Hotel Effectiveness Acquires LobbyLights
ROSWELL, GA—Hotel Effectiveness, a provider of labor management software for the hotel industry, is all about optimizing labor costs. “Labor…
Acquisitions
5 Transactions to Know
NATIONAL REPORT—Hotel Business is tracking transactions. HFF and Sonnenblick-Eichner Co., among others, have recently made deals. Here are the details:…
Hotel Sales Abound Across the U.S.
NATIONAL REPORT—Where are hoteliers buying and selling? Here’s more on the recent transactions: Sonnenblick-Eichner Arranges $36.3M Loan for Acquisition of…
Airbnb to Invest in OYO Hotels and Homes
INTERNATIONAL REPORT—Airbnb will invest in Indian hotel start-up OYO Hotels and Homes, the home-sharing company confirmed to Hotel Business. “Emerging…
HB ON THE SCENE: Benchmark Launches Private Label Wines
NEW YORK—Benchmark and Scheid Family Wines of Monterey, CA, have created a new partnership to create Mō zāik, a premier…
Hotel Deals in the Northeast
NATIONAL REPORT—A refinancing in New York City, plus sales in the Greater Boston area and in Maryland are some of…
GIC Secures 25% Stake in CitizenM
AMSTERDAM—CitizenM Hotels, KRC, APG, and GIC (the sovereign wealth fund of the government of Singapore) have signed an agreement where…
Report: Eldorado, Caesars Explore Possible Merger
LAS VEGAS—Eldorado Resorts Inc and Caesars Entertainment Corp are in the early stages of exploring a merger, according to sources…
Three Transactions to Know
NATIONAL REPORT—A refinancing and two sales make up some of the recent deals across the hotel industry: HFF Refinances Hilton…
Driftwood’s $85.7M Buy; More Hotel Transactions
NATIONAL REPORT—Driftwood Acquisitions and Development has acquired a hotel in San Diego—with plans to build another; Apple Hospitality REIT Inc.…