Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
A new Residence Inn by Marriot will open for business Saturday in Central Islip.
The 125-suite hotel, which is franchisee-owned and managed by Livingston, N.J.-based The Briad Group, is located adjacent to the federal and state courthouses at 7 Court House Dr. The lodging hopes to attract corporate and social travelers as well as those on business at the courthouses, said Kerrianne Zeiner,...Read more »
Two Long Island mid-price hotels have switched hands as part of a package deal between Hersha Hospitality Trust and an affiliate of Blackstone Real Estate Advisors.
Philadelphia-based Hersha, a real estate investment trust, said Tuesday it had sold a portfolio of 16 hotels -- including the Hampton Inn in Farmingville and the Holiday Inn Express in Hauppauge -- to Blackstone for $217 million....Read more »