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Concord Hospitality Sells 13-Hotel Portfolio for $240M

Concord Hospitality Sells 13-Hotel Portfolio for $240M

RALEIGH, N.C.—Concord Hospitality Enterprises has announced the sale of a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. Concord will continue to operate the hotels under ...

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Boston Marathon to Bring Economic Boost to Region

Boston Marathon to Bring Economic Boost to Region

The 118th Boston Marathon on April 21, 2014, and surrounding marathon-related events including the John Hancock Sports & Fitness Expo and the Boston Athletic Association (BAA) 5K, will bring an estimated $175.8 million in spending impact to the Greater Boston ...

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Starwood Hotels Sells Aloft Tucson University

Starwood Hotels Sells Aloft Tucson University

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide Inc. has completed the sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II Inc., a public, non-traded REIT sponsored by The Lightstone Group, a privately held real estate company, ...

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SoTHERLY Hotels Acquires Georgian Terrace Hotel

SoTHERLY Hotels Acquires Georgian Terrace Hotel

WILLIAMSBURG, Va.—SoTHERLY Hotels Inc. has acquired the Georgian Terrace Hotel, an adjacent 698-space parking structure, and a 0.6 acre development parcel for $61 million. The 326-room independent, full-service hotel is located in Atlanta, Ga.’s revitalized Midtown business district. The hotel ...

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