News

Investment / February 6, 2015

Blackstone Rides the Hospitality Wave

The largest transaction is a 19-property portfolio of national select-service hotels acquired from OTO Development. Full Story

Investment / April 3, 2014

Blackstone Grabs Select-Service Portfolio

The seller of the portfolio was Spartanburg, S.C. based OTO Development. Full Story

Investment / January 8, 2013

Garden City Hyatt Fetches $31M

Summit purchased the Hyatt from OTO Development, LLC for $31 million in a deal that closed on Dec. 27, 2012. Full Story

Investment / October 6, 2012

Local Hospitality Company Does Well Despite Economic Downturn

Even during good financial times, hotels are considered to be risky ventures. Full Story

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