Bain Capital and Smith Hill Capital Form Joint Venture
BOSTON and NEW YORK—Bain Capital Special Situations and Smith Hill Capital, an affiliate of Procaccianti Companies, announced the formation of a joint venture to...
Maverick Adds Riverview Inn & Suites to Managed Portfolio
CHICAGO, Illinois—Maverick Hotels and Restaurants announced that it has added another property in the state of Illinois to its growing portfolio. Maverick Founder and...
Marriott’s Capuano Weighs in on Newest Brand, Industry Issues
Marriott International continues to grow its brand portfolio and expand its reach through new initiatives, such as the recent launch of a new extended-stay...
hihotels Activates Four Properties in Texas and Pennsylvania
ATLANTA—hihotels by Hospitality International announced four properties—Scottish Inns in Austin, Forest Hill, and Hankamer, Texas, as well as a Passport Inn in Paradise, Pennsylvania.
The...
McKibbon Hospitality Adds Aloft Denver North Westminster to Management Portfolio
DENVER, Colorado—McKibbon Hospitality welcomed a new addition to its management portfolio, Aloft Denver North Westminster. The 120-room pet-friendly property marks McKibbon’s fifth managed Aloft...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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