Ashford Hospitality Trust said it sold four hotels and agreed to sell two others, projecting more than $60 million in future capital expenditure savings. Plus, hotel development news.
Affiliates of Lodging Advisory Group sold a 16-hotel, 1,775-room, five-stay Extended Stay America portfolio. Plus, more hotel deal and development news.
Loews will build a 500-room hotel at Pittsburgh's convention center as part of a $418 million project with state funding. Plus, more hotel deal and development news.
Wheelock Street may acquire the $458M Historic Cavalier resort in Virginia Beach, as Moon Palace opens 2,171 suites in Punta Cana. Plus, more hotel deal and development news.
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.