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The plan is to keep the hotel open and stabilize the asset.
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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.
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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.
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NewcrestImage CEO Mehul Patel has been through it all, but 2020 was probably the hotel operator's most challenging year yet.
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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.
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In the Philly suburb of Bala Cynwyd, a Residence Inn by Marriott unlike any other has risen from the bones of a former ironworks.
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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.
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The hotel will be an infill property on the site of the Union Square office development near Union Station.
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NewcrestImage invests in another historic DFW property; sells Phoenix hotel.
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