Investment News
Newswire
Melia Hotels sells seven Spain hotels to Starwood   27 Feb, 2015

The assets will be held by a new joint venture company in which a controlled affiliate of Starwood Capital owns 80 percent and Melia 20 percent. The agreement also includes the continued management of the properties by Melia under the Sol Hotels brand.More>>

Newswire
Marriott Ownership Resorts buys San Diego Sheraton   27 Feb, 2015

Marriott acquired the property for $50 million, and plans to convert the property into a timeshare project, which may be structured as a condominium. The seller of the property was NOIRO West, also known as Sheraton Suites San Diego.More>>

Newswire
DoubleTree in Chester, UK, sold to affiliates of MCAP Global Finance   27 Feb, 2015

Following completion of the deal, The DoubleTree by Hilton Hotel and Spa Chester will be operated and managed by newly formed management company Valor Hospitality Europe. The acquisition of the hotel on the outskirts of Chester is the latest strategic investment in the UK leisure sector following...More>>

Newswire
Hotel investment continues amid unsettled global scene   26 Feb, 2015

Newswire By: Bruce Serlen

Doom and gloom scenarios don’t appear to slow up hotel development and transactionsMore>>

Newswire
Europe remains fertile ground for brand growth   26 Feb, 2015

Newswire By: Bruce Serlen

Travel in the region remains resilient even in the face of unpredictability.More>>

Newswire
IHIF delegates content with overall industry direction   26 Feb, 2015

Newswire By: Elliott Mest

Respondents to IHIF survey dish on global markets, the weakened euro and the value of global trade shows.More>>

Newswire
As rules loosen, Asian investment in European hotels surges   26 Feb, 2015

Newswire By: David Eisen

What became apparent in the latter part of 2014 and the beginning of this year in the U.S. is now spreading to Europe. Specifically, the surge of Asian investment in European hotels, which CBRE says will reach some US$22.7 billion in 2015, fuelled by the easing of domestic controls governing...More>>

Newswire
Chatham Lodging Trust completes acquisition of San Diego Residence Inn   26 Feb, 2015

REIT Chatham Lodging Trust has completed the previously announced acquisition of the 240-room Residence Inn San Diego Downtown-Gaslamp Quarter for $90 million, or approximately $375,000 per room. The hotel opened in 2009 and is within walking distance to the Petco Park and the Westfield Horton...More>>

Newswire
DiamondRock picks up Shorebreak in Calif., for $58.5M   26 Feb, 2015

DiamondRock Hospitality Company has recently acquired the Shorebreak Hotel in Huntington Beach, Calif., for a purchase price of $58.5 million. The purchase price represents a 12.8 multiple on 2015 forecasted Hotel earnings before interest, taxes, depreciation and amortization (EBITDA).More>>

Newswire
Carlson Rezidor opens two new properties in Saudi Arabia   25 Feb, 2015

Carlson Rezidor is continuing to expand in Saudi Arabia, opening two more properties this week: the new-build 150-room Radisson Blu Resort Jizan and the 90-room conversion Park Inn by Radisson Hotel Dammam.More>>

Newswire
Why hotel real estate is king in Europe   25 Feb, 2015

Newswire By: David Eisen

Last year was jolly good for hotel real estate as an asset group in Europe. Hotel real estate was the standout performer in Europe's property market in 2014, with transaction volumes growing faster than other asset classes, such as office, industrial or retail space.More>>

Newswire
Atlantic City's Revel reaches new deal for $82M   25 Feb, 2015

The shuttered Revel Casino Hotel in Atlantic City, N.J., appears to have a buyer, again, and, again, it's Florida developer Glenn Straub, who was cajoled back in, Reuters reports, by a discounted price of $82 million.More>>

Newswire
Abu Dhabi’s Jannah Hotels expands global footprint   25 Feb, 2015

Jannah Hotels and Resorts, an Abu Dhabi-based hotel operator and developer, is expanding globally and planning to open six hotel apartment buildings under its luxury and mid-scale brands, Jannah and Jannah Place respectively, in Dubai by early 2018. More>>

Newswire
First Marriott hotel opens in Haiti amid fanfare   25 Feb, 2015

Haiti got a boost this week as a brand new Marriott in the heart of the capital opened. The 175-room hotel opened with former U.S. President Bill Clinton on hand, as well as Haitian President Michel Martelly. The $45-million project is a collaboration between Marriott International and Digicel, a...More>>

