Hotel News Resource - Molinaro Koger Hotel Industry News

Firm to Continue to Pursue Eight-Month Lawsuit to Identify Perpetrators of Theft, Break-in

The staff of Molinaro Koger (MK) sadly announced today the passing of the firm's founder Joe Molinaro. Mr. Molinaro died at Memorial Hospital in Easton, Maryland. He was 86.

Starman Hotels, a hotel investment joint venture between affiliates of Lehman Brothers and Starwood Capital Group, has assigned Molinaro Koger to sell the five star Le Méridien hotel on Piccadilly, in central London. The historic Grade II listed 267-room property will be sold subject to a management agreement with Starwood Hotels & Resorts and will continue to operate as a Le Méridien hotel.

Molinaro Koger announced today that the company has arranged the financing for the purchase of the freehold of the Hotel Prince de Galles in Paris, on behalf of the Musallam family.

Molinaro Koger (MK) announced today that the firm's metro-DC headquarters office facilitated the marketing and sale of the Residence Inn Boston Tewksbury/Andover, Massachusetts, on behalf of Lion ES Hotels II, LLC.

Molinaro Koger (MK) announced today they facilitated the marketing and sale of the Hampton Inn & Suites located in Lakeland, Florida, on behalf of Platinum Ridge Florida, LLC.

The 316 all-suite, recently renovated asset was acquired by Annapolis, Maryland-based Thayer Lodging Group for an undisclosed sum.

Molinaro Koger (MK) announced today that the firm arranged the marketing and sale of the Holiday Inn Hotel Cleveland-East, Ohio, on behalf of Ridgehills Hotel L.P.

Molinaro Koger (MK) announced today that Ali Baheri of the firm's metro-DC headquarters office facilitated the marketing and sale of the SunSpree Resort by Holiday Inn, Orlando, Florida, on behalf of Miami-based LNR Property Corporation.

Molinaro Koger (MK) announced today they facilitated the marketing and sale of two former Fairfield Inns on behalf of an undisclosed seller. The two assets included the 130-room Fairfield Inn Buffalo-Williamsville, New York, and the 129-room Fairfield Inn Cleveland-Willoughby, Ohio.