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Chatham Lodging Completes Inland American Acquisitions

Chatham Lodging Completes Inland American Acquisitions

PALM BEACH, Fla.—Chatham Lodging Trust has completed the previously announced acquisition of a 52-hotel, 6,976-room portfolio from Inland American. The combined total purchase price was approximately $1.1 billion, before deal costs and funding of escrows. Chatham acquired four hotels as ...

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DiamondRock to Sell Los Angeles Airport Marriott

DiamondRock to Sell Los Angeles Airport Marriott

BETHESDA, Md.—DiamondRock Hospitality Company has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott. This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the ...

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Ashford Hospitality Trust Announces Spin-Off

Ashford Hospitality Trust Announces Spin-Off

DALLAS—Ashford Hospitality Trust, Inc. has announced the completion of the previously announced spin-off of Ashford Inc. Following the spin-off, Ashford Inc. is now an independent publicly traded asset management company focused on managing real estate, hospitality, and securities platforms both ...

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PwC: Room Rate Gains to Accelerate in 2015

PwC: Room Rate Gains to Accelerate in 2015

NEW YORK—An updated lodging forecast released today by PwC US anticipates room rate gains to accelerate and drive a revenue per available room (RevPAR) increase in 2015, as hotels achieve occupancy levels reflecting the solid lodging demand trends of recent ...

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