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Sonesta Expands International Locations In Colombia With Sonesta Hotel Cali
NEWTON, MA–Sonesta International Hotels Corporation (Sonesta) is expanding its international portfolio and footprint in South America with the addition of Sonesta Hotel Cali, the brand’s seventh property in Colombia. The hotel is located 12 miles north of the Alfonso Bonilla…
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M3 Helps Launch $350k Ukraine Relief Initiative By Becoming A Founding Partner Of HospitalityforPeace.org
GWINNETT, GA— M3, along with other hotel tech providers, has successfully helped launch HospitalityForPeace.org. Through the alliance of these hospitality and hospitality-related companies, the hotel industry has come together to help provide Ukrainian with much-needed relief and aid. These donations, currently…
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CBRE Forecasts Continued Hotel Recovery In 2022 Despite Increasing Risks
DALLAS—CBRE Hotels Research has raised its forecast for 2022 average daily rate (ADR), Occupancy and Revenue per available room (RevPAR) to reflect the stronger-than-expected fundamental performance in the fourth quarter. Other factors contributing to the improvement include below-average supply growth,…
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The LCP Group & Safanad Acquire Postcard Inn, St. Pete Beach
NEW YORK—A joint-venture between The LCP Group, L.P. (“LCP”), a vertically integrated, private real estate investment firm specializing in hospitality investing, and Safanad, a real estate and private equity investment firm, announced it acquired the iconic Postcard Inn on the…
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Mission Hill Hospitality Acquires Killington Mountain Lodge, Tapestry Collection By Hilton In Vermont
DENVER–Mission Hill Hospitality, a KSL Capital Partners portfolio company focused on transforming select service and extended stay hotel investing, announced it has acquired the Killington Mountain Lodge, Tapestry Collection by Hilton, located in central Vermont’s famed Green Mountains. Terms of…
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Danziger Named CEO Of Braintree Group
BOISE, ID–Braintree Group, an Idaho-based family of companies focused on fostering smart and sustainable community advancement and growth, announced today that Eric Danziger has been hired as Chief Executive Officer. Danziger, formerly the Chief Executive Officer of Trump Hotels, will…