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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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Choice Hotels Opens Cambria Suites Miami Airport

Choice Hotels Opens Cambria Suites Miami Airport

MIAMI—Choice Hotels International opened the new Cambria Suites Miami Airport-Blue Lagoon to the growing Cambria Suites brand. The property is owned by locally-based limited liability company, Sunflower Hospitality, and managed by Driftwood Hospitality. “Cambria Suites continues to experience tremendous growth ...

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W Hotels to Make Dutch Debut

W Hotels to Make Dutch Debut

AMSTERDAM—Starwood Hotels and Resorts Worldwide announced it will debut its W Hotels brand in the Netherlands with the new W Amsterdam, scheduled to open in Autumn 2015. Owned by STAG Europe (Grafenau) BV, the hotel will be located on the ...

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Hilton’s Conrad Brand Heading to India

Hilton’s Conrad Brand Heading to India

DELHI NCR, India—Hilton Worldwide announced the signing of a management agreement with Palm Grove Beach Hotels, a wholly owned subsidiary of the K. Raheja Constructions Group, to open Conrad Pune, the first Conrad Hotels and Resorts branded hotel in India. ...

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