Virgin Hotels Chicago Sold, Brooklyn's Hotel Indigo Sold
Virgin Hotels has sold its 250-room hotel in Chicago to a firm specializing in converting properties into timeshare investments. Plus more hotel deals and development news.
HN Capital Partners
Hawaii Gets a Rosewood Luxury Resort
Stock market decline: DJIA and Nasdaq both down, S&P 500 fell, causing investor anxiety due to rising interest rates.
Hotel acquisitions and auctions: Apple Hospitality acquires Courtyard by Marriott in Cleveland, Sheraton Bucks County Langhorne hotel up for auction, Holiday Inn in Charleston to become Live Oak in Marriott's Tribute Portfolio.
Hotel developments: Hampton Inn & Suites in Manistee near completion, Resorts World Las Vegas opens private members' club, Virgin Hotel in Dallas changes ownership, Kona Village in Hawaii opens as a Rosewood Resort.
Alan Woinski and Kim Woinski |
Report: Hotel Rates Will Increase Worldwide in 2023
A new American Express Global Business Travel report suggests hotel rates worldwide will increase again in 2023 thanks to pent up demand for in person meetings.
Choice Hotels International announced the opening of the first Everhome Suites hotel, debuting in Corona, California .
HN Capital Partners announced the acquisition of the historic Rosewood Mansion on Turtle Creek , an iconic century old former private estate in Dallas.
Alan Woinski and Kim Woinski |