Banyan Investment Group continues string of hotel acquisitions

BANYAN INVESTMENT GROUP has acquired another hotel, its ninth as part of its recently launched BIG Hotels fund. This time the company bought the...

Hotel developer transforms corner of Kansas City suburb

ASIAN AMERICAN HOTELIER Dilip Patel in September celebrated the opening of his Fairfield Inn & Suites in Shawnee, Kansas, a growing suburb of Kansas...

NewcrestImage breaks ground on new headquarters

IT WILL BE moving day soon enough for Dallas-based NewcrestImage, which along with an ongoing nationwide expansion has now broken ground on its new...

Atma Hotel Group acquires two more hotels in Chapel Hill, N.C.

ATMA HOTEL GROUP, led by founder and CEO Manish Atma, has acquired a Courtyard by Marriott and the Sheraton Europa in the hotel ownership...

Vision Hospitality to manage Denver area Hyatt House

VISION HOSPITALITY GROUP, led by President and CEO Mitch Patel, will manage a new Hyatt House hotel in Aurora, Colorado, that is one of...

PeachState Hospitality refinances hotels with $19 million loans

PEACHSTATE HOSPITALITY HAS refinanced two of its Georgia hotels with $19 million in loans to use the equity on the properties for other development...

NewcrestImage breaks ground on AC Hotel in Phoenix

NEWCRESTIMAGE HAS BROKEN ground on a 199-room, 13-floor AC Hotel by Marriott in Phoenix. The upscale hotel, scheduled to open in 2021, will be...

Lawsuits accuse hotels of allowing human trafficking

IN LATE AUGUST, a set of lawsuits were filed against four hotels in Atlanta that alleged the owners and employees at the properties knowingly...

Banyan Investment acquires Peoria, Illinois, Fairfield Inn & Suites

ATLANTA-BASED BANYAN Investment Group has acquired the 89-room Fairfield Inn & Suites by Marriott Peoria East in Peoria, Illinois. It is the most recent...

Dual-branded project underway in Tennessee

Desai Hotel Group continues to develop a dual-branded hotel in a Memphis suburb, weathering a setback when the project’s construction company filed for bankruptcy. Sunny...