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Thomas Riley Joins Marcus Hotels & Resorts and MCS Capital

Thomas Riley Joins Marcus Hotels & Resorts and MCS Capital

MILWAUKEE—The Marcus Corporation has named Thomas P. Riley senior vice president of development for Marcus Hotels & Resorts and MCS Capital LLC. Riley has 22 years of experience in the lodging industry, including executive-level positions in acquisitions, development, and finance. ...

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Sheraton Dubai Creek Re-Opens Following $50M Renovation

Sheraton Dubai Creek Re-Opens Following $50M Renovation

DUBAI, United Arab Emirates—Starwood Hotels & Resorts Worldwide has announced the re-opening of the Sheraton Dubai Creek Hotel & Towers following an extensive $50 million renovation. Opened in 1978, the landmark hotel was the first Starwood hotel to open in ...

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Interval Leisure Group to Acquire Hyatt Residential Group

Interval Leisure Group to Acquire Hyatt Residential Group

MIAMI & CHICAGO—Interval Leisure Group and Hyatt Hotels Corporation have announced their affiliates have signed a definitive agreement for ILG to purchase Hyatt Residential Group for approximately $190 million. In addition, ILG will acquire Hyatt’s interest in a joint venture ...

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Ace Hotel Potentially Coming to Downtown Brooklyn

Ace Hotel Potentially Coming to Downtown Brooklyn

GFI Capital Resources is nearing a deal with the Ace Hotel chain to open a property in downtown Brooklyn, according to this report from the Commercial Observer. Allen Gross, president and CEO of GFI Capital Resources, acquired a site a few ...

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