Hilton Hotel Owners Spend More Than $131 Million Upgrading 11 Hotels in Central U.S.

Hilton Hotels & Resorts, Hilton Hotels Corporation’s global brand of upscale, full-service hotels, today announced that eleven of its Hilton brand hotels in the central United States are in the process of completing renovations, which combined are valued at more than $131 million. These projects are part of an ongoing initiative by the Hilton brand to upgrade its facilities and guest accommodations in order to exceed guest expectations for... 

InnVest Real Estate Investment Trust announces adjusted monthly distribution

InnVest Real Estate Investment Trust (“InnVest” or the “Trust”)(TSX:INN.UN) announced today that it has declared a distribution of $0.0625 per unit payable on December 15, 2008 to Unitholders of record as at the close of business December 1, 2008. The November distribution represents a one third reduction from monthly distributions of $0.09375 per unit that have been paid since the Trust’s inception in 2002. “InnVest... 

Santa Clarita Named Los Angeles County’s Most Business-Friendly City for 2008 by Los Angeles Economic Development Corporation

The City of Santa Clarita is the most business-friendly city in Los Angeles County, according to the Los Angeles Economic Development Corporation (LAEDC). The award was presented to the City of Santa Clarita at the 13th annual Eddy Awards at The Beverly Hilton hotel in Beverly Hills. The City of Santa Clarita was recognized among a highly competitive group of cities with populations over 50,000, including Pasadena, Cerritos, Glendale, and Long Beach. “We... 

MHI Hospitality Corporation Announces Completion of Crowne Plaza Conversion for Hampton Hotel

MHI Hospitality Corporation (Nasdaq: MDH – News) announced today that the Company has completed the conversion of its Hampton, Virginia hotel to the Crowne Plaza® brand, pursuant to a 10-year franchise agreement through its franchising entity, Holiday Hospitality Franchising, Inc. with InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)]. The Crowne Plaza® Hampton Harborside is the Company’s fourth Crowne Plaza® asset and...