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Cachet Hotel Group Takes Full Ownership of URBN Brand

Cachet Hotel Group Takes Full Ownership of URBN Brand

SHANGHAI—Cachet Hotel Group (CHG) announced the completion of the acquisition of URBN Hotel in Shanghai by CHG’s co-founder Robert Roche. The transaction was announced as an all cash buyout for an undisclosed sum. URBN Hotel is a gold standard for ...

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Starwood Capital Group Acquires Four Pillars Hotels

Starwood Capital Group Acquires Four Pillars Hotels

GREENWICH, Conn.—A fund affiliated with Starwood Capital Group, a global private investment firm, announced that it has acquired UK hotel owner and operator Four Pillars Hotels. The transaction includes a portfolio of five owned and leased hotels and one managed ...

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Summit Hotel Properties Closes Three Acquisitions

Summit Hotel Properties Closes Three Acquisitions

AUSTIN, Texas—Summit Hotel Properties announced that it has closed on three previously announced acquisitions and completed the disposition of five hotels. The acquisitions include the 213-guestroom Hyatt Place located in Minneapolis, Minn., the 182-guestroom Hilton Garden Inn located in Houston, ...

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Omni Acquires Montelucia Resort and Spa

Omni Acquires Montelucia Resort and Spa

DALLAS—Omni Hotels and Resorts and KSL Capital Partners, a leading private equity firm, announced the closing of the purchase and sale of the Montelucia Resort and Spa. The resort will be reflagged under the Omni brand as the Omni Scottsdale ...

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