While most hotel REITs chase full-service and luxury hotels in major markets, Chatham Lodging Trust continues to focus on what it knows best: extended-stay and select-service hotels. And the REIT’s latest acquisition...
Ann Hambly compares the challenge of modifying a CMBS loan to climbing a mountain. “You could maneuver it on your own,” says the CEO and president of 1st Service Solutions, “but I liken it to using a Sherpa. You coul...
We’ve heard this story before, and I’ve probably written it, but it really does feel like the hotel transaction market is back. Not only are trophy assets trading, but at least anecdotally, smaller properties and even...
The Ashford Hospitality Trust joint-venture acquisition of Highland Hospitality’s 28-hotel portfolio earlier this month reveals how far the hotel transaction market has come. The $1.28 billon deal alone was more than...
The Digital Signage Expo last week drew a record number of exhibitors, registrations and offered the most educational opportunities in its eight-year history. The event held at the Las Vegas Convention Center covered...
Working as a hotel receiver isn’t for the faint of heart. The assignment often comes on short notice, sometimes includes a surprised and hostile borrower and a property whose physical structure, staff and cash flow h...
Sir Richard Branson offered only a few more details on the launch of his latest brand, Virgin Hotels, but the engaging entrepreneur captivated approximately 2,000 attendees during the keynote address Tuesday at the...
Coming on the heels of last year’s deal to franchise Planet Hollywood hotels, Wyndham Hotel Group has followed with a similar arrangement with Chatwal Hotels & Resorts for exclusive rights to franchise and manage...
While hotel transactions have increased from a trickle to a steady stream in recent months, not everyone is feeling the flow. Trophy assets in gateway cities are trading at pre-recession prices, while many distressed...
