Combined company would result in the third-largest pure-play publicly traded lodging REIT by enterprise value
Vail Resorts, Inc. (NYSE: MTN) today announced that on Feb. 17, 2017, it entered an agreement to acquire Stowe Mountain Resort from Mt. Mansfield Company, Inc. (MMC), a wholly owned subsidiary of American International Group, Inc. (AIG), for a purchase price of $50 million, subject to certain adjustments.
Turnberry Associates today unveiled further plans for the new JW Marriott opening in downtown Nashville next year. Featuring a distinctive elliptical shape conceptualized by award-winning architecture firm, Arquitectonica, the impressive, 33-story property is poised to become one of the city's most iconic buildings.
Hilton (NYSE: HLT), Greystar Real Estate Partners, Concord Hospitality Enterprises Company and Whitman Peterson announced last week development plans for Canopy by Hilton Atlanta Midtown. The projec has broken ground and is scheduled to open in summer 2018.