icensing of new midscale brand signals significant growth opportunity for IHG in Canada
Chatham Lodging Trust (NYSE: CLDT) today announced that it has acquired the 219-suite Embassy Suites by Hilton in Springfield, Virginia for $68 million, or approximately $310,000 per suite.
Hospitality Ventures Management Group (HVMG) today announced it has completed the sale of the 146-suite Embassy Suites located in downtown Winston-Salem, N.C. HVMG will retain management of the property.
A 300-room Crowne Plaza will be owned by M/s Mall Hotel Ltd, a subsidiary of JHV and will accommodate guests filtering in through the business traffic at Mall Road. The 180-room Holiday Inn will be owned by M/s HLA Hotels Ltd, a subsidiary of JHV and is located well to serve the Buddhist Circuit and will offer excellent connectivity to the airport.