Hotel Development News
February, 28 2017
 
 
 
Hotel Development Pennsylvania
Autograph Collection Hotel to Open 2018 in Pittsburgh
 
Concord Hospitality announced today that it plans to open Pittsburgh's first Autograph Collection Hotel in the heart of the Oakland neighborhood. Construction began on the 167-room property, The Oaklander Hotel, last month. The development team is led by Oakland Fifth Avenue Hotel Associates LP, a partnership between Concord and Callay Capital. Read more
 
REIT Merger
Ashford Hospitality Trust Makes Offer for FelCor Lodging Trust
 
Combined company would result in the third-largest pure-play publicly traded lodging REIT by enterprise value Read more
 
Hotel Transaction Vermont
Stowe Mountain Resort in Vermont Sold for $50 Million
Stowe Mountain Resort in Vermont Sold for $50 million
 
Vail Resorts, Inc. (NYSE: MTN) today announced that on Feb. 17, 2017, it entered an agreement to acquire Stowe Mountain Resort from Mt. Mansfield Company, Inc. (MMC), a wholly owned subsidiary of American International Group, Inc. (AIG), for a purchase price of $50 million, subject to certain adjustments. Read more
 
Hotel Opening Qatar
Mondrian Doha Hotel to Open This Spring in Qatar
Mondrian Doha Hotel to Open This Spring in Qatar
 
The 270-room hotel has been designed in collaboration with Dutch designer, Marcel Wanders, along with South West Architecture - the architectural company of record for Mondrian Doha, responsible for the design of the building. Read more
 
Hotel Development New Orleans
Blake Hotel New Orleans Joins BW Premier Collection
Blake Hotel New Orleans Joins BW Premier Collection
 
The 122 Room Blake Hotel New Orleans is located in Downtown New Orleans within proximity to Bourbon Street. Read more
 
Hotel Development China
Shanghai's The Yuluxe Sheshan Hotel Joins Tribute Portfolio
Shanghai's The Yuluxe Sheshan Hotel Joins Tribute Portfolio
 
Each guestroom and suite offers breathtaking views of Sheshan or the Moon Lake. Read more
 
Hotel Transaction Seattle
Pan Pacific Hotel in Seattle, WA Sold for $79.0 Million
Pan Pacific Hotel in Seattle, WA Sold for $79.0 million
 
Hersha Hospitality Trust (NYSE: HT announced the Company acquired the 153-room Pan Pacific Hotel in Seattle, WA for $79.0 million. Read more
 
Hotel Development Manhattan
New York City's Most Iconic Hotel is Closing Indefinitely This Month - Business Insider
 
New York City's Waldorf Astoria is one of the most legendary hotels in the world. Its suites have hosted every US president since Herbert Hoover, and Hollywood legends Sophia Loren, Elizabeth Taylor, and Frank Sinatra have all at different times called the residential towers home. Read more
 
Hotel Transaction Miami
Ritz-Carlton Coconut Grove Hotel Sold for for $36.0 Million
Ritz-Carlton Coconut Grove Hotel Sold for for $36.0 million
 
Hersha Hospitality Trust (NYSE: HT) announced the Company acquired the 115-room Ritz-Carlton in Coconut Grove, Miami, FL for $36.0 million. Read more
 

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In Brief...
 


REIT Merger
FelCor Lodging Trust Clarifies Background on Ashford Hospitality Trust Proposal

Hotel Development Whistler
Vail Resorts Announces Renewal Of Whistler Blackcomb Master Development Agreements

Hotel Development Turkey
Wanda Vista Istanbul Hotel Announced for 2018

Hotel Development Florida
Davidson Hotels Adds The Don CeSar In St. Pete Beach to Portfolio

 
 
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