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Concord Hospitality Sells 13-Hotel Portfolio for $240M

Concord Hospitality Sells 13-Hotel Portfolio for $240M

RALEIGH, N.C.—Concord Hospitality Enterprises has announced the sale of a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. Concord will continue to operate the hotels under ...

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MGM Resorts and Hakkasan Group Form Joint Venture

MGM Resorts and Hakkasan Group Form Joint Venture

LAS VEGAS—MGM Resorts International and Hakkasan Group have announced the formation of a joint venture hotel management company, to be named MGM Hakkasan Hospitality. The strategic alliance will focus on the design, development, and management of luxury non-gaming hotels, resorts, ...

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Aimbridge to Manage Embassy Suites Bloomington

Aimbridge to Manage Embassy Suites Bloomington

DALLAS, Texas—Aimbridge Hospitality has been awarded the management contract for the Embassy Suites Bloomington Hotel, which is located nearby the Minneapolis-St. Paul International Airport and 16.1 million square feet of office space, occupied by major corporate users. The hotel also ...

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McKibbon Adds Five Marriott Properties

McKibbon Adds Five Marriott Properties

TAMPA, Fla.—McKibbon Hotel Management Inc. of Tampa, Fla., has taken over management of five Marriott properties in the Northeast. The hotels are located in the Philadelphia, Washington, D.C., and Albany, N.Y., areas. The move boosted McKibbon’s management portfolio nationwide to ...

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CSM Lodging Announces Hyatt Place Lansing Eastwood

CSM Lodging Announces Hyatt Place Lansing Eastwood

MINNEAPOLIS, Minnesota—CSM Lodging, a division of CSM Corporation, has announced the latest addition to the hotel management and ownership-company’s portfolio: The Hyatt Place in Lansing Township, Mich. The six-story, 125-key Hyatt Place Lansing hotel will be located in the Heights ...

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