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Northstar and Chatham to Acquire Innkeepers Portfolio

Northstar and Chatham to Acquire Innkeepers Portfolio

PALM BEACH, Fla.–Cerberus Capital Management and Chatham Lodging Trust reached an agreement to sell their Innkeepers joint venture for $1.3 billion. Northstar Realty will acquire Cerberus Capital Management’s 89.7 percent interest in the joint venture, and Chatham will retain its ...

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Interval Leisure Group to Acquire Hyatt Residential Group

Interval Leisure Group to Acquire Hyatt Residential Group

MIAMI & CHICAGO—Interval Leisure Group and Hyatt Hotels Corporation have announced their affiliates have signed a definitive agreement for ILG to purchase Hyatt Residential Group for approximately $190 million. In addition, ILG will acquire Hyatt’s interest in a joint venture ...

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The Ritz-Carlton to Expand Global Portfolio

The Ritz-Carlton to Expand Global Portfolio

CHEVY CHASE, Md.—The Ritz-Carlton Hotel Company will open 15 new hotels by 2016, growing its global footprint to 100 hotels and resorts. New openings ranging from a city property in Cairo to a beachfront resort in Bali. “This prolific period ...

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Value Place to Expand in Tennessee

Value Place to Expand in Tennessee

CHATTANOOGA, Tenn.——Value Place has partnered with local franchisors Amish and Dipal Patel to develop a hotel in Chattanooga, Tenn. This will be the brand’s eighth hotel in Tennessee. “This new hotel will help to meet the fast-growing demands of the ...

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Hard Rock Hotel Riviera Maya Celebrates Grand Opening

Hard Rock Hotel Riviera Maya Celebrates Grand Opening

MIAMI, Fla.—All Inclusive Collection officially introduced the world’s fourth all-inclusive Hard Rock Hotel with the grand opening celebration of Hard Rock Hotel Riviera Maya in Mexico on May 4. The star-studded event featured a red carpet, signature Hard Rock Guitar ...

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