The deal represents increasingly healthy capital markets for hotels in San Jose, according to one of its brokers.
The Trump Organization asked about changing lease payments for its 263-room D.C. hotel in the federally owned Old Post Office building.
The new hotel will be owned and operated by Legacy.
Hotel room rates in Dallas-Fort Worth plunge more than 75% year-over-year.
Hilton and developer Beny Alagem are named in a lawsuit claiming Waldorf Astoria Beverly Hills engaged in a prolonged episode of corporate espionage.
Marriott revealed a restructuring of the company's leadership and its recent financial performance on its Q1 earnings call Monday.
Yotel is renovating and rebranding the Liaison Capitol Hill to become its 10th U.S. hotel and first in the nation's capital.
The Southern Management-owned hotel in College Park temporarily closed Wednesday and filed a notice Thursday indicating it is laying off 150 people.
Construction begins on 216-room hotel in Pioneer Square
D.C. hotel owners say their revenue is down more than 75% and they are laying off workers and considering closing as the coronavirus halts travel.
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