Summit Hotel Properties, Inc. (NYSE: INN) announced that on August 9, 2016, it completed the previously announced acquisition of the 157-guestroom Marriott®in Boulder, CO for a gross purchase price of $61.4 million and entered into a management agreement with Stonebridge Realty Advisors, Inc.
Of the 10 Hyatt Place and Hyatt House hotel openings in the second quarter, 40 percent were in the Asia Pacific region, including the first dual-branded Hyatt Place and Hyatt House hotels in Shenzhen, China.
WoodSpring Hotels has partnered with M2B2, LLC to build a new prototype WoodSpring Suites hotel in Wixom, Michigan. The property will be located between Grand River Avenue and Highway 96 near South Wixom Avenue.
Rezidor announces the signing of three new properties in the UAE: the Radisson Blu Hotel, Dubai Waterfront and the Park Inn by Radisson Resort Ras Al Khaimah Marjan Island will already welcome the first guests in Q2-2017. The Radisson Blu Hotel, Dubai Canal View will open its doors in Q1-2018.