The real estate division of Blackstone (NYSE:BX) is reportedly seeking a buyer for the holding company of the discount lodging chain Motel 6. Blackstone acquired the brand in 2012 for $1.9 billion from the French company Accor SA and established G6 Hospitality as its...
Hilton (NYSE: HLT) announced its acquisition of a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. According to a statement issued by Hilton, the “addition...
Hilton (NYSE: HLT) has announced its $210 million acquisition of the Graduate Hotels brand from Adventurous Journeys Capital Partners. Graduate Hotels primarily focuses on markets near major colleges and universities in the U.S. and U.K. This is Hilton’s first brand...
Hilton (NYSE:HLT) has partnered with the Dubai-based real estate developer NABNI Developments to announce plans for Waldorf Astoria Residences Dubai Downtown. The new development will be the first standalone Waldorf Astoria residential address outside of the United...
Parks Hospitality Holdings (PHH), a hospitality developer and hotel owner, has acquired the historic Boston Park Plaza. The 1,060-key property, located in the city’s central Back Bay neighborhood, opened in 1927 as The Statler Hotel. Its ownership changed hands over...
Mortgage Rates Reach 7.40%, Highest Since November 2023
