Ownership

Microtel To Expand In Canada

CALGARY, ALBERTA–More than 75 new construction Microtel Inns & Suites are expected to open in Canada in the next 25…

Hyatt Place Comes To Charlotte

CHARLOTTE, NC–Small Brothers, a developer, plans to open a 172-room Hyatt Place here next year. The hotel will be part…

Hilton Continues Growth In Egypt

CAIRO—Hilton Hotels & Resorts opened its 16th hotel in Egypt: Hilton Zamalek Residence Cairo. The 88-room and 76-suite property overlooking…

Desires Opens Panama Resort

ESCRIBANO BAN, PANAMA—Desires Hotels has added to its international collection with the opening of the Coral Lodge resort here. The…

Hersha Builds Manhattan Inventory

NEW YORK—Hersha Hospitality Trust purchased a Holiday Inn Express and a Hampton Inn in downtown Manhattan for $69 million from…

Marriott Q1 RevPAR Jumps

BETHESDA, MD—Marriott International reported first-quarter 2011 worldwide RevPAR increased 6.5%, compared to the same period in 2010. ADR rose 3%…