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Interstate Hotels has new owner

Wednesday, May 4, 2016 – INTERSTATE HOTELS & RESORTS, a third-party management company in Arlington, Virginia, has a new owner.   The company announced today that Kohlberg & Company LLC, a private private-equity firm in New York, acquired Interstate from partners Thayer Lodging and Jin Jiang International Hotels.   Kohlberg said the deal not only provides ...

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Higher education for hotel

Company plans property on university land Wednesday, May 4, 2016 – AN ASIAN AMERICAN hotel development company got a preliminary nod in April to build a select-service hotel on land leased from New Mexico State University in Las Cruces. Total Management Systems of Albuquerque plans to construct a four-story 120-room Courtyard by Marriott on a 2.5-acre tract next to the Las Cruces Convention ...

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Midscale growth maneuver

AmericInn, fueled by a record year, aims for greater expansion Wednesday, May 4, 2016 – BHUPEN PATEL STARTED the family business in 1982, when he signed his first franchising license for an economy brand. In 2009, with his son Kalpesh involved in the enterprise, they opened their first AmericInn. Last month, they completed extensive renovations to their fifth AmericInn Hotel & Suites, a ...

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Carlson agrees to sell to Chinese conglomerate

Thursday, April 28, 2016 – A CHINESE COMPANY has agreed to acquire Carlson Hospitality Group Inc., part of the Carlson Rezidor Hotels Group. HNA Tourism Group Co. Ltd. of Hong Kong will acquire the Minnesota-based Carlson and its brands, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson, Country Inns & Suites by Carlson, the Quorvus Collection and Club Carlson, the company’s loyalty ...

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