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RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

RLJ Lodging Trust Sells Additional Hotel for $14.1 Million

BETHESDA, Md.—RLJ Lodging Trust has sold an additional non-strategic hotel, the 182-room Hilton Mystic in Mystic, Conn., for approximately $14.1 million or $77,200 per key. The sale price represents approximately a 7.4 percent capitalization rate on the hotel’s projected 2014 ...

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U.S. Construction Pipeline Finally Gains Some Traction

U.S. Construction Pipeline Finally Gains Some Traction

After being locked in a bottoming formation for nine quarters, the U.S. construction pipeline increased in 2013 to 3,020 projects with 382,958 rooms. This represents a year-over-year (YOY) increase of 10 percent by projects and 12 percent by rooms and ...

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The Verb Hotel to Launch in Fenway Location

The Verb Hotel to Launch in Fenway Location

BOSTON—The Verb, opening summer 2014, sees the dynamic reimagining of a classic mid-century motel, which will reconnect it with the rich musical and artistic roots of Boston’s Fenway neighborhood. Building on the legacy that began when the Fenway Motor Hotel ...

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Home2 Suites Opens First Property in Greensboro, N.C.

Home2 Suites Opens First Property in Greensboro, N.C.

GREENSBORO, N.C. and MCLEAN, Va.—Home2 Suites by Hilton has announced the opening of its 30th hotel, Home2 Suites by Hilton Greensboro Airport. ”Home2 Suites’ continued entry into new markets, like Greensboro, is a testament to our brand’s exceptional growth,” said ...

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Sheraton Hotels Returns to the Dominican Republic

Sheraton Hotels Returns to the Dominican Republic

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide announced that Sheraton Hotels has returned to the Dominican Republic with the opening of Sheraton Santo Domingo Hotel. Formerly known as Melia Santo Domingo, the newly renovated hotel offers 255 rooms and suites with ...

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