IHG to debut InterContinental brand in Albania
The new property is 15 minutes’ drive from Tirana International Airport.
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Deal News
Pebblebrook purchases Gurney’s Newport Resort & Marina in Rhode Island
The company also has the right to buy the resort’s 22-slip full-service marina in 2027.
Paceline acquires full-service Delta Hotel Virginia Beach Bayfront Suites
The newly acquired all-suite property features 295 rooms and 12,000ft² of meeting space.
Summit Hotel Properties closes purchase of 264-room Brickell Hotels
Robert Finvarb Companies will continue to hold 10% equity interest in Brickell Hotels.
Choice Hotels to buy Radisson Hotel Group Americas for nearly $675m
The deal is expected to close in the second half of this year.
LionGrove acquires Wyndham Grand resort in Puerto Rico
The resort will continue to be a part of Wyndham Hotels & Resorts and its current brand.
Mohr Capital buys DoubleTree by Hilton Austin hotel in Texas, US
The company is planning to invest $11m to upgrade the hotel.
Summit closes sale of Hilton Garden Inn San Francisco Airport North
The company acquired the 169-room hotel in October 2019 for approximately $58.0m.