Investment News
Newswire
Gemini Real Estate Advisors acquires two hotels to be rebranded under the Jade Hotel portfolio   15 Apr, 2014

The hotels, which will be designed to align with the boutique lifestyle brand, are located in Manhattan's Seaport district and Florida's Miami Beach. These developments will become the third and fourth Jade properties, following the successful Jade Greenwich Village and under construction Jade...More>>

Newswire
Denihan Hospitality to split into two business units, announces management changes   15 Apr, 2014

The decision to restructure was made after months of planning that considered growth and customer strategy, brand positioning and financial performance. Denihan Investments, led by Denihan as CEO, will make financial investments in hotels with other partners and secure new management contracts for...More>>

Newswire
NGKF Hotels sells two New England Best Western properties   15 Apr, 2014

The 92-suite Best Western Plus Roundhouse Suites was purchased by Dev Hospitality; and, the Best Western Plus Black Rock, a 60-room hotel at 100 Kings Highway Cutoff in Fairfield, Conn, was purchased by Black Rock Acquisition. Bhavesh "B.J." Patel, Rick Besse, Jonathan Kule and Garrett Stoffels...More>>

Newswire
Wheelock to buy Singapore developer Hotel Properties   15 Apr, 2014

Newswire By: Elliott Mest

The Wall Street Journal reported that the bid was led by Hotel Properties managing director Ong Beng Seng and Wheelock Properties (Singapore) as the latest in a series of acquisitions this year by large shareholders seeking full control of Singapore-based property firms.More>>

Newswire
Market trends, fundamentals, still in hoteliers favor   14 Apr, 2014

The going is still good for those vested and invested in the hotel industry. Such was the tone at a recent seminar hosted in Manhattan.More>>

Newswire
Virgin Limited Edition adding to its portfolio   14 Apr, 2014

Virgin Limited Edition, Sir Richard Branson’s luxury collection, has reached a preliminary agreement to purchase the Mont Rochelle Hotel and Mountain Vineyard in South Africa. A purchase price was not disclosed.More>>

Newswire
Airport hotel near Dublin, Ireland, up for sale   14 Apr, 2014

The Metro Hotel and 30 adjoining apartments at Santry Cross in Ballymun, an area on Dublin's Northside close to Dublin Airport, has gone on sale with a list price of around $7.6 million. More>>

Newswire
To buy or to sell? Ask a hotel broker   11 Apr, 2014

Newswire By: Stephanie Ricca

Brokers can be an excellent guide for understanding future trends and possibilities in a changing hotel industry.More>>

Newswire
On The Block   11 Apr, 2014

Newswire By: HM Editorial Staff

Here are some updates about the latest sales and purchases in the hotel industry.More>>

Newswire
Hotel transaction pace set to increase in 2014   11 Apr, 2014

Newswire By: Stacey Higgins

Hotel investment professionals are predicting a robust year ahead for hotel lending and transactions in the coming year, backed by increase in flow of capital.More>>

Newswire
Value Place COO talks company developments   11 Apr, 2014

Newswire By: David Eisen

Value Place’s president and COO discusses the latest updates and developments from the company.More>>

Newswire
Six Homewood Suites properties to open in Canada in 1H 2014   11 Apr, 2014

Two properties have opened so far, one in Hamilton, Ontario, and one in Winnipeg, Manitoba. Four more are scheduled to open in the second quarter. The new hotels will bring the number of Homewood Suites properties in Canada to 16. More>>

Newswire
Meliá Hotels plans U.S. expansion   11 Apr, 2014

Meliá currently has three hotels in the U.S.: in Orlando and Atlanta and its midprice Tryp brand in New York. Construction soon will begin on a new property in Midtown Manhattan: a 313-room hotel under its upscale lifestyle Innside brand, with anticipated completion by the end of 2016.More>>

Newswire
Waldorf Astoria Beverly Hills to open in 2017   11 Apr, 2014

Plans for the 170-room Waldorf Astoria Beverly Hills show the hotel will be clad in curving white stone with bronze accents. The hotel will be adjacent to the Beverly Hilton and will cost more than $200 million to build. The building was conceived by architecture firm Gensler and interior designer...More>>

Newswire
Accor to manage Nakheel's Dragon Mart hotel    11 Apr, 2014

Dubai-based master developer Nakheel has signed a management agreement with Accor for its 250-room hotel at Dragon Mart in Dubai. The hotel, one of nine planned by Nakheel over the next five years, will be managed by Accor under the ibis Styles brand.More>>

Newswire
WestCap Investments agrees to purchase Maryland Red Roof   11 Apr, 2014

WestCap Investments Corp., a capital pool company, has acquire the Red Roof Inn in Linthicum Heights, Md., for $8.5 million. The three-story property has 132 rooms, was built in 1986 and renovated in 2013. More>>

