The 508-room Marriott in Stamford, Connecticut, was purchased for $15 million, less than the $31 million when it last traded in 2018. Plus, more hotel deal news.
Kimpton and Extell announced Kimpton Era Midtown New York, a 33-story hotel with 529 rooms opening March 2026. Plus, more hotel deal and development news.
Sonesta announced the debut of Americas Best Value Studios by Sonesta, an extended stay extension of Sonesta’s most franchised brand, Americas Best Value Inn. Plus, more hotel deal news.
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.