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March 3, 2014
09:03 EDTHOTStarwood Hotels announces Aloft brand to debut in New Orleans in 2015
Starwood Hotels & Resorts Worldwide announced that its Aloft brand will debut in New Orleans in 2015, following the completion of an adaptive re-use project. The building, located at 225 Baronne Street, will be transformed into an Aloft Hotel in the city’s central business district. Owned by 225 Baronne Complex, an entity of HRI Properties, and managed by HRI Lodging, Aloft New Orleans Downtown will feature 188, loft-like rooms.
News For HOT From The Last 14 Days
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September 30, 2015
09:08 EDTHOTWyndham appoints Chip Ohlsson as Chief Development Officer
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08:34 EDTHOTStratus Properties completes purchase of Block 21 JV
Stratus Properties (STRS) announced that on September 28, 2015, Stratus completed its previously announced acquisition of Canyon-Johnson Urban Fund II, L.P.'s approximate 58% joint venture interest in CJUF II Stratus Block 21 LLC, which owns a 36-story mixed-use development in downtown Austin, Texas, anchored by the W Austin Hotel & Residences (HOT), for approximately $62M. Stratus funded its acquisition of Canyon-Johnson's interest in Block 21 with approximately $32.3M of proceeds from its non-recourse term loan with Bank of America (BAC), a $20M term loan under Stratus' credit facility with Comerica Bank (CMA), and approximately $9.7M in cash. The Sale and Purchase Agreement contains customary representations and warranties, and the parties have agreed to indemnify each other in connection with the breach of such representations and warranties. Block 21 is now a wholly-owned subsidiary of Stratus. As of September 28, 2015, in addition to its real estate assets, Block 21 had cash and cash equivalents of approximately $22.8M.
September 28, 2015
08:17 EDTHOTStarwood says W brand to debut in Serbia in 2019
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September 25, 2015
05:22 EDTHOTQunar announces partnership with Starwood
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September 23, 2015
08:48 EDTHOTStarwood makes debut in Montana
Starwood Hotels & Resorts announced the debut of its eco-wise Element brand in Bozeman with the opening of Element Bozeman, marking the first Starwood hotel in the state of Montana. Owned by a group of Bozeman investors, the newly constructed Element hotel offers a stylish and sustainable new option for travelers with 104 light-filled rooms and an atmosphere designed to fuel a life in balance while on the road.

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