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ATLANTA—The lodging industry in the United States will achieve 65% occupancy and will see demand for accommodations increase nearly 26% since the depth of the recession in 2009, according to a report authored by Atlanta-based PKF Hospitality Research.
NEW YORK CITY—Bethesda, MD-based DiamondRock Hospitality Co. has acquired the fee-simple condominium interest in the 282-room Hilton Garden Inn/Times Square Central hotel here for a purchase price of $127.2 million.
ATLANTIC CITY, NJ—The New Jersey Division of Gaming Enforcement issued a closing notice to Trump Plaza allowing the casino hotel to shut down operations at 6 a.m. on Sept. 16.
WASHINGTON, DC—After recently completing the successful repositioning of the Wonder Bread Factory in Shaw, Douglas Development is planning to move forward with renovations at the historic Manhattan Laundry site here.
ATLANTA—A joint venture between Los Angeles-based Lowe Enterprises Investors and TriBridge Residential have acquired the 202-unit City View Apartments property here.