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Asia Pacific’s First Hyatt Place Opens

Asia Pacific’s First Hyatt Place Opens

CHICAGO—Hyatt Hotels Corporation has announced the opening of Asia Pacific’s first-ever Hyatt Place hotel in the Dongmen district of Shenzhen, a southern Chinese city bordering Hong Kong. Hyatt Place Shenzhen Dongmen marks the official arrival of the Hyatt Place brand ...

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Accor Purchases 97 Hotels In Europe

Accor Purchases 97 Hotels In Europe

Accor announced that its HotelInvest business has agreed to purchase two real estate portfolios representing 86 and 11 hotels respectively (12,838 rooms) for a total consideration of about 900 million euros. “These transactions send a strong signal of our capability ...

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Pebblebrook Hotel Trust Acquires the Prescott Hotel

Pebblebrook Hotel Trust Acquires the Prescott Hotel

BETHESDA, Md.—Pebblebrook Hotel Trust has acquired the Prescott Hotel for $49 million. The 160-room hotel is located in the heart of Union Square in San Francisco, Calif. The property will continue to be managed by Kimpton Hotels & Restaurants. “We’re ...

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Kimpton to Convert Historic R.J. Reynolds Building

Kimpton to Convert Historic R.J. Reynolds Building

SAN FRANCISCO—Kimpton Hotels & Restaurants has announced a new partnership with Philadelphia-based PMC Property Group to convert one of the most iconic and historically significant properties in Winston-Salem, N.C.—the R.J. Reynolds Building—into the city’s first luxury boutique hotel, which will ...

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