Newswire
Manchester predicts "room boom" for 2015   25 Feb, 2015

IHG has announced two new hotels for Manchester, England—only the latest in a building boom that is poised to add close to 1,500 rooms to the city's inventory over the next 30 months alone. Upcoming properties include the Hotel Gotham, Motel One Piccadilly, Hotel Football, Innside by Melia, King...More>>

Newswire
Two hotel sales in Florida show similar market strength   24 Feb, 2015

Newswire By: David Eisen

Two separate hotel sales in Florida, in two separate parts of the state, show that the Sunshine State is strong for hotel transactions and valuations. Here's what deals went down. More>>

Newswire
RLJ Lodging continues capital recycling program   24 Feb, 2015

RLJ Lodging Trust has announced it has sold a total of 24 hotels for approximately $240 million. The sale price represents approximately a 7.9-percent capitalization rate on the hotels' 2014 net operating income, including planned capital expenditures.More>>

Newswire
Noble Investment acquires Courtyard in Chapel Hill, N.C.   24 Feb, 2015

Noble Investment Group has acquired the Courtyard by Marriott Chapel Hill. The hotel is adjacent to the University of North Carolina at Chapel Hill and UNC Health Care. The property will reportedly undergo a number of enhancements throughout the hotel.More>>

Newswire
Ground breaks on Hyatt House in Portland, Ore.   24 Feb, 2015

Portland, Ore., has a new hotel underway. Construction has begun on a 203-room Hyatt House that will be located a block from the Willamette River. Williams/Dame & Associates is the lead developer on the six-story, 161,000 square-foot hotel, which will have 1,400 square feet of conference space.More>>

Newswire
Demand, pricing power to aid U.S. lodging industry   23 Feb, 2015

Newswire By: Warren Marr

Last year was one of the strongest in recent memory for the lodging industry, with occupancy reaching levels not seen since 1984. During the year, U.S. hotels surprised with solid demand growth, despite a stuttering start to economic growth.More>>

Newswire
ITC to purchase Park Hyatt Hotel in Goa   23 Feb, 2015

ITC won the bid to acquire a Park Hyatt Hotel property in Goa, India. The hotel is owned by Blue Coast Hotels, and had been put up for public auction by IFCI.More>>

Newswire
Des Moines reviews plan for new convention center hotel   23 Feb, 2015

If built as planned, the project would rely on more than $60 million in public money: $39.4 million from a new state program, $14.2 million from the city, $6 million from the county and $1 million from a state environmental cleanup grant. The project would be funded by TIF grants from the city,...More>>

Newswire
Miami Beach Edition sold for $230M   20 Feb, 2015

The Miami Beach property is one of three Edition properties being sold to the Abu Dhabi Investment Authority. The first was the London Edition sold in January 2014 and Marriott expects to sell the third Edition hotel, New York Edition, in the first quarter of 2015.More>>

Newswire
HFF raises $680M for Four Seasons Boston   20 Feb, 2015

HFF worked on behalf of Carpenter & Company to secure the $500 million construction loan through The Children's Investment Fund Management. Citi Private Bank raised $180 million in joint venture equity for the project. The HFF debt and equity placement team representing the borrower was led by...More>>

Newswire
New Orleans World Trade Center considers five potential hotel developers   20 Feb, 2015

Five hotels are being proposed for the space, including a Hilton, Four Seasons, and more. A selection committee appointed by Mayor Mitch Landrieu will meet March 23 to name a winner.More>>

Newswire
Lightstone, Wanda Group ups hotel investments by the billions   20 Feb, 2015

Newswire By: Elliott Mest

By some accounts, the hotel industry is in need of additional supply to absorb growing demand, and investors are stepping up their activity in response. One such investor, The Lightstone Group, is committing $2 billion to developing and investing in lodging properties. More>>

Newswire
GuestHouse International opens in Albuquerque, N.M.   20 Feb, 2015

The hotel is managed by WR Management. The property offers its guests access to the Albuquerque International Sunport Airport (ABQ), and has a complimentary shuttle service to and from the airport. It is also located near the University of New Mexico, shopping and Old Town Albuquerque. More>>

Newswire
Laundry sustainability: