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Landmark Allerton Hotel in Chicago Under New Ownership

Landmark Allerton Hotel in Chicago Under New Ownership

Warwick International Hotels, a Paris-based hotel chain, has acquired the landmark Allerton Hotel on North Michigan Avenue in Chicago. According to Chicago Business, Warwick acquired the 443-room hotel from New York-based hedge fund manager Petra Capital Management LLC, which won ...

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Apple REIT merger creates 188-hotel REIT

Apple REIT merger creates 188-hotel REIT

Three Richmond-based real estate investment trust companies (REITs) are being merged into one, creating one of the largest REITs in the U.S. with 188 hotels and 23,490 rooms across the country. The deal to merge Apple REIT Seven Inc., Apple ...

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Choice Builds Up European Footprint

Choice Builds Up European Footprint

Choice Hotels has accelerated it’s European expansion by opening 11 properties in the England, Ireland, France, Germany and Italy since October 2013. The five new properties in England include a Quality Hotel in Birmingham and one in Wolverhampton, a Comfort ...

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Hilton Considering Sale of New York Waldorf Astoria

Hilton Considering Sale of New York Waldorf Astoria

Hilton Worldwide is looking to sell all or part of the historic Waldorf Astoria in Manhattan. In a phone interview with Bloomberg Businessweek on Thursday, Hilton CEO Christopher Nassetta said, “We may look to reposition the hotel,” but the company ...

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