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Extended Stay America Launches of IPO

Extended Stay America Launches of IPO

CHARLOTTE, N.C.—Extended Stay America and ESH Hospitality Inc. (ESH REIT) announced that they have commenced an initial public offering of 28,250,000 paired shares, consisting of Common Stock of Extended Stay America, Inc., and Class B Common Stock of ESH Hospitality, ...

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Inland American Acquires the Lorien Hotel and Spa

Inland American Acquires the Lorien Hotel and Spa

OAK BROOK, Ill.—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, announced that it has acquired the 107-room Lorien Hotel and Spa in Alexandria, Va., for a purchase price of approximately $45 million. “This boutique ...

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Hotel Market Insight: Nashville

Hotel Market Insight: Nashville

The economy of Tennessee’s capital city has proven indomitable over the past several years, even given the upsets in the markets and the gridlock in the federal government. The stability of state government and educational institutions, growing healthcare and automotive ...

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Carey Watermark Investors Acquires Hawks Cay Resort

Carey Watermark Investors Acquires Hawks Cay Resort

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced today that it has acquired the Hawks Cay Resort, the largest destination resort in the Florida Keys. Located on Duck Key—approximately 100 miles south of Miami and 60 miles northeast of Key West—Hawks ...

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Hotel Market Insight: Baltimore

Hotel Market Insight: Baltimore

Compared with Mid-Atlantic sister cities such as Boston, New York, Philadelphia, and Washington, D.C., Baltimore’s pivotal role in America’s history—as well as its present—remains unsung. More than 300 years ago, the city was established as a major port of trade; ...

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