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Carey Watermark Acquires Courtyard Times Square West

Carey Watermark Acquires Courtyard Times Square West

NEW YORK—Carey Watermark Investors Incorporated, a non-traded real estate investment trust focused on investing in lodging properties, announced that it has acquired the Courtyard Times Square West, a 224-room select-service hotel in Midtown Manhattan. CWI’s total investment in the property ...

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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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