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Real Estate Investing, US Real Estate

DiamondRock Hospitality Closes on Premium Hotels

By Phil Butler | July 17, 2012
DiamondRock Hospitality Company ( DRH) announced yesterday their completed acquisition of four hotels from affiliates of Blackstone Real Estate Partners VI. The reported purchase price was $495 million, which paid for Hilton Boston Downtown, the Westin Washington D.C. City Center, the Hilton Burlington, and the Westin San Diego. According to the news, Goldman, Sachs & Co. and BofA Merrill Lynch advised on the deal.
Featured News, US Real Estate

California Hotels: A Market In Discomfort

By Mike Wheatley | February 8, 2012
The hospitality sector is a market many overlook as an overall indicator economy wise. By way of illustration, the rise in hotel foreclosures in California last year mirrored the state's overall situation. According to this report from the LA Times, hoteliers across the state went out of business at a rate that was 66% greater than the year before. Think how many jobs this cost, how many homes and livelihoods were tied to those hotels.
Commercial Real Estate, US Real Estate

Hersha Hospitality Partners with Clean the World

By Tavis J. Hampton | March 1, 2011
Hersha Hospitality, a property management company that operates nearly 80 of the leading market hotels in the US, has partnered with Clean the World and pledged to donate 1 million bars of recycled soap and 500,000 bottles of recycled shampoo, gels, and lotions to children and families in need across the globe.
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