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Chatham Lodging Completes 47-Hotel Acquisition in Joint Venture

Chatham Lodging Completes 47-Hotel Acquisition in Joint Venture

PALM BEACH, Fla.—Chatham Lodging Trust today announced that it completed the previously announced acquisition of a 51-hotel, 6,848-room portfolio from a joint venture comprised of Cerberus Capital Management LP and Chatham in two separate transactions. The combined total purchase price ...

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Hilton Worldwide Unveils Plans For Qatar Beach Resort

Hilton Worldwide Unveils Plans For Qatar Beach Resort

DUBAI, U.A.E. and MCLEAN, Va.—Hilton Worldwide has announced plans with Qatar investors Al-Rayyan Hospitality to develop a new Hilton Hotels & Resorts property at Salwa Beach in Qatar. The development, the largest of its kind in the Middle East and ...

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7 Tips from Blackstone’s Jonathan Gray

7 Tips from Blackstone’s Jonathan Gray

At the NYU International Hospitality Industry Investment Conference last week, Jonathan Gray, global head of real estate at Blackstone, discussed everything from the current economic environment and hot markets to the firm’s investment strategies and recent $1.73 billion acquisition of ...

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PKF: Good Times Ahead for Lodging Industry

PKF: Good Times Ahead for Lodging Industry

ATLANTA, Ga.—PKF Consulting USA (PKFC) today released the results of its annual Hospitality Investment Survey, which revealed that hospitality investment indices continue to operate at optimal performance levels. According to the survey results, hotel profits are up, debt is more ...

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Crowne Plaza Hotel Opens at Seattle Airport

Crowne Plaza Hotel Opens at Seattle Airport

ATLANTA—InterContinental Hotels Group announces the conversion of the 260-room Crowne Plaza Seattle Airport hotel, following a significant renovation funded by the owner, Seatac Airport Hospitality LLC. Located just one block from the Seattle-Tacoma International Airport, the hotel features new Crowne ...

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