August 6th – 9th , 2015, Denver, CO at The Hotel Monaco
Your complete design, construction and facility operations information source for major commercial construction.
American Hotel Income Properties aims to widen its portfolio with five railway lodgings. A $44.8 million acquisition plan has been confirmed and submitted concerning properties in Nebraska, New Mexico, South Dakota and Wyoming. Once the deal is complete, TR Lodging Enterprises Inc. will manage the hotels. Read the SNL Financial story here
New York-based private equity firm Sycamore Partners will acquire 127-year-old family-owned regional department store chain Belk for $3 billion, the companies said Monday. Under the deal, Belk’s headquarters will remain in Charlotte, N.C., and Tim Belk will keep his CEO title. Belk is the first department store acquisition for Sycamore. Read The Charlotte Observer story here
A decade after Hurricane Katrina, the hotel industry in New Orleans has rebuilt and in many ways is better than it was before the storm. Read the HotelNewsNow.com story here
American Realty Capital Hospitality Trust has arranged a $450 million loan facility with Deutsche Bank toward the acquisition of three hotel portfolios. ARC’s 44-property deal will cost $739.8 million and increase its holdings to 166 hotels. Read the PR Newswire release here