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Sunstone to Acquire Wailea Beach Marriott Resort

Sunstone to Acquire Wailea Beach Marriott Resort

Sunstone Hotel Investors Inc. has entered into a definitive agreement to acquire the 544-room Wailea Beach Marriott Resort & Spa in Maui, Hawaii, for $325.7 million. The company expects to fund the acquisition, in part, with $60 million of common ...

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Lodging Industry Urges Reauthorization of Brand USA

Lodging Industry Urges Reauthorization of Brand USA

The American Hotel & Lodging Association calls on the U.S. House of Representatives to pass The Travel Promotion, Enhancement, and Modernization Act (H.R. 3340), co-sponsored by Congressmen Gus Bilirakis (R-Fla.) and Peter Welch (D-Vt.). The legislation, which currently has 100 ...

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Blackstone Potentially Buying Group of Hotels for $800M

Blackstone Group is close to an agreement to buy a group of select-service hotels from Clarion Partners LLC for about $800 million, according to this report from Bloomberg. The agreement would be for 47 extended-stay Residence Inn and Homewood Suites hotels, ...

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Virgin Hotels Nashville Developer May Step Aside

Virgin Hotels Nashville Developer May Step Aside

In April, Virgin Hotels announced that a Nashville location would be opening at One Music Row in Nashville in 2016. The property was to be developed by Nashville-based D.F. Chase Inc. and managed by Virgin. However, according to this report ...

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IFA Challenges Seattle Wage Law Franchise Provision

The International Franchise Association (IFA), a Washington, D.C.-based trade group, and five franchisees today filed a lawsuit in U.S. District Court in Seattle seeking to block Seattle’s recently enacted law to increase to the city’s minimum wage to $15 per-hour. ...

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