Sunstone Hotel Investors, Inc. (NYSE:SHO) announced today the sale of the 274-room Marriott located in Napa, California for gross sale proceeds of $36.0 million. Sunstone estimates that the property would require approximately $6 million in near-term renovation expenditures to comply with Marriott brand standards.
The Adolphus joins Crescent’s collection of classic independent hotels & resorts that also includes the Georgian Terrace in Atlanta and the il Lugano Hotel in Ft. Lauderdale.
SunVesta, Inc. (OTCBB: SVSA) (FWB: TVU2) announces the signing of a non-binding Letter of Understanding with WingField Corporation and Jumeirah Group, an international hotel management company based in Dubai, United Arab Emirates.
Embassy Suites Hotels unveiled its first one-room suite, designed to pack more room into a smaller space for today’s cost-conscious traveler and hotel developer. This new suite concept represents the first major room design change since the upscale brand’s launch 25 years ago.
Tourism in South East Europe is booming. The holiday destinations Romania, Bulgaria and Turkey experience an increasing number of first class and luxury hotels – 35 new projects are under construction. In Turkey the number of new top hotels will rise by 19 (3,500 rooms).
On July 7, 2009, the Americas Lodging Investment Summit (ALIS) will host the first ALIS Summer Update, a half-day event presenting a mid-year snapshot of the hotel industry’s most important investment topics.
2casarealty.com fills a massive gap in the Mexico real estate search engine market and delivers agents and brokers fresh opportunity.
New Hotels in Panama City Reinforce Company’s Commitment to Grow in Central America
Legendary South Florida Resort Joins The Waldorf Astoria Collection(TM)
The contracts include eight IHG properties that are all owned by Talbot S.A., under a license agreement with a company in the InterContinental Hotels Group.