Crestline to Invest $300M in Growth Opportunities
FAIRFAX, VA—Crestline Hotels & Resorts LLC has created a $300-million fund that it will use to acquire hotels and invest…
Management
Highgate to Manage New Hotel; Hotel Equities Adds Four Hotels; More…
NATIONAL REPORT—Hotel Business has been rounding up management news. Highgate, Hotel Equities and Dalata Hotel Group have made moves. Sandestin Investments…
Innisfree Founder Julian MacQueen Taps Ted Ent as CEO
GULF BREEZE, FL—Innisfree Founder and CEO Julian MacQueen revealed the transition of Innisfree Hotels to a legacy company and appointed…
In Sin City, Mandarin Oriental Ends Management Deal; Plus Two Renovations
LAS VEGAS—The Mandarin Oriental Hotel Group will no longer be managing its namesake location here, and two properties on the Strip…
Report: Plaza Hotel Deal May Not Happen
NEW YORK—The $600-million sale of the Plaza Hotel may not happen, according to a report by Bloomberg News. Ashkenazy Acquisition…
New Castle Hotels & Resorts President & COO to Retire
SHELTON, CT—New Castle Hotels & Resorts President and COO Gerry Chase will retire from the company, effective June 30. Founded…
What’s the Deal With Management? Portfolio Additions Abound
NATIONAL REPORT—Crescent Hotels & Resorts, Marshall Hotels & Resorts and GF management have added properties to their portfolios. Here’s the…
Crescent, Two Roads Add Properties to Portfolios; More…
NATIONAL REPORT—Hotel Business has been rounding up management contracts. Here’s what we found: Crescent Hotels & Resorts Adds The Mayfair…
Hyatt Plots Global Growth
CHICAGO—Hyatt Hotels Corporation is expanding its global footprint with three openings and three planned openings on four continents. Grand Hyatt…
Foncière des Régions Acquires Hotels from Starwood Capital Group; IHG to Manage
INTERNATIONAL REPORT—In a $1.1 billion deal, Foncière des Régions (FdR) has agreed to purchase a portfolio of 14 U.K. hotels…