RLJ Lodging says it purchased the 194-room hotel with proceeds from its recent equity offering. The company expects that the hotel will benefit from its strong location and the relative scarcity of Hyatt-branded hotels in midtown Atlanta.
NetSuite (N) has bought Venda, a London-based e-commerce provider, for undisclosed terms. NetSuite, which is a cloud-based financial software company, said the deal will support its expansion into the European market.
Travelzoo (TZOO) reported mixed second-quarter earnings. The Internet travel company made an adjusted profit of 30 cents a share, a penny above Wall Street’s estimate. But revenue fell 11% from a year ago to nearly $37 million, missing the forecast.
Travelzoo says in North America, its revenues declined due to lower local and search revenues, as previously announced. In Europe, revenues and operating income increased.