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Aloft Brand to Open Second Hotel in the UAE

Aloft Brand to Open Second Hotel in the UAE

ABU DHABI, UAE—Starwood Hotels and Resorts Worldwide announced it has signed an agreement to open a new 172-room Aloft hotel in Al Ain, the second largest city in the Emirate of Abu Dhabi, UAE. Scheduled to debut in 2016, Aloft ...

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DoubleTree Grows in Canada With Entry into Alberta

DoubleTree Grows in Canada With Entry into Alberta

MCLEAN, Va.—Hilton Worldwide and DoubleTree by Hilton announced the opening of DoubleTree by Hilton West Edmonton following a comprehensive multi-million dollar property-wide transformation of the former Mayfield Inn and Suites. The property is owned and managed by SilverBirch Hotels and ...

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Lodging Dynamics Acquires First Hotel Through New Fund

Lodging Dynamics Acquires First Hotel Through New Fund

PROVO, Utah—Lodging Dynamics Hospitality Group announced its first acquisition through the company’s affiliated equity fund, LD Hotel Group I LLC. The fund is raising $60,000,000 to fund future acquisitions. The fund purchased its first hotel today, a 102-room Staybridge Suites ...

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Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Prime to Acquire Sofitel Chicago Water Tower

Ashford Hospitality Prime Inc. announced that it has signed a definitive agreement to acquire the 415-room Sofitel Chicago Water Tower for a total consideration of $153 million in cash ($369,000 per key). The company expects to close the acquisition in ...

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RLJ to Acquire 10-Hotel Portfolio From Hyatt

RLJ to Acquire 10-Hotel Portfolio From Hyatt

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that Hyatt affiliates have entered into a definitive purchase and sale agreement for RLJ to acquire a portfolio of 10 hotels totaling 1,560 rooms consisting of Hyatt, Hyatt Place, and Hyatt ...

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