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IHG Announces Third InterContinental Hotel for London

IHG Announces Third InterContinental Hotel for London

LONDON—InterContinental Hotels Group (IHG) announced the signing of its third InterContinental property for London: InterContinental London The O2. The new hotel is scheduled to open in 2015 when it will take its place alongside its sister properties InterContinental London Westminster, ...

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Hersha Hospitality Trust to Sell Portfolio of 16 Hotels

Hersha Hospitality Trust to Sell Portfolio of 16 Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the Company has entered into a definitive agreement to sell 16 hotels to an affiliate of Blackstone Real Estate Advisors for gross proceeds of $217 million, or approximately ...

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Homewood Suites by Hilton Opens Hotel in DuBois, Pa.

Homewood Suites by Hilton Opens Hotel in DuBois, Pa.

MCLEAN, Va.—Homewood Suites by Hilton, Hilton Worldwide’s brand of upscale, all-suite, extended-stay hotels, announced the opening of its newest property in DuBois, Pa. Creating 30 permanent jobs, the four-story, 106-suite hotel is owned by Rama Tika Developers, LLC., and will ...

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Hyatt Announces a Third Hyatt-Branded Hotel in Colombia

Hyatt Announces a Third Hyatt-Branded Hotel in Colombia

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Fideicomiso FAFP-Promover-Hotel Cali- Fiduciaria del País S.A. for a Hyatt Regency hotel in Santiago de Cali, Colombia. This agreement marks the third Hyatt-branded hotel under ...

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Inland American Acquires Two Andaz Hotels

Inland American Acquires Two Andaz Hotels

OAK BROOK, Ill.—Inland American Lodging Group (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust (“Inland American”), and Hyatt Hotels Corporation announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, ...

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