Three NewcrestImage executives buy a bank

IN A UNIQUE crossover deal, the chief executives at hotel development and management company NewcrestImage have purchased Dallas-based American Bank. Mehul Patel, Chirag Patel,...

Marriott CEO testifies about data breach

MARRIOTT INTERNATIONAL UNINTENTIONALLY bought trouble when it acquired Starwood Hotels & Resorts Worldwide in September 2016, according to testimony Marriott CEO Arne Sorenson gave...

RLH Corp. launches RLabs

RED LION HOTELS Corp. is cooking something up in the lab. More precisely, the company has opened a new subsidiary, RLabs, Inc., focused on...

Franchising enhances ESA’s 2018 performance

LAST YEAR FINISHED with continued growth for Extended Stay America, and a substantial part of that growth was through the company’s relatively new entrée...

Middletown Management has refinanced three hotels for $35 million

DAYTON, OHIO-BASED Middletown Management has refinanced three of its properties for $35 million through PMZ Realty Capital LLC. Har Bhatnager is president and CEO...

Stonebridge to manage three more Denver, Colorado, properties

STONEBRIDGE COS. OF Denver, Colorado, has expanded its portfolio in its hometown by contracting to manage three new Hyatt Hotels. Together the new properties...

AAHOA, AHLA go after Airbnb

ONLINE STAY-SHARING giant Airbnb is taking fire from two national hotel associations for activities in two states. In Florida, AAHOA has filed a petition...

Report: IHG saw continued growth in 2018

A PRELIMINARY REPORT found 2018 was another good year for InterContinental Hotels Group. The company grew in size and revenue, and its leaders expect...

Hotel Equities to manage 10th Canadian property

ATLANTA-BASED HOTEL Equities took another step deeper into Canada with a contract to manage a planned dual-branded Four Points by Sheraton and Residence Inn...

Hilton launches meetings-friendly brand

WITH A LOBBY designed for welcoming guest arrivals and rooms aimed at the comfort of business travelers, Hilton’s new Signia brand is focused on...