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Major Hotel Sales Transactions in the Third Quarter

By Daniel H. Lesser

The U.S. economy is expected to grow roughly six percent for the year, however with one quarter to go in 2021, this year has done its best to be as tumultuous and volatile as the last. It feels like we’ve been on this road for a while, with the same kinds of bumps to navigate including COVID, deepening supply chain issues, higher energy prices, a recent cutback in consumer spending, and the scarcity of materials.

Hilton Garden Inn Fort Myers

Hilton Garden Inn Fort Myers has completed a significant renovation of its 126-room hotel located at 12600 University Drive in Fort Myers. As part of the renovation, updates were made across the entire property such as t he hotel lobby and common areas, all 126 guest rooms and suites, The Garden Grille and Bar on-site restaurant, and nearly 3,000 sq.

M3 Launches M3 Expense Management, Powered by SIB, Offering Cost Reductions and Spend Analyses to Customers

M3, the hospitality sector’s #1 cloud-based accounting, financial and data management platform in North America, announced today M3 Expense Management, a cost-reduction and spend-analysis service powered by consulting firm SIB, to help M3 customers further identify cost-saving opportunities at a discounted rate with fast-track prioritization.

Meliá Phuket Mai Khao

Meliá Phuket Mai Khao, a 30-suite and 70-villa resort on eight acres of Phuket's northwestern coastline overlooking the sky-blue Andaman Sea is slated to open in December.

"While elevating women to leadership positions is important across the hospitality industry, it is of even greater significance to Sonesta, given our recent and future growth plans. We have an expanded platform and even more opportunity than ever before to include female leadership who can make a difference within our team during this period of rapid growth."

el PRADO Hotel

In partnership with Ferrado, el PRADO Hotel announces the grand opening of its new Spanish-inspired luxury property in the heart of downtown Palo Alto. The reflagged independent hotel and vibrant destination, formerly known as the Garden Court Hotel, features 62 guestrooms, ample indoor and outdoor meeting spaces, and delicious seasonal food and beverage offerings in inviting new spaces.

Courtyard by Marriott Washington, DC Dupont Circle

Courtyard by Marriott will return to the Dupont Circle neighborhood in Washington, D.C., boasting a meticulous redesign and ready to host guests beginning in November 2021. Centrally located at 1733 N Street NW in a vibrant and historic mixed residential and commercial neighborhood, the anticipated hotel is tucked away among picturesque row houses and parks, but just steps away from Embassy Row, the Cathedral of St.

The Westin Hotel São Paulo

Marriott International, Inc. today announced it has signed a franchise agreement with Hotéis Deville to introduce the first Westin Hotels & Resorts in São Paulo, Brazil. Slated to feature 187-rooms and suites, the property expects to welcome its first guests in the spring of 2024.