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America’s Best Franchising Names VP, Franchise Development

America’s Best Franchising Names VP, Franchise Development

America’s Best Franchising has promoted Raj Vakharia to vice president, franchise development with responsibility for both domestic and international sales. The Atlanta-based company operates more than 300 properties primarily in the United States under five brands: Jameson Inns & Suites; ...

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Aries Capital Hires Rushi Shah as SVP

Aries Capital Hires Rushi Shah as SVP

CHICAGO—Aries Capital LLC is pleased to announce that Rushi Shah has joined the team as senior vice president with the firm’s Originations and Business Development team. “We are pleased to welcome Rushi to our team,” said Neil Freeman, chairman and ...

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Loews Purchases InterContinental Chicago O’Hare Hotel

Loews Purchases InterContinental Chicago O’Hare Hotel

NEW YORK CITY—Loews Hotels & Resorts has entered into an agreement to purchase the 556-room InterContinental Chicago O’Hare Hotel. The acquisition is expected to close in late July. The InterContinental Chicago O’Hare will be the second hotel for Loews in ...

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Pfister Hotel Completes Multimillion-Dollar Renovation

Pfister Hotel Completes Multimillion-Dollar Renovation

MILWAUKEE, Wis.—Marcus Hotels & Resorts’ flagship property, the historic Pfister Hotel in Milwaukee, Wis., has completed the renovation of its 176 tower guestrooms. The completed guestroom renovations are part of a multi-year, multi-million-dollar reinvestment in the property, which includes new ...

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Hotels Experience Healthy Growth in Both Bookings and Rate

Hotels Experience Healthy Growth in Both Bookings and Rate

The transient segment, which consists of individual business and leisure travelers, continues to be the driver of significant growth in the hotel market this summer season, according to data from the June 2014 TravelClick North American Hospitality Review (NAHR). However, ...

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