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Marriott Receives Antitrust Clearance From the European Union to Acquire Starwood
Closing Anticipated in July 2016
June 28, 2016 read more...

120 Room Ironworks Hotel Indianapolis to Break Ground on June 29
The new 100,000-square-foot hotel, scheduled to open Summer 2017, will feature 120 guest rooms, small meeting/conference spaces, a fitness center and a rooftop lounge. It will also offer 15,000-square-feet of street-level retail space and a second-floor upscale restaurant.
June 28, 2016 read more...

Lodging Partners Arranges Sale of Comfort Inn North Myrtle Beach, SC
The Hotel, which sold for the $2,750,000 asking price, was acquired by an affiliate of Riviera Point Development Group and will be managed and operated by Coakley & Williams Hotel Management Company. The new ownership group has plans to reposition the property to a Country Inn & Suites in the fall of this year.
June 28, 2016 read more...

NYC’s Waldorf Astoria Said to Close in ’17 for Condo Rebuild - Bloomberg
New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with knowledge of the plans.
June 27, 2016 read more...

$200 Million Luxury Hotel Announced for Maryland Live! Casino
The Live! Hotel will be located directly adjacent to Maryland Live! Casino at Arundel Mills and add an additional 350,000-square-feet of space to the State's largest gaming facility. The hotel will feature a 17-story hotel tower with 310 luxury guest rooms, an event center, meeting spaces, new dining options, and a day spa/salon.
June 27, 2016 read more...

Cambria Hotel & Suites North Charleston Announced for Late 2017
The 124-room Cambria property will be located just ten minutes from Charleston International Airport, at the southeast corner of Eagle Landing Boulevard and Rivers Avenue.
June 27, 2016 read more...

The Langham, London Announces New Suites & Residences
The new rooms are located in the main building facing Portland Place, with views of the iconic BBC and All Souls Church buildings.
June 27, 2016 read more...

Ritz-Carlton Reserve in Bermuda Breaks Ground
Herve Humler, President and COO of The Ritz-Carlton Hotel Company, L.L.C. joined Bermuda Premier Michael Dunkley and Morgan’s Point Ltd. President and CEO Craig Christensen on Friday, June 17, 2016, to present remarks commemorating the construction of a Ritz-Carlton Reserve as part of the Caroline Bay, Bermuda development.
June 27, 2016 read more...

Great Wolf Lodge Georgia Announced for 2018
Great Wolf Lodge Georgia will be the company’s fifteenth resort in North America. It will be located in La Grange off of I85, 70 minutes from downtown Atlanta. The resort is expected to open in 2018.
June 23, 2016 read more...

Jeju Sun Hotel & Casino in Jeju, Korea Sold for US$101 Million
Jeju Sun Hotel & Casino is a 5-hibiscus hotel located in Jeju City on the island of Jeju-Do in Korea, located five minutes from Jeju International Airport. The hotel has 203 rooms and suites, 2,125 square meters of gaming space.
June 23, 2016 read more...

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