Milwaukee-based Dev Properties LLC has purchased the Holiday Inn & Suites hotel near General Mitchell International Airport in Milwaukee for $7.4 million. Built in 2000, the 130-room hotel as been owned since 2014 by CREFII Waramaug Milwaukee Airport LLC of Boca Raton, Fla.
Kawa Capital Management of Florida has acquired four hotels in Goodyear, Ariz., in a $20 million sale-leaseback transaction with Byrd Hotel Group. The properties are a Hampton Inn & Suites, a Holiday Inn & Suites, a Red Lion Inn & Suites and a Residence Inn, totaling 378 rooms.
The surging short-term rental market reflects a traditional lodging option for vacationers, albeit with several new twists. Among them are the increase in business travelers working improvisationally in the gig economy, and streamlined bookings through technology.
The entrance to the spa at Morocco's La Mamounia hotel is a popular spot for guests to take an Instagram snap shot. "In keeping with the surroundings, this isn't a hugely modern, high-spec spa, but it is an aesthetic triumph," Rachel Cranshaw writes.
The Soneva Kiri resort in Thailand is an example of a property that Soneva's Arnfinn Oines says has become "100% self-sufficient," including the creation of its own water reservoir. Hilton conserves water at its larger properties through reclamation.
Japanese startup Wa-Qoo is partnering with Booking.com and Rakuten to book stays at Japan's temples. A recent law change in Japan is helping open up the country's temples as a lodging option.