Blue Diamond Resorts has announced the acquisition of popular Smuggler's Cove Resort & Spa in St Lucia. The resort's prime beachfront location on a secluded cove and full range of all-inclusive services make it a great addition to the chain's resort portfolio, which includes the award winning Royalton, Memories, and Grand Lido brands.
Ashford Hospitality Trust, Inc. (NYSE: AHT) announced yesterday that it has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45% below estimated replacement cost.
The University of Maryland and developer David H. Hillman of Southern Management Corporation yesterday announced that the construction of The Hotel at the University of Maryland has been approved by the state and will break ground in spring 2015.
Developed by the Mission Hills Golf Club and managed by The Ritz-Carlton, the 201 room resort includes 21 private villas and a dedicated club house. The Haikou Mission Hills Golf Club project includes 10 world-class golf courses and will be the largest public golf complex in the world.
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