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The all-suites brands by Hilton have significantly increased footprints, thanks to prototypes that make it easy to build Embassy Suites, Homewood Suites and Home2 Suites in high-barrier-to-entry locations.
Two Pack Hotel LP, an affiliate of Excel Hotel Group, acquires the 132-room Comfort Suites San Diego-Miramar and the 75-room Holiday Inn Express San Diego-Mira Mesa from LLJ Ventures, presenting a value-add opportunity.
As firefighters struggle to get a foothold on the devastating fires, the wine industry grapples with how this catastrophe will impact future output, meanwhile the last 10% of Cabernet grapes are still to be harvested.
The pipeline remains full as demand continues for readily available access to capital on well thought-out projects ranging from large flagged hotel brands to boutique concepts such as the 61-key Park James.
There's not a lot of product out there, and when it does come up, it gets chased pretty aggressively, driving cap rates down for top-shelf, select-service hotels, CBRE's Rod Apodaca tells GlobeSt.com.
Art made from used computer floppy disks, an iron sculpture that is the impression of a 1983 Toyota Land Cruiser and restaurant tables carved to look like blades of an Asian fan, all reflect a Texas-Asian juxtaposition.
The portfolio consists of the 251-room VERVE-Crowne Plaza Boston-Natick and the 188-room Hampton Inn Boston-Natick in Natick and the 184-room Holiday Inn Boston Bunker Hill Area in Somerville.
Long-term, the spin-off from Caesars Entertainment Operating Co. will look at diversifying beyond gaming, “but we're going to do so using very strictly self-imposed criteria,” VICI Properties CEO Ed Pitoniak tells GlobeSt.com.