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Hyatt Announces Purchase of Downtown Minneapolis Hotel

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate acquired a select service hotel in downtown Minneapolis and will rebrand the hotel as Hyatt Place Minneapolis Downtown following $20 million in capital improvements. The rebranding is scheduled for the summer of ...

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FelCor Sells Embassy Suites Nashville and New Orleans

IRVING, Texas—FelCor Lodging Trust Incorporated announced that it sold the 370-room Embassy Suites – New Orleans-Convention Center and the 296-room Embassy Suites – Nashville-Airport for an aggregate purchase price of $70 million. FelCor is using the net proceeds to pay ...

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