Hilton Garden Inn

Ault Alliance’s Subsidiary, Ault Global Real Estate Equities, Unveils Four Newly Renovated Hotels with Grand Re-Openings

Retrieved on: 
Thursday, April 27, 2023

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), announced that its wholly owned subsidiary Ault Global Real Estate Equities, Inc. (“AGREE”), had a grand re-opening of its four newly renovated hotel properties, the Hilton Garden Inn Madison West, Residence Inn Madison West, Courtyard Madison West, and Hilton Garden Inn Rockford.

Key Points: 
  • Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), announced that its wholly owned subsidiary Ault Global Real Estate Equities, Inc. (“AGREE”), had a grand re-opening of its four newly renovated hotel properties, the Hilton Garden Inn Madison West, Residence Inn Madison West, Courtyard Madison West, and Hilton Garden Inn Rockford.
  • The hotels will celebrate with ribbon cutting ceremonies, and private tours, which can be booked during property visits.
  • Significant upgrades have been implemented across all four properties, with new fitness equipment set to be installed in the coming months.
  • Chris Wu, CEO of AGREE, stated, “We are thrilled to introduce these four beautifully renovated hotels, offering guests an exceptional hospitality experience.

Chartwell Hospitality Receives the 2022 New Build Award from Hilton

Retrieved on: 
Friday, April 21, 2023

Chartwell Hospitality today announced they are the recipient of the 2022 New Build Award for the Conrad Brand for the Conrad Nashville from Hilton.

Key Points: 
  • Chartwell Hospitality today announced they are the recipient of the 2022 New Build Award for the Conrad Brand for the Conrad Nashville from Hilton.
  • “We are proud to have been awarded the 2022 New Build Award from Hilton for the Conrad Nashville,” said Will Schaedle, Executive Vice President of Chartwell Hospitality.
  • “The Conrad Hotel helped transform Midtown into one of the most active development areas in Nashville.
  • Chartwell Hospitality has previously been awarded New Build of the Year awards for its other Tennessee Hilton properties: Hilton Garden Inn in Nashville (2017), Hilton Franklin-Cool Springs (2018) and Hilton Nashville-Green Hills (2019).

LRE & Companies Reveals 10-Acre Mixed-Use Development Project in Rocklin, CA

Retrieved on: 
Thursday, April 13, 2023

With retail and hospitality components, University Square is the developer's first project in the city but second in Placer County.

Key Points: 
  • With retail and hospitality components, University Square is the developer's first project in the city but second in Placer County.
  • "This part of Rocklin is seeing tremendous growth," said Victor Chiang, VP of development at LRE & Companies.
  • The project is less than seven miles from another one of LRE & Companies' commercial development projects.
  • Announced in November 2022, Roseville Junction, a new mixed-use development project in Roseville, CA, will have two select-service hotels, three restaurants, an outdoor gathering space, and an entertainment and sports complex once completed.

Sugarmade Executes Binding LOI to Create Dynamic New PubCo Targeting Hospitality, Entertainment, and Multimedia Production Markets

Retrieved on: 
Thursday, February 23, 2023

NEW YORK, Feb. 23, 2023 /PRNewswire/ -- Sugarmade, Inc. (OTC Pink: SGMD) ("Sugarmade," "SGMD" or the "Company"), a product and branding marketing company investing in operations and technologies with disruptive potential, is pleased to announce it has entered into a Binding Letter of Intent (the "LOI"), dated February 21, 2023, to acquire the real estate assets and businesses of Treasure Mountain Holdings, LLC ("Treasure Mountain"), and Victorville Treasure Holdings, LLC ("Victorville Treasure").

Key Points: 
  • $70 million in real estate holdings and the launch of a new state-of-the-art multimedia flex space brand, TheMediaBox.
  • Several potential structures and scenarios for the Proposed Transactions have been identified by both parties.
  • Real estate assets included in the LOI are the Hilton Garden Inn Palm Springs/Rancho Mirage and the Holiday Inn Victorville.
  • Any transaction would be subject to board and equity holder approval of both companies, regulatory approvals, and other customary conditions.

Franklin BSP Realty Trust, Inc. Announces Closing of $120 Million Loan on a Limited-Service Hotel Portfolio

Retrieved on: 
Wednesday, February 15, 2023

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $120 million loan facilitating the refinancing of a portfolio of 12 limited-service hotels located in California (7), Connecticut (3) and New Jersey (2).

Key Points: 
  • Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $120 million loan facilitating the refinancing of a portfolio of 12 limited-service hotels located in California (7), Connecticut (3) and New Jersey (2).
  • The portfolio totals 1,313 hotel rooms spread across six different hotel chains, including Residence Inn and Hilton Garden Inn.
  • Driftwood Capital (“Driftwood”), a specialty hospitality capital provider, provided a co-terminus mezzanine loan for $20 million at closing, for a combined loan of $140 million.
  • The Borrower was represented by JLL and represents the sixth transaction where FBRT and Driftwood have provided a senior/mezzanine loan structure together.

