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Former AMC Entertainment chief hired to lead N.C.-based hotel chain
2015-07-23 14:26:55| Beverages - Topix.net
Lopez, 56, comes to Extended Stay from AMC Entertainment Holdings Inc. , where he had served as CEO since 2009 and took the company public. Like Donald, he previously held leadership posts with Starbucks Corp. as well as the Handleman Co.
Tags: entertainment
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Charlotte-based holding group buys upscale Galleria-area hotel
2015-07-21 20:48:10| Grocery - Topix.net
Charlotte, North Carolina-based NB Holdings Corp., a bank holding company, has acquired Le Meridien Dallas by the Galleria for an undisclosed sum. NB Holdings purchased the 11-story, 258-room upscale hotel from Arden Group Inc. and HEI Hotels & Resorts.
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Hotel Chains Invest in Sky Bars to Drive Add-On Revenues
2015-07-13 16:39:00| National Real Estate Investor
Hotel chains are reconfiguring lobby and restaurant areas with a focus on top-floor sky bars that add a new level of excitement to guests activities. read more
Ashford Prime Completes Acquisition of the Award-Winning Bardessono Hotel and Spa for $85 Million
2015-07-10 11:36:07| Jewelry - Topix.net
HFTP is the premier global professional association serving members in hospitality careers. Since 1952, HFTP's mission has been to provide members with superior networking opportunities, industry-leading events, comprehensive certification programs, unique educational opportunities, and other essential resources for professional growth.
Ashford Prime Completes Acquisition of the Award-Winning Bardessono Hotel and Spa for $85 Million
2015-07-10 11:36:06| Jewelry - Topix.net
The acquisition was funded with proceeds from the Company's recently completed preferred stock offering, cash on hand and $2.0 million in key money provided by Ashford Inc. The property will be managed by Remington Lodging who will work with the existing management team to facilitate a smooth transition to maintain the hotel's highest standards of excellence. The purchase price for the Bardessono Hotel and Spa, after adjusting for the key money, represents an estimated forward 12-month cap rate of 5.2% on net operating income and an estimated forward 12-month EBITDA multiple of 16.5x.
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