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Strategic to Acquire Four Seasons Resort Scottsdale

Strategic to Acquire Four Seasons Resort Scottsdale

CHICAGO—Strategic Hotels & Resorts Inc. has signed an agreement to acquire the Four Seasons Resort Scottsdale at Troon North from an affiliate of Walton Street Capital LLC for $140 million, which includes 13.8-acres of developable land zoned for an additional ...

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Chatham Lodging Completes Inland American Acquisitions

Chatham Lodging Completes Inland American Acquisitions

PALM BEACH, Fla.—Chatham Lodging Trust has completed the previously announced acquisition of a 52-hotel, 6,976-room portfolio from Inland American. The combined total purchase price was approximately $1.1 billion, before deal costs and funding of escrows. Chatham acquired four hotels as ...

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Restoring the NLRB to its Rightful Role of Umpire

Restoring the NLRB to its Rightful Role of Umpire

The National Labor Relations Board (NLRB) needs to be restored to its rightful role of umpire instead of advocate. To do that, I have introduced the NLRB Reform Act with Senate Republican Leader Mitch McConnell. Our bill will return the board to ...

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IHG Said to Seek $1 Billion For Hong Kong Hotel

IHG Said to Seek $1 Billion For Hong Kong Hotel

InterContinental Hotels Group is seeking at least $1 billion from the sale of the InterContinental Hong Kong Hotel, according to a Bloomberg report. The company hired Jones Lang LaSalle to find a buyer for the Hong Kong hotel, people with ...

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Cobblestone Hotels Opens 50th Property

Cobblestone Hotels Opens 50th Property

NEENAH, Wis.—Cobblestone Hotels has opened its 50th Hotel in Steele, N.D. “When we started this brand we had planned on building one or two hotels a year,” said Brian Wogernese, cofounder and president of Cobblestone Hotels. “Then the phone started ...

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