DoubleTree by Hilton Cocoa Beach Oceanfront Acquired by OTO Development
SPARTANBURG, South Carolina—OTO Development has added DoubleTree by Hilton Cocoa Beach Oceanfront to its growing portfolio. South Carolina-based OTO Development, which is part of...
CoralTree Hospitality Acquires Controlling Interest in Magnolia Hotels
DENVER—Tom Luersen, president of CoralTree Hospitality, announced that, in partnership with its parent company Lowe, CoralTree has acquired a controlling interest in the Magnolia...
Westin Tampa Waterside Acquired by Newbond Holdings
NEW YORK—Newbond Holdings, a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, announced the acquisition of the...
Hyatt Enters Agreement to Acquire Apple Leisure Group
CHICAGO—Hyatt Hotels Corporation announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a resort-management service, travel, and hospitality group, from affiliates of each of KKR and KSL Capital...
Elise Capital Completes First Hotel Acquisition
ATLANTA—Hotel real estate investment firm Elise Capital announced the closing of its first hotel acquisition, the Hampton Inn by Hilton Douglas in Douglas, Georgia.
The...
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Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
Wyndham Hotels & Resorts Reports Q1 2024 Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended March 31, 2024. Highlights include:
Global RevPAR grew 1 percent in constant...
This Week’s Comings & Goings
Concord Hospitality announced the appointment of Will Loughran as its new chief operating officer. He will report to Mark Laport, president and CEO. He...
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