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The deal represents increasingly healthy capital markets for hotels in San Jose, according to one of its brokers.
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The Trump Organization asked about changing lease payments for its 263-room D.C. hotel in the federally owned Old Post Office building.
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The new hotel will be owned and operated by Legacy.
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Hotel room rates in Dallas-Fort Worth plunge more than 75% year-over-year.
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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.
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Yotel is renovating and rebranding the Liaison Capitol Hill to become its 10th U.S. hotel and first in the nation's capital.
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The Southern Management-owned hotel in College Park temporarily closed Wednesday and filed a notice Thursday indicating it is laying off 150 people.
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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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