Archipelago Expands Across Mexico and the DR
Skift Take
Archipelago International opened its first office in the Dominican Republic and signed multiple hotel management agreements in the DR and Mexico, adding numerous new properties.
The DJIA fell 197 points, but the Nasdaq was up 109, the S&P 500 rose 5 points, and the 10-year treasury yield was up .02 to 4.44%. Lodging stocks were kind of stuck in the mud. SOND was the only mover of note, down 5%, while VCSA traded down to another new low and then bounced.
Just over a year after changing hands, the Buffalo Niagara Marriott in Amherst, New York, is wrapping up a multi-million dollar renovation of all 356 guestrooms and getting ready to tackle a banquet center redo. Both are part of an investment by Visions Hotels LLC, expected to cost between $15 million and $25 million, more than the company paid to buy the hotel through its Amherst Lodging Partners affiliate in a $14.4 million deal. The company is now following through on a promise to invest heavily in the Marriott, one of the Buffalo region’s largest hotels. In addition to redoing the parking lot last year, the hotel is now fin
