Esther Hertzfeld

Ohio

Senior Editor at Hotel Management

Senior Editor at Questex Media Group

Senior Editor at Hotel Management magazine

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Articles

Kabani closes on the $3.75M sale of Travelodge Fort Myers

1 week ago | hotelmanagement.net | Esther Hertzfeld

Kabani Hotel Group has sold the Travelodge Fort Myers Airport in Florida for $3,750,000, reflecting a price per key of $76,530 across its 49 interior corridor rooms. Other terms and conditions were not disclosed. The deal was led by Kian Mclean and Amed Kabani. The sale achieved a revenue multiple of 4.64x.
Hyatt launches Unscripted soft brand

1 week ago | hotelmanagement.net | Esther Hertzfeld

Hyatt Hotels launches Unscripted by Hyatt, the latest brand in its Essentials portfolio. Unscripted by Hyatt hotels will bring to life a flexible, collection-style approach where each property reflects its own identity and local flavor yet remains Hyatt in quality and care. Hyatt said it has more than 40 hotels globally in active discussions to join the brand.
Sage Hospitality partners with CL Hotels

1 week ago | hotelmanagement.net | Esther Hertzfeld

Sage Hospitality Group has partnered with Miami-based CL Hotels, a hotel ownership and investment group with more than 20 years of experience acquiring and managing real estate investments. The partnership brings three lifestyle hotels into the Sage management portfolio: Hotel La Jolla (San Diego), The Coachman Hotel (Lake Tahoe, Calif.) and Circa 39 Hotel (Miami Beach, Fla.).This partnership marks the beginning of a long-term collaboration between the two organizations.
Noble acquires 16 WoodSpring Suites

1 week ago | hotelmanagement.net | Esther Hertzfeld

Noble Investment Group acquired 16 WoodSpring Suites long-term extended stay properties through two portfolio transactions. Other terms and conditions were not disclosed. Noble did not disclose the sellers or the geographic distribution of the 16 hotels. The company described the move as part of its investment in an asset class shaped by demand for flexible and cost-efficient living solutions.
Marcus & Millichap facilitates sale of Wisconsin AmericInn

1 week ago | hotelmanagement.net | Esther Hertzfeld

Marcus & Millichap facilitated the sale of the 42-room AmericInn hotel property in Rice Lake, Wis. Other terms and conditions were not disclosed. “This transaction stood out due to the buyer’s close proximity to the property, which enables a more hands-on ownership style,” Jon Ruzicka, first vice president investments, said in a statement. “That level of involvement is expected to strengthen daily operations and deepen guest relationships.
Juan Corvinos named president of Hotel Equities CALA region

1 week ago | hotelmanagement.net | Esther Hertzfeld

Hotel Equities appoints industry veteran Juan Corvinos as president of the Caribbean & Latin America division. Corvinos will lead teams of hospitality experts based in Mexico, the Dominican Republic and Miami. Corvinos joins Hotel Equities following more than 15 years with Hilton, where he most recently served as senior vice president of development, architecture, Ddesign & construction for Latin America and the Caribbean.
Anna Blue joins RTRX as senior strategic advisor

1 week ago | hotelmanagement.net | Esther Hertzfeld

Anna Blue has joined RTRX as senior strategic advisor. In this role, Blue will help guide the continued evolution of RTRX, providing strategic insight to expand its reach, elevate its impact, and build on its unique role as a platform for leadership, innovation, and wellbeing. RTRX is driven by a unique partnership between Rockbridge, Pelotonia and the Columbus Partnership. One hundred percent of RTRX proceeds support Pelotonia’s cancer research, with more than $7 million invested to date.
JNR Management buys Massachusetts Tapestry Collection by Hilton

1 week ago | hotelmanagement.net | Esther Hertzfeld

New York-based Dune Real Estate Partners sold the 121-room Freepoint Hotel Cambridge, Tapestry Collection by Hilton located in Cambridge, Mass. The hotel was acquired by Jignesh Patel and Robins Patel of Massachusetts-based JNR Management Inc. Berkadia Managing Director Denny Meikleham and Associate Director John Kluh of Berkadia Hotels & Hospitality led the transaction on behalf of the seller.
Vail Resorts names new CEO

1 week ago | hotelmanagement.net | Esther Hertzfeld

Vail Resorts names Rob Katz, current executive chairperson and former chief executive officer, CEO of the company. Katz, age 58, succeeds Kirsten Lynch, who has stepped down as CEO and as a director of the board. Lynch will remain in an advisory role to the company for an interim period to facilitate a smooth transition.
PMZ Realty Capital secures $5.3M loan for Hampton Inn Marysville

1 week ago | hotelmanagement.net | Esther Hertzfeld

PMZ Realty Capital, a national boutique real estate investment banking firm, has secured a $5.3 million loan for the Hampton Inn Marysville, located in Marysville, Ohio. The loan was placed through a debt fund and features interest-only payments for the full five-year term.