Yes, there are too many hotel brands. Who cares.
Pop quiz: What lodging company owns the Park Hyatt brand? Too easy? Ok, let’s try another. What lodging company owns Thompson Hotels? Give up? It’s kind of a trick question…
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HOTELSMag.com
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Room00 Group acquires Spain’s TOC Hostels for €20M
Room00 Group, the primary platform for hostels and boutique hotels in Spain’s Iberian Peninsula, along with the Dorsa Holding Group have acquired TOC Hostels for €20 million. The partners have…
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In HQ Hotels, Sam Nazarian is back, and reminding people who he still is
“The Hills,” an American reality show that examined a group of glamorous, bratty, young Angelenos as they navigated the nightlife and brunch spots of L.A., was a mid-aughts phenom”: A…
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Briefs: HVMG adds to management portfolio; Kimpton’s third location in NYC
HVMG TO MANAGE BLOOMINGTON EMBASSY SUITES: Hospitality Ventures Management Group (HVMG) has assumed management of the Embassy Suites by Hilton Bloomington/Minneapolis. The Atlanta-based third-party hotel operator will also oversee a…
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Driftwood Capital closes $330M fund focusing on Florida’s Space Coast
Driftwood Capital has closed its latest fund, Driftwood Florida Space Coast Portfolio, LP, which focuses on the acquisition and development of existing and soon-to-break-ground hotel assets in Florida’s “Space Coast.”…
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Briefs: Monterey Beach Hotel opens; Spark by Hilton checks in Canada
MONTEREY BEACH HOTEL OPENS: Ascendant Capital Partners has partnered with Highgate and Centerbridge Partners to announce the opening of Monterey Beach Hotel, a Marriott Tribute Portfolio hotel in Monterey, Calif.…
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Briefs: NewcrestImage acquires DoubleTree Suites; IHG signs Regent Residences in Middle East
NEWCRESTIMAGE ACQUIRES DOUBLETREE SUITES: NewcrestImage has acquired the DoubleTree Suites by Hilton Hotel Columbus Downtown in Ohio. The acquisition price and seller’s details were not disclosed. Located in the downtown,…
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Office valuations have plummeted. Now what?
The rise of remote work and interest rates has on balance produced a glut of vacant office space, particularly in buildings located in downtown urban cores. As a result, there…
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People on the Move: Accor, Atlantis Resorts, SH Hotels & Resorts, Rosewood Hotels, Zeal Hotels, JW Marriott Orlando
ACCOR APPOINTS BRAND PRESIDENTS Accor has appointed two presidents to lead its premium, midscale and economy brands. Benoît Racle has been named global brand president-premium (including Pullman, Swissôtel, Mövenpick, Angsana…
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Briefs: Rosewood residences in Florida; Palisociety adds to Le Petit Pali portfolio
CONSTRUCTION BEGINS ON ROSEWOOD HOMES IN FLORIDA: Construction has started on the Rosewood Residences Naples. The 42-unit waterfront condominium development is located on the beach in Naples, Fla. The Ronto…
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