Newswire
Notorious New York hotel could sell for upwards of $170M   10 Apr, 2014

Newswire By: David Eisen

It has the dubious distinction of being known as New York's dirtiest hotel, but that still won't prevent it selling for a high price. More>>

Newswire
Minneapolis-area Embassy Suites sells for $24M   10 Apr, 2014

The 218-room Embassy Suites Hotel Bloomington in Minnesota has sold for $24 million. The buyer is listed as Bloomington Hotel Owner SPE, which acquired it from FelCor Lodging Trust. More>>

Newswire
Waramaug purchases Milwaukee Comfort Suites   10 Apr, 2014

Private investment group Waramaug LS Hotels has acquired the 120-room Comfort Suites Park Place in Milwaukee. This is Waramaug's fifth acquisition in the last six months.More>>

Newswire
PMZ Realty secures $18M for Doubletree project in Fresno, Calif.   10 Apr, 2014

PMZ Realty Capital has secured a loan for more than $18 million in financing for the soon-to-be-open DoubleTree by Hilton Fresno, Calif. The property will be unflagged as it undergoes a renovation for a period of up to 12 months.More>>

Newswire
Interval adds Karisma properties to portfolio   10 Apr, 2014

The long-term, multisite affiliation agreement is for Generations Resorts, the newest brand operated by Karisma. Generations encompasses Generations Maroma and Generations Riviera Maya, two upscale beachfront developments in the Mexican Caribbean.More>>

Newswire
Third Manhattan Dream Hotel slated for Parsons site   9 Apr, 2014

Soho Properties, MHP Real Estate Services and Hampshire Hotels Management are bringing a Dream Hotel to the current location of Parsons The New School of Design. The hotel, to be at 560 Seventh Avenue at West 40th Street, will be Hampshire’s third Dream Hotel in Manhattan,More>>

Newswire
Starwood completes sale of Aloft Tucson University   9 Apr, 2014

Starwood Hotels & Resorts Worldwide has completed the sale of Aloft Tucson University in Arizona to Lightstone Value Plus Real Estate Investment Trust II for $19 million. The hotel will remain an Aloft under a long-term license agreement. It will be managed by Island Hospitality Management. More>>

Newswire
Dev Hospitality buys Best Western in Boston   9 Apr, 2014

Dev Hospitality has purchased the Best Western Plus Roundhouse Suites in Boston from WNW Hospitality Group, a hotel owner and operator based in Great Neck, N.Y. The purchase price was not disclosed. More>>

Newswire
Alfardan Hospitality and Kempinski to open Qatar hotel   9 Apr, 2014

Alfardan Hospitality and Kempinski Hotels are partneting to bring a luxury hotel to Qatar: The Marsa Malaz Kempinski - The Pearl, Doha. The hotel is set to open sometime in the fourth quarter. More>>

Newswire
Best Western to open property in Sulawesi, Indonesia   8 Apr, 2014

Located in the island's main international gateway city and commercial capital, Makassar, the Best Western Plus Makassar Beach has 162 rooms, including nine suites. All rooms come equipped with 32-inch LED TVs, tea and coffee making facilities, alarm clocks and complimentary Wi-Fi.More>>

Newswire
Secom to sell the Windsor Hotel Toya Resort & Spa in Hokkaido to Meiji Shipping   8 Apr, 2014

The Windsor Hotel Toya Resort & Spa is scheduled to be transferred in late June for an undisclosed price to the maritime company, which manages two resort hotels and a golf course in Hokkaido. The hotel, standing on a 2,275-acre lot, has 386 guestrooms and a golf course, and sits beside Lake Toya....More>>

Newswire
New Mexico's La Castaneda Hotel changes hands   8 Apr, 2014

New owner Allan Affeldt and his wife Mion helped preservationists save La Posada, also a Harvey House property, through negotiations with the Santa Fe Railway. Affeldt is also attempting to breathe life back into the Harvey House hotels in Winslow, Ariz. The two hotels are sister buildings on the...More>>

Newswire
Chow Tai Fook purchases the Marriott London Grosvenor Square Hotel   7 Apr, 2014

The deal works out to $877,000 for each room, making it the second-most expensive hotel deal in London this year in terms of price per room. New York-listed Strategic Hotels & Resorts announced it had sold the hotel to an affiliate of Hong Kong-based private equity firm Joint Treasure International.More>>

Newswire
Ayala Land to invest $133M to develop ecotourism estate in the Philippines   7 Apr, 2014

The first phase of the project consists of 61 acres hectares, which shall include a township development called Lio Beach Village, including bed and breakfasts, resorts, shops and dining establishments amid civic spaces. Ten Knots Development Corp., a subsidiary of Ayala Land, will develop the...More>>



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