Hospitality Business

2+ day, 8+ hour ago   (346+ words) Birmingham’s The Summit, home to more than 30 retailers and restaurants with their only Alabama location there, has sold for $508 million in the first sale in the shopping center’s history. Maryland-based Federal Realty Investment Trust announced the acquisition Oct. 1, saying it…...

6+ day, 12+ hour ago   (172+ words) ALPHARETTA, GA. — Crescent Real Estate LLC has sold The Hotel at Avalon, a 330-room hotel within the Avalon mixed-use campus in Alpharetta, a northern suburb of Atlanta. A joint venture featuring Austin-based Endeavor Real Estate Group purchased the hotel for…...

1+ week, 4+ hour ago   (168+ words) marketscreener.com Choice Hotels International, Inc (NYSE:CHH) entered into an agreement to acquire Harvest Hosts Opco LLC from Stripes LLC and other shareholders for approximately $130 million on September 30, 2026 A cash consideration of $130 million will be paid by Choice Hotels…...

1+ week, 5+ day ago   (186+ words) Hotel News Resource Crescent Announces Successful Sale Of The Hotel At Avalon In Brief: Crescent Real Estate LLC has sold The Hotel at Avalon, a 330-room hotel in Alpharetta's Avalon. Image Credit The Hotel At Avalon Crescent Real Estate LLC…...

1+ week, 5+ day ago   (581+ words) The top real estate deal in the past two weeks is the $2,325,000 sale of a 59-unit hotel in Caddo Valley. The former Quality Inn, owned previously by United Hospitality Inc., sold to Sairaj Hotels LLC, registered to Rebekah Reynolds of…...

1+ week, 5+ day ago   (294+ words) hotelbusiness.com Crescent Real Estate LLC has closed on the sale of The Hotel at Avalon, Autograph Collection, a 330-room luxury hotel located within Avalon, a mixed-use destination in Alpharetta, GA. Acquired in September 2020, the hotel represented a high-conviction investment…...

1+ week, 6+ day ago   (236+ words) NEWARK — The Courtyard Newark Silicon Valley hotel in Newark was bought for $12 million, documents filed on Sept. 23 with the Alameda County Recorder’s Office show. San Mateo-based Stay Cal Hospitality, through an affiliate, acquired the hotel and obtained $13.2 million in financing…...

2+ week, 1+ hour ago   (627+ words) In a potential major blow to downtown Charlotte Amalie, creditors to historic Hotel 1829 have threatened foreclosure, claiming the proprietors had not made a mortgage payment in more than a year, according to court records. Celtic Bank Corporation filed foreclosure documents…...

2+ week, 1+ day ago   (351+ words) hotelmanagement.net Cabanas family launches Astound Ventures for hospitality innovation investments Burt Cabañas and Alex Cabañas—long-time family executives with Benchmark Resorts & Hotels—have launched Astound Ventures, an investment fund focused on companies developing products, services and technologies. The father-and-son…...

3+ week, 16+ hour ago   (499+ words) A local investment group led by Mansfield entrepreneur Jay Goyal and hotelier Snehal Patel has completed the purchase of the Quality Inn & Suites at 116 Park Avenue West, launching a $10 million effort to create a boutique hotel. The goal is to…...