Innkeepers USA Wraps Up Acquisition AP via Yahoo! Finance
Hotel real estate investment trust Innkeepers USA Trust said Tuesday it completed the purchase of the Sheraton Rockville in Maryland from hotel and leisure company Starwood Hotels and Resorts Worldwide Inc. for $23.3 million.
Innkeepers USA Wraps Up Acquisition KiplingerForecasts.com
(AP) PALM BEACH, Fla. Hotel real estate investment trust Innkeepers USA Trust said Tuesday it completed the purchase of the Sheraton Rockville in Maryland from hotel and leisure company Starwood Hotels and Resorts Worldwide Inc. for $23.3 million.
Florida-based REIT buys Rockville hotel for $23.3M BizJournals
Innkeepers USA Trust is adding to its Washington-area portfolio with the $23.3 million purchase of a Sheraton hotel at the King Farm community in Montgomery County.
Innkeepers USA Completes Acquisition of Sheraton in Rockville, Md. from Starwood PR Newswire via Yahoo! Finance
Innkeepers USA Trust , a hotel real estate investment trust and a leading owner of upscale properties throughout the United States, today announced that it has completed the acquisition of the 155-room Sheraton Rockville in Maryland from Starwood Hotels & Resorts Worldwide, Inc. for $23.3 million, or $150,000 per key, in a deal negotiated directly with Starwood.
Leland and Mary Pillsbury announce plans to donate $15 million to the Cornell Hotel School Hospitality Net
New York, N.Y. -- Leland “Lee” Pillsbury and his wife, Mary, have announced plans to donate $15 million to the Cornell University School of Hotel Administration in what will be the largest single gift ever made to the school and one of the largest ever in hospitality education. The gift will be used to support the Institute for Hospitality Entrepreneurship, providing students with the skills and
Best Rate Travel, Inc. Announces New Hotel Division with $30 Million Asset from Binding Agreement to Build $150 Million Business Wire via Yahoo! Finance
BOCA RATON, Fla.----Best Rate Travel, Inc. today announced the launch of a new hotel division and operating subsidiary, Best Rate Hotels, Inc. The new hotel division makes its debut by signing a binding agreement with REIT One, Inc. to build a $150 Million, 268 room resort in prestigious Virginia Beach.
Hotel Labor & Employment Lawyer Report – Sutter Health Implications Part II | By Jim Butler, Hotel Lawyer Hospitality Net
Yesterday, I discussed the record jury verdict against Unite Here in the Sutter Health case where a Superior Court jury in rural Placer County California found Unite Here guilty of “fraud, malice or oppression.” The jury hit the union with a $17.3 million verdict for intentionally and maliciously acting to harm the business of the Sutter Health not-for-profit hospitals and birthing clinics. As
Caesars gives Rickles a big thumbs up USA Today
Veteran comic Don Rickles today becomes the first star inducted into Caesars Palace's Walk of Fame as part of The Comedy Festival in Las Vegas this week. Heperforms tonight, but was able to spare a few moments to chat with USA TODAY.
Innkeepers USA wraps up acquisition Sharewatch
The deal was funded with loans under the company\'s unsecured line of credit. The 155-room hotel will use the Sheraton name under a long-term franchise agreement.
Marriott Chicago Midway Airport’s Electrifying Renovation Wins “full-service Hotel Conversion Of The Year” Award Hospitality Net
CHICAGO, IL | The Marriott Chicago Midway Airport’s management company, White Lodging Services, was recently honored with Marriott International’s North America “Full-Service Hotel Conversion of the Year” award for the electrifying property renovations, completed in February 2006. A former Holiday Inn Select, the 200-room hotel has exceeded all expectations with newly-designed guestrooms that

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