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Aloft Brand to Launch in Syracuse

Aloft Brand to Launch in Syracuse

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide’s Aloft brand will soon debut in Syracuse, N.Y. Aloft Syracuse Inner Harbor will be a key component of a massive waterfront redevelopment project along the former Barge Canal. Owned and developed by COR Development ...

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Nobu Hotel and Restaurant to Enter Chicago

Nobu Hotel and Restaurant to Enter Chicago

CHICAGO—Lifestyle group Nobu Hospitality LLC is proud to announce plans for the development of the luxury boutique Nobu Hotel and Restaurant Chicago with a leading U.S. real estate development firm. The property will be located in the West Loop area ...

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Mission Capital Arranges Financing for GEM Hotel Chelsea

Mission Capital Arranges Financing for GEM Hotel Chelsea

NEW YORK—Mission Capital Advisors announced that its debt and equity finance group arranged $33 million in financing on behalf of New York-based investment and management company Icon Realty Management. The financing, a combination of CMBS and mezzanine, was arranged to ...

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PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

ATLANTA, Ga.—According to the March 2014 edition of PKF Hospitality Research LLC’s (PKF-HR) Hotel Horizons forecast report, the U.S. hotel occupancy rate will finally recover to pre-recession levels in 2014. Given this lofty level of performance, many industry participants are ...

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InterContinental Opens First Hotel in Nha Trang

InterContinental Opens First Hotel in Nha Trang

VIETNAM—InterContinental Hotels Group has opened the doors of the brand new InterContinental Nha Trang in the coastal city of Nha Trang, Vietnam. The 279-room hotel overlooks the coastline and waters of the Nha Trang Bay and includes 56 suites. The ...

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