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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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Hotel Franchising Set to Grow Across Europe

Hotel Franchising Set to Grow Across Europe

Europe is likely to see a greater proportion of branded hotels coming on stream as the concept of franchising gathers pace among hotel operators in the region, says global hotel consultancy HVS. Until now, the uptake of franchise agreements in ...

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