After evaluating other options, Braemar Hotels & Resorts' board of directors determined it was in the best interest of the company and its shareholders to sell.
The company behind the boutique hotel and private club brand will also get an equity infusion from investors led by Ashton Kutcher.
Philadelphia hotels are poised to have a big 2026 with a jam-packed event calendar, and executives hope it can create long-term momentum for the sector.
Noted Collection will be a premium offering, the company announced during its full-year earnings call.
A Triptych Hotel will rise in Midtown Miami.
Press Up and Oakmount's Matt Ryan on the Dean Hotel, Clerys, Bray Town Centre and more.
Miami hotels performed beyond expectations as coronavirus waned.
NYC hotels have performed better than other cities since the pandemic, but industry players say new, higher labor costs will add to already high overheads.
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