White Lodging Acquires Sheraton Raleigh Hotel, Shares Planned Renovation and Westin Conversion
White Lodging acquired the 353-room downtown property and plans to convert it from Sheraton to Westin with renovations starting in early 2027.
White Lodging acquired the 353-room downtown property and plans to convert it from Sheraton to Westin with renovations starting in early 2027.
The joint venture targets 10-15 landmark properties, starting with Garden Beach Hotel in Juan-les-Pins and Penha Longa Resort near Lisbon.
NewcrestImage acquired the former NYLO property in August 2025 for a comprehensive transformation featuring 176 rooms, new F&B concepts, and enhanced event spaces.
The 397-room lakeside property brings Highline's portfolio to 18 hotels and $1.5 billion in assets under management.
SC Capital Partners consolidates its Asian hospitality platform with the purchase, creating a 16,000-key portfolio spanning Vietnam, Thailand, Japan, and Indonesia.
Krish Hotel LLC purchased the 110-room property in December 2025 and selected Raines based on existing client referrals.
The REIT acquired six Hilton-branded hotels across Missouri, Illinois, and Kentucky at a 10% cap rate while raising its dividend 11%.
Noble cites Reno's 15 million annual visitors and technology sector growth as key drivers for the riverfront Renaissance property acquisition.
Peregrine Hospitality adds two premium Northern California properties to reach 59 hotels nationwide, targeting high-demand leisure markets near San Francisco Bay.