Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

New Residence Inn to open in Central Islip

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,...

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Two Long Island hotels sold

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....

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