What’s Hot with Ownership & Management?

NATIONAL REPORT—Today’s report includes Dream Hotel Group’s new hospitality concept; Crescent Hotels & Resorts’ new management contract in Virginia; Main Street Hospitality Group’s latest portfolio addition; and Hotel Equities’ Florida-based new-build.

Crescent Hotels & Resorts to Manage the Marriott Fairfax, VA
Crescent Hotels & Resorts has been selected to manage the Marriott Fairfax, VA at Fair Oaks. The 310-room hotel is located in Fairfax County. The property has 9,000 sq. ft. of meeting space for up to 500 guests; the 703 Bar + Kitchen; a business center; and a fitness center.

Main Street Hospitality Group Grows Berkshires Portfolio
Main Street has added the sixth hotel into its portfolio with the acquisition of the Briarcliff Motel in Great Barrington, MA. Main Street took ownership of the 16-room Briarcliff Motel.

Hotel Equities and Owners Break Ground on Staybridge Suites in Davie, FL
Hotel Equities and F&F LLC broke ground on a new-build Staybridge Suites by IHG in Davie, FL. Construction is underway for the hotel with completion expected in late 2018. Hotel Equities serves as the management company for the property.

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