The plan is to keep the hotel open and stabilize the asset.
CGI Merchant Group, a Miami-based hotel investor with backing from Alex Rodriguez, is reportedly in advanced talks to buy the Trump International Hotel in D.C.
Hospitality Investors Trust has run out of cash, and the nontraded REIT is throwing in the towel and handing over control to Brookfield in bankruptcy.
NewcrestImage CEO Mehul Patel has been through it all, but 2020 was probably the hotel operator's most challenging year yet.
Pimco is buying the W Washington D.C. Hotel with plans to remove the Marriott International luxury brand and run it as an independent hotel.
In the Philly suburb of Bala Cynwyd, a Residence Inn by Marriott unlike any other has risen from the bones of a former ironworks.
Hotel development is beginning to pick up in select areas.
The Armature Works development team reached a deal with Hilton to bring a Curio Collection hotel to the project's 203-room hotel.
The hotel will be an infill property on the site of the Union Square office development near Union Station.
NewcrestImage invests in another historic DFW property; sells Phoenix hotel.
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