Ownership

Minnesota Sheraton Reflagged As DoubleTree

BLOOMINGTON, MN—Private-equity firm Platinum Equity and management company Richfield Hospitality have reflagged the 564-room Sheraton Bloomington here to a DoubleTree…

Driftwood Partners With Apollo

NORTH PALM BEACH, FL, and NEW YORK–Driftwood Hospitality Management, LLC, and and affiliates of Apollo Global Management, LLC, have formed…

Sheraton Opens In Stamford, CT

STAMFORD, CT—Starwood Hotels & Resorts Worldwide has added to its Sheraton portfolio with the opening of a new Sheraton hotel here.…

Chesapeake Acquires SF Hotel

SAN FRANCISCO, CA–Chesapeake Lodging Trust has acquired the 171-room Hotel Adagio here for $42.25 million. Chesapeake, an Annapolis, MD-based REIT,…

Hyatt And Noble Form Joint Venture

CHICAGO—Affiliates of Hyatt Hotels Corp. and Noble Investment Group have formed a joint venture to develop Hyatt Place and Hyatt…