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Q2: Pebblebrook raises outlook on higher rates and occupancy   25 Jul, 2014

Bethesda-based Pebblebrook Hotel Trust had a heady second quarter, reporting high occupanies and even higher room rates. Pebblebrook had second-quarter net income of $16.6 million compared to $8.7 million. Funds from operations rose to 56 cents per share, from 43 cents.More>>

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This week's hotel sales—and what's for sale   25 Jul, 2014

The end of the week brought some big hotel transactions and some interesting listings. Here's a recap of the week that was, and what the future holds. More>>

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Cobblestone breaks ground on 11th Nebraska hotel   24 Jul, 2014

Cobblestone Hotels along with the City of Cambridge, Neb., celebrated the ground breaking of the future Cobblestone Inn and Suites there. Cobblestone Hotels currently has six hotels in the building and development stages in Nebraska and thirteen hotels under construction in the U.S.More>>

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Langham on the prowl for Australia hotels   24 Jul, 2014

Hong Kong-based Langham Hotels will reportedly more than triple its size to 100 hotels within the next five years, with an Australian resort on the Queensland coast and a property in Perth in its sights, according to new company chief Bob Warman. More>>

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Indian billionaire makes play for London's Grosvenor House   24 Jul, 2014

Indian billionaire Cyrus Poonawalla has reportedly offered £550 million, or around $935 million, to acquire London's Grosvenor House hotel from Indian conglomerate Sahara Group, whose embattled chairman currently is in jail for alleged contempt of court.More>>

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Kempinski takes over management of Kigali's Hôtel Des Milles Collines   23 Jul, 2014

Kempinski Hotels officially took over the management of the historic Hôtel Des Milles Collines in Rwanda’s capital city of Kigali at the beginning of the month. The renamed Hôtel Des Milles Collines by Kempinski will be the European hotel company’s ninth hotel operating on the continent, with...More>>

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Garrison Investment buys NOLA hotel for $10.75M   23 Jul, 2014

New York real estate investment firm Garrison Investment Group has made its first acquisition in the New Orleans market with the purchase the 129-room O'Keefe Plaza Hotel for $10.75 million. More>>

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Hunter marketing historic Baltimore building as hotel   23 Jul, 2014

Hunter Hotel Advisors is representing Rialto Capital in the sale of the Historic Union Trust Building in Baltimore. The 12-story building has a long tenure in Baltimore’s history and has undergone a partial conversion from office building to 100-room hotel. More>>

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First look: Trump gets going on $200M D.C. hotel   23 Jul, 2014

The 270-room hotel, which breaks ground today, is a conversion of the Old Post Office Pavilion on Pennsylvania Avenue. Trump won approval last June to redevelop the site into a hotel, which is slated to open in 2016.More>>

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Cobblestone opens 10th hotel in Nebraska   22 Jul, 2014

The 15th Boarders Inn and Suites by Cobblestone has officially opened in Broken Bow, Neb., after a conversion. The 34-room hotel includes whirlpool suites, with amenities such as microwaves and refrigerators, coffee service, free Internet, and flat-panel TVs in each room. More>>




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