland Hospitality Corporation to Acquire the Ritz-Carlton Atlanta Downtown Hotel for $79.5 million Highland Hospitality Corporation (NYSE:HIH) announced today that it has entered into a definitive agreement to acquire the 444-room Ritz-Carlton Atlanta Downtown hotel located in Atlanta, Georgia for a purchase price of $79.5 million, plus customary closing costs, or approximately $179,000 per key. ...more
Hersha Hospitality Management to Operate Two Long Island Hotels Hersha Hospitality Management (HHM) announced that it will operate the 161-room Hampton Inn in Farmingville, NY and the 133-room Holiday Inn Express in Hauppauge, NY. ...more
Crescent Hospitality Forms Fund to Acquire up to $1 Billion in Hotels Acquires Detroit Marriott Livonia in First Transaction - Re-launches as Crescent Hotels & Resorts With Three Business Strategies ...more
Ashford Signs Agreement To Acquire Portfolio of Seven Full Service Hotels for $267.2 Million Portfolio consists of Hilton, Marriott, Embassy Suites, and Sheraton hotels in seven different markets ...more
Starwood to develop an aloft hotel in Chantilly, Virginia aloft Chantilly to be One of the Brand's First New Hotels -- Introducing Style, Innovation, and Entertainment to the Select Service Segment ...more
Mandarin Oriental Hotel Group Brands Luxury Residences in London Mandarin Oriental Hotel Group has announced an agreement to brand and manage 80 luxurious residences that will be developed on a site adjacent to the Group's award-winning hotel in Knightsbridge. ...more
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