Choice to acquire WoodSpring Suites for $231 million

Choice Hotels International (NYSE: CHH), one of the world’s largest hotel companies, today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments. The acquisition will add nearly 240 extended-stay hotels in 35 states to the Choice Hotels portfolio, creating an extended-stay portfolio of more than 350 properties with existing brands, MainStay Suites® and Suburban Extended Stay®.

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Downtown plan for dual-brand hotel gets the go-ahead from city

A plan to convert a vacant eight-story office building in downtown Minneapolis into a 203-room, dual-branded hotel is moving ahead after getting city approval for the project.

The Star Tribune has an update on the proposal by JR Hospitality and Iowa-based Hawkeye Hotels, which plan to open a Hilton Tru and Home2 Suites hotel at 317 Second Ave. S. The Minneapolis Planning Commission last week signed off on the idea, and the developers plan to close on the property later this month.

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Great Wolf Lodge opens for business in Bloomington

Following a 10-month, $30 million renovation, Great Wolf Lodge has opened to the public with a new adventure park, mini bowling alley and several new restaurants, including a Dunkin’ Donuts.

Chicago-based Great Wolf Resorts Inc. acquired the former Water Park of America near Highway 77 and Interstate 35W in February for $39 million. It then closed the Radisson-flagged hotel and worked quickly to rebrand and renovate the property in order to open before the Super Bowl.

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First look at Homewood Suites opening in historic downtown Milwaukee building

The Hilton Homewood Suites Milwaukee opened Dec. 14 after a more than $22 million restoration of a historic building. See the attached slideshow to get your first look inside downtown Milwaukee’s newest hotel at 400 N. Water St. in the building that in the past hosted Brett Favre’s Steakhouse and Joey Buona’s restaurant.

“Historic renovations are always tedious and take a lot of work, but we could not be happier with the end product,” said S.R. Mills, president of Kenosha-based Bear Development LLC, which undertook the project.

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Carlson Hotels to drop family name; may move its offices

Carlson Hotels Inc. isn’t owned by the Carlson family anymore, and its new leaders say it’s time to start acting like it.

The Star Tribune reports on plans by the company — which controls the Radisson hotel flag and Country Inns & Suites — to change its name to something that drops the well-known family name. It’s also cutting corporate jobs and may move its offices away from Carlson Center in Minnetonka, though it plans to keep its headquarters in the Twin Cities.

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Country Springs Hotel rebranding as The Ingleside Hotel

A prominent Pewaukee hotel is rebranding.

The Country Springs Hotel, which was purchased by Waukesha Hospitality in February, will rebrand itself as The Ingleside Hotel in spring 2018, according to a company news release. Chicago hotel design firm The Getty Group is leading the design and rebrand, which will take place on the heels of an extensive hotel renovation.

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Hotel Metro becoming a Marriott Autograph facility, according to bid

Hotel Metro, a boutique hotel located in the heart of downtown, is reportedly being taken over by Marriott International, according to reports.

A bid listed in The Daily Reporter indicated that Hotel Metro will be converted into a Marriott Autograph hotel, Marriott’s collection of boutique hotels worldwide. Marriott’s Autograph collection helps showcase “some of the most beautifully orchestrated hotel experiences the world has to offer,” according to its website.

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HPT to buy more conservatively, focus on renovations

Hospitality Properties Trust continued an acquisitions-based growth strategy in the third quarter that added 16 hotels to its portfolios—on top of 18 that were added in Q2. But company executives said during an earnings call with investors that going forward, the strategy could change.

“We’re being a little bit more conservative about how we invest, and we’re being careful about who we invest with,” said HPT President and COO John Murray. “We have a lot of renovations that we’re going to be working on during the course of next year, related to the pretty healthy level of acquisitions we made this year.”

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