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Delta Toronto Hotel to Open in November

Delta Toronto Hotel to Open in November

TORONTO, Ontario—Delta Hotels and Resorts’ new Toronto property has entered its final phases of construction and remains on schedule to open at the end of November 2014. In four months, Toronto will gain a brand new four-star hotel in the ...

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Ashford Completes Acquisition of Fremont Marriott Silicon Valley

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45 percent below estimated replacement cost. The transaction was funded ...

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Noble Acquires Hyatt Place Houston Sugar Land

Noble Acquires Hyatt Place Houston Sugar Land

HOUSTON—Noble Investment Group today announced the acquisition of Hyatt Place Houston Sugar Land. The hotel, which opened in 2010, is located in the prominent Sugar Land area, which is southwest of downtown Houston. “The Houston MSA continues to be a ...

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IHG to Sell InterContinental Paris – Le Grand for $442M

IHG to Sell InterContinental Paris – Le Grand for $442M

InterContinental Hotels Group today announces that it has received a binding offer from Constellation Hotels Holding Limited to acquire InterContinental Paris – Le Grand. The proposed purchase price is $442 million, payable in cash at completion. Constellation has made a ...

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IHG Signs Nine Hotel Indigo Agreements

IHG Signs Nine Hotel Indigo Agreements

ATLANTA—InterContinental Hotels Group (IHG) announces the continued expansion of its Hotel Indigo brand in top-tier markets across the United States, with nine signings in the first seven months of 2014. The hotels will be located from the East Coast to ...

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