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Xenia Hotels & Resorts Completes $163 Million 5-Hotel Portfolio Sale to Summit Hotel Properties
Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced the completion of the 5-hotel, 812-guestroom portfolio sale to an affiliate of Summit Hotel Properties (NYSE: INN) for a total purchase price of $163 million, or approximately $201,000 per key.
June 22, 2017 read more...

ANA InterContinental Beppu Resort & Spa Announced for 2019
The city of Beppu, on the southern Japanese island of Kyushu, has long been a favourite with locals as an onsen retreat. Today, the city will enjoy a boost as an international spa resort destination with the announcement of the execution of a hotel management agreement for the ANA InterContinental Beppu Resort & Spa between IHG ANA Hotels Group Japan LLC and GHS K.K.
June 22, 2017 read more...

The Siegel Group Purchases Regency Hotel in Dallas Out of Bankruptcy for $5 Million
This acquisition increases the number of Siegel Suites and Siegel Suites Select properties throughout the southwestern United States to 40 and marks the introduction of The Siegel Group’s flexible-stay and extended-stay brands to the Texas market.
June 22, 2017 read more...

Loews Hotels & Co and KC Hotel Developers LLC Partner on New Kansas City Convention Center Hotel
Loews Kansas City Convention Center Hotel to Open in Early 2020, Construction Set to Begin Fall 2017
June 21, 2017 read more...

MGM Grand Breaks Ground on $130 Million Conference Center and Stay Well Meetings Expansion
The MGM Grand Conference Center is adding 250,000 square feet for a total of more than 850,000 square feet.
June 21, 2017 read more...

The Pacific Edge Hotel in Laguna Beach Sold for $57.5 Million
JLL's Hotels & Hospitality Group announced that the firm arranged the sale of the Pacific Edge Hotel on behalf of a joint venture owned by certain affiliated entities of Westport Capital Partners, LLC. Highgate, in a joint venture with Morgan Stanley Real Estate Investing, purchased the 109-key property for $57.5 million.
June 21, 2017 read more...

Kohea Kai Resort Maui In Hawaii Joins Ascend Hotel Collection
Located steps away from five miles of sandy beach, the relaxing Kohea Kai Resort Maui is a 26-room boutique hotel featuring soothing ocean views, outdoor pool and hot tub, open-air rooftop lanai, and serene spacious suites.
June 21, 2017 read more...

Palladium Hotels & Resorts Rebranding the Royal Suites Portfolio of Hotels
Adults-only premium properties being renovated, renamed TRS Hotels
June 21, 2017 read more...

Six Senses Ibiza Resort Announced for 2020
Six Senses Hotels Resorts Spas announced the latest addition to their portfolio, Six Senses Ibiza. Set to open in 2020, the resort is tucked away on the peaceful northern tip of Ibiza in the crystalline Cala Xarraca Bay.
June 21, 2017 read more...

178 Room Hilton Garden Inn Hotel Announced for Birmingham Airport
Hilton (NYSE: HLT) has signed a franchise agreement with Castlebridge Hotels Birmingham Airport Limited, a wholly owned subsidiary of Wylam Investments, to open a Hilton Garden Inn hotel at Birmingham Airport.
June 21, 2017 read more...

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