Spirit MTA to sell trust to Hospitality Properties Trust for $2.4B https://binged.it/2wXsO33 In the first step of its winding down, Spirit MTA REIT (NYSE:SMTA) agrees to sell properties held in its Master Trust 2014 and three assets currently owned by Spirit Realty Capital (NYSE:SRC) for $2.4B in cash to Hospitality Properties Trust (NASDAQ:HPT). HPT plans…

Manji family in talks to buy three Westin hotels in Ottawa, Calgary and Edmonton – The Globe and Mail https://tgam.ca/31AxxWz Manji family in talks to buy three Westin hotels in Ottawa, Calgary and Edmonton  The Globe and Mail The Toronto-based family is looking to bolster its luxury-hotel portfolio, which includes a Hilton in downtown Toronto, Westin…

Minnesota-based AmericInn chain sold for $170 million https://binged.it/2IdgiDf Business AmericInn, the 200-hotel chain that is the flagship brand of Chanhassen, Minn.-based Northcott Hospitality, has been purchased by Wyndham Hotel Group for $170 million. The transaction, which was announced last month, included the hotel’s manageme… Written By: Minneapolis Star Tribune | Aug 18th 2017 – 4pm.…

Six Minnesota North Shore resorts change hands in deal worth millions https://binged.it/2EYvZvF North Shore resorts have become hot commodities. The operator of six boutique properties ranging from updated cabins to stand-alone vacation houses with vistas of Lake Superior is changing hands in a multifaceted deal announced Tuesday. The sale involves the East Bay Suites in…

CPA:18 – Global Acquires Wyndham Stuttgart Airport Messe Hotel for $33.8 Million https://binged.it/2F3SZJM NEW YORK, Jan. 13, 2016 /PRNewswire/ — W. P. Carey Inc., a global net lease REIT specializing in corporate sale-leaseback and build-to-suit financing and the acquisition of single-tenant net lease properties, announced that CPA®:18 – Global, one of its managed non-traded REITs,…

Loews Hotels Buys Loews Ventana Canyon Resort in Tucson https://binged.it/2WyB5Kh Loews Hotels & Resorts has added a familiar property in Tucson to its growing collection. The company just acquired Loews Ventana Canyon Resort, a 398-room lodging destination that has operated under Loews Hotels’ management since the doors first swung open at 7000 N. Resort Dr.…

Choice Hotels Announces Strategic Relationship With AMResorts, One of The Fastest-Growing Luxury Resort Companies https://binged.it/2Kq8rn9 ROCKVILLE, Md., May 16, 2019 /PRNewswire/ — Choice Hotels International, Inc. CHH, -0.51% has entered into a strategic agreement with AMResorts®, an Apple Leisure Group (ALG) related brand known for its portfolio of luxury, all-inclusive resorts across popular destinations throughout Mexico,…

Allied Hotel Properties Inc. Announces It Is Seeking Offers for Toronto Don Valley Hotel and Suites TSX Venture Exchange:AHP https://binged.it/2WBynTm (MENAFN – GlobeNewsWire – Nasdaq) itemprop=”articleBody”>VANCOUVER, British Columbia, June03, 2019(GLOBE NEWSWIRE) — Allied Hotel Properties Inc. (‘Allied’) (TSX-V: AHP) is pleased to announce that it has entered into an exclusive sale listing agreement (the ‘Listing…