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Banyan, Investra Purchase Holiday Inn Express in S.C.

Banyan, Investra Purchase Holiday Inn Express in S.C.

Banyan Investment Group and Investra Investments have purchased the Holiday Inn Express & Suites in Bluffton, S.C., from Veritas Hospitality Group, a division of the Stafford Companies, based in Tifton, Ga. Loxi Hospitality provided advisory services with the transaction. This ...

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Despite Challenges, Best Western Expands Presence in China

Despite Challenges, Best Western Expands Presence in China

Despite a growing number of challenges facing the Chinese hotel industry, including increasing costs, high employee turnover, and decreases in ADR and occupancy rates, international hospitality companies still see huge growth potential ahead in China. Major players like Starwood, Hilton, ...

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IHG Opens Second Even Hotels Property

IHG Opens Second Even Hotels Property

ATLANTA—InterContinental Hotels Group today announces the opening of its second Even Hotels property in Rockville, Md., within the Washington, D.C., metro area. The first Even Hotels property opened in Norwalk, Conn., in mid-June. Even Hotels is expected to be a ...

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Loews Completes Acquisition of Graves 601 Hotel

Loews Completes Acquisition of Graves 601 Hotel

NEW YORK, N.Y.—Loews Hotels & Resorts has completed the acquisition of the 255-room Graves 601 Hotel Wyndham Grand. Located at the center of the business, theater, and entertainment districts in the heart of downtown Minneapolis, the former Graves Hospitality property ...

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IHG Opens Fourth Holiday Inn Express in Indonesia

IHG Opens Fourth Holiday Inn Express in Indonesia

InterContinental Hotels Group has opened Holiday Inn Express Bali Raya Kuta in Indonesia, the fourth Holiday Inn Express hotel to open in the country since the brand debuted there in November 2013. Located in the center of Kuta, the new ...

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