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Carey Watermark Acquires Hyatt Place Austin Downtown

Carey Watermark Acquires Hyatt Place Austin Downtown

NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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Starwood to Expand Latin American Portfolio

Starwood to Expand Latin American Portfolio

PANAMA CITY—From the World Economic Forum Latin America in Panama, Starwood Hotels and Resorts Worldwide announced that it has opened Aloft Guadalajara, expanding its footprint to nearly 80 hotels in Latin America, and plans to open 17 more, increasing its ...

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IHG and Maplewood to Build 15 Candlewood Suites in Canada

IHG and Maplewood to Build 15 Candlewood Suites in Canada

Bedford, Nova Scotia—InterContinental Hotels Group and Maplewood Hotels and Resorts today announced plans to develop 15 new-build Candlewood Suites properties in target markets throughout Canada over the next few years. Formed in 2013, Maplewood is a joint venture between Driftwood ...

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Marriott Completes Acquisition of Protea Hospitality

Marriott Completes Acquisition of Protea Hospitality

BETHESDA, Md., and Cape Town—Marriott International has become the largest hotel company in Africa according to published information, and has nearly doubled its presence in its Middle East and Africa region to more than 160 hotels and 23,000 rooms as ...

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