A JW Marriott Resort Sells for $835 Million
Sculptor is buying the JW Marriott Marco Island resort for $835 million, while the Goodtime Hotel faces foreclosure. Plus, more hotel deal and development news.
Donohoe Hospitality Services
Seibu Holdings to Buy Ace Group's Parent Company
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.
U.S. Hotel Construction Volume Falls to 20-Quarter Low
CoStar said the volume of US hotel rooms under construction decreased year over year for a sixth consecutive month, down by almost 12%.
Sternlicht Revives the Starwood Brand
Barry Sternlicht is set to revive the Starwood brand through his current hotel management company, SH Hotels & Resorts, rebranding it as Starwood from February.