Taylor Hospitality Promotes CJ Smith to Operations Manager

Retrieved on: 
Tuesday, December 20, 2022

Morgantown, West Virginia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- CJ Smith, Front Desk Manager at Hilton Garden Inn Morgantown, has been promoted to Operations Manager by Taylor Hospitality.

Key Points: 
  • Morgantown, West Virginia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- CJ Smith, Front Desk Manager at Hilton Garden Inn Morgantown, has been promoted to Operations Manager by Taylor Hospitality.
  • Taylor Hospitality began managing the property in July 2022
    Smith began his career with Hilton in February of 2022 as a Guest Service Agent.
  • Upon Smith’s promotion, he will oversee operations for the Food and Beverage, Housekeeping, and Front Desk departments.
  • “I am grateful for the opportunity to be the Operations Manager at the Garden Inn and very pleased to be working with Taylor Hospitality,” stated CJ.

AmpUp Announces Record 2022, Increased Demand For 2023

Retrieved on: 
Tuesday, December 20, 2022

"AmpUp's passion for first class customer experience continues to drive major partnerships and soaring product demand."

Key Points: 
  • "AmpUp's passion for first class customer experience continues to drive major partnerships and soaring product demand."
  • Additionally, AmpUp vastly increased approvals on corporate, utility, and government vendor lists so customers can take advantage of incentive funding for their EV charger project.
  • "The demand for electric vehicles could not be higher following the manufacturing commitments and consumer demand we saw in 2022," added Sun.
  • AmpUp is the leading electric vehicle (EV) charging operating system that enables drivers, hosts, and fleets to charge stress-free.

BitNile Holdings Reports Third Quarter 2022 Financial Results, Including Revenue of $100 Million for the Nine Months Ended September 30, 2022, up 124% from the Prior Year’s Nine-Month Period

Retrieved on: 
Tuesday, November 22, 2022

TurnOnGreen revenues for the three months ended September 30, 2022 of $1.7 million increased $0.6 million, or 52%, from $1.1 million for the three months ended September 30, 2021, due to increased sales to defense customers.

Key Points: 
  • TurnOnGreen revenues for the three months ended September 30, 2022 of $1.7 million increased $0.6 million, or 52%, from $1.1 million for the three months ended September 30, 2021, due to increased sales to defense customers.
  • Revenues from BNIs cryptocurrency mining operations were $3.9 million for the three months ended September 30, 2022, compared to $0.3 million for three months ended September 30, 2021.
  • AGREE revenues were $5.5 million for the three months ended September 30, 2022, compared to $0 for the three months ended September 30, 2021.
  • Gross margins were 42.4% for the three months ended September 30, 2022, compared to 117.1% for the three months ended September 30, 2021.

Olympia Hotel Management to Operate a New Hotel on the Campus of the University of Maine

Retrieved on: 
Thursday, November 3, 2022

PORTLAND, Maine, Nov. 3, 2022 /PRNewswire-PRWeb/ -- Olympia Hotel Management (OHM) has announced that it has been selected to operate a new hotel on the campus of the University of Maine (UMaine) in Orono. The groundbreaking ceremony was held on October 1, 2022, and the hotel is expected to be completed in early 2024.

Key Points: 
  • Olympia Hotel Management has been selected to operate a new hotel on the campus of the University of Maine (UMaine) in Orono that is expected to be completed in early 2024.
  • PORTLAND, Maine, Nov. 3, 2022 /PRNewswire-PRWeb/ -- Olympia Hotel Management (OHM) has announced that it has been selected to operate a new hotel on the campus of the University of Maine (UMaine) in Orono.
  • Two historic University buildings, Coburn Hall and Holmes Hall are being converted to create the new campus hotel.
  • Olympia's portfolio also includes Kent State University Hotel & Conference Center and the Best Western University Hotel for St. Lawrence University.

Chartwell Residential Constructs Dual-Branded Hotel in West End

Retrieved on: 
Monday, October 3, 2022

The newest addition to their Nashville hotel portfolio is a 172-room dual-branded Hilton Garden Inn and Home2 Suites hotel in the Parke West mixed-use development in Nashvilles West End neighborhood.

Key Points: 
  • The newest addition to their Nashville hotel portfolio is a 172-room dual-branded Hilton Garden Inn and Home2 Suites hotel in the Parke West mixed-use development in Nashvilles West End neighborhood.
  • We think these two hotels, and the overall Parke West development, will be a great new asset for the West End neighborhood, said Will Schaedle, Executive Vice President of Chartwell Hospitality.
  • The Hilton Garden Inn and Home2 Suites West End will provide both leisure and business travelers with new upscale lodging options.
  • All properties in the Parke West development will utilize an underground, 452-space parking garage that Chartwell Hospitality co-developed with GBT Realty.