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Banyan, Investra Purchase Holiday Inn Express in S.C.

Banyan, Investra Purchase Holiday Inn Express in S.C.

Banyan Investment Group and Investra Investments have purchased the Holiday Inn Express & Suites in Bluffton, S.C., from Veritas Hospitality Group, a division of the Stafford Companies, based in Tifton, Ga. Loxi Hospitality provided advisory services with the transaction. This ...

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Loews Purchases InterContinental Chicago O’Hare Hotel

Loews Purchases InterContinental Chicago O’Hare Hotel

NEW YORK CITY—Loews Hotels & Resorts has entered into an agreement to purchase the 556-room InterContinental Chicago O’Hare Hotel. The acquisition is expected to close in late July. The InterContinental Chicago O’Hare will be the second hotel for Loews in ...

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Starwood Capital Group to Acquire TMI Hospitality

Starwood Capital Group to Acquire TMI Hospitality

GREENWICH, Conn./FARGO, N.D.—Starwood Capital Group, through a controlled affiliate of Starwood Global Opportunity Fund X, has entered into an agreement to acquire all of the outstanding stock of TMI Hospitality from the TMI Hospitality Employee Stock Ownership Plan. The acquisition ...

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Carey Watermark Acquires Boca Raton Marriott

Carey Watermark Acquires Boca Raton Marriott

NEW YORK—Carey Watermark Investors Incorporated has acquired the Boca Raton Marriott at Boca Center, a 256-room full service hotel in Boca Raton, Fla. The hotel will continue to be managed by an affiliate of HEI Hotels & Resorts. The Boca ...

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Chatham Lodging Completes 47-Hotel Acquisition in Joint Venture

Chatham Lodging Completes 47-Hotel Acquisition in Joint Venture

PALM BEACH, Fla.—Chatham Lodging Trust today announced that it completed the previously announced acquisition of a 51-hotel, 6,848-room portfolio from a joint venture comprised of Cerberus Capital Management LP and Chatham in two separate transactions. The combined total purchase price ...

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