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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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NYC’s Standard Hotel to Fetch $400 Million

NYC’s Standard Hotel to Fetch $400 Million

If hotel executives weren’t convinced that the lodging industry is back and beating pre-recession levels, maybe this news coming out of New York will give them more proof. The Wall Street Journal is reporting that the Standard Hotel, located in ...

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