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FelCor Completes Exchange of 10 Joint Ventures Hotels

FelCor Completes Exchange of 10 Joint Ventures Hotels

IRVING, Texas—FelCor Lodging Trust Incorporated announced that it unwound joint ventures that owned 10 non-strategic hotels. Through an exchange of interests, FelCor now owns five of those hotels outright, and its joint venture partner owns the other five. The company ...

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Accor Purchases 97 Hotels In Europe

Accor Purchases 97 Hotels In Europe

Accor announced that its HotelInvest business has agreed to purchase two real estate portfolios representing 86 and 11 hotels respectively (12,838 rooms) for a total consideration of about 900 million euros. “These transactions send a strong signal of our capability ...

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Trigild and Blu Hotel Investors Acquire Second Hotel

Trigild and Blu Hotel Investors Acquire Second Hotel

SAN DIEGO—Expanding their Southern California hotel portfolio, San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have completed the $16.5 million acquisition of the three-story, 100-room Holiday Inn Express Hotel & Suites in Santa Cruz. Trigild, a real estate services ...

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Red Lion Hires SVP of Business Development

Red Lion Hires SVP of Business Development

SPOKANE, Wash.—Red Lion Hotels Corporation has announced the addition of Angela Landgraf as senior vice president of business development. To capitalize on the expansion prospects for Red Lion into leading markets around the country, Landgraf will manage hotel acquisitions and ...

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The Brains Behind Think Hotel Group

The Brains Behind Think Hotel Group

Mark Shemel, Shawn Vardi, and Hunter Gellin have been business partners for more than a decade—best friends for even longer—and not once in that span have they ever gotten into an argument. “It’s insane,” says Vardi, chief operations officer of ...

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