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RLJ Lodging Trust Sells Portfolio of 11 Hotels

RLJ Lodging Trust Sells Portfolio of 11 Hotels

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Trust announced that the company has closed on the sale of a portfolio of 11 hotels for approximately $85 million. The sale price represents approximately a 7.9 percent capitalization rate on the portfolio’s estimated 2013 net ...

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Courtyard Hotel To Open In Wilmington, N.C.

Courtyard Hotel To Open In Wilmington, N.C.

WILMINGTON, N.C.—Courtyard by Marriott is launching a hotel in Wilmington, N.C. This is the newest Courtyard in the area featuring the Refreshing Business lobby environment. Along with media pods, WiFi, and a variety of seating zones, the redefined space is ...

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Hyatt Announces Plans for First Andaz Hotel in Germany

Hyatt Announces Plans for First Andaz Hotel in Germany

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a contract with a family-owned company based in Munich for an Andaz hotel in Munich. The first Andaz-branded hotel in Germany, Andaz Munich will join hotels currently located in ...

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Starwood Brings the Luxury Collection Brand to South Korea

Starwood Brings the Luxury Collection Brand to South Korea

NEW YORK—Starwood Hotels and Resorts and Parnas Hotel Co. announced the signing agreement of The Parnas, A Luxury Collection Hotel, Seoul. Located in the city’s upscale southern district of Gangnam, the hotel’s debut will mark the first Luxury Collection hotel ...

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