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Expansions & Renovations

Vesta Hospitality Completes Renovation of Three Hotels

Vancouver, Washington. - July 24, 2017 – Vesta Hospitality has completed multi-million dollar renovations and upgrades at three of the properties in its growing portfolio. Rick Takach, Chairman and CEO of Vesta, made the announcement.

The three hotels are:

  • 153-room Country Inn & Suites: Portland, OR - New case goods and soft goods; new RFID door locks; completely updated bathrooms with new flooring, wall treatment, tub surrounds, vanity cabinets and counter and new lighting; new 50” LED televisions.

  • 104-room Homewood Suites by Hilton - Vancouver/Portland - New case goods and soft goods; completely updated bathrooms with new flooring, wall treatment, tub surrounds, vanity cabinets and counter and new lighting; new kitchen cabinets and appliances.

  • 165-room Casa De Palmas Renaissance in McAllen, TX - New case goods and soft goods; new wall finishes and backlit bathroom mirrors; new 50” LED televisions.

Vesta will now invest in renovations for three additional properties in its portfolio.

They include:

  • A conversion of the Staybridge Suites in Portland, Oregon to a Homewood Suites by Hilton

  • Renovations and upgrades at the Best Western Agate Beach Inn (near Newport, Oregon)

  • Renovation and upgrades at its newly acquired Embassy Suites in Brunswick, Georgia

These projects will begin this November, with completion expected by May 2018.

About Vesta Hospitality

Founded in 1996 and headquartered in Vancouver, WA, Vesta Hospitality is one of the nation's leading privately owned hotel management and development firms. With a portfolio of 13 properties across the United States, Vesta continues to seek out acquisition, investment and property management opportunities across North America.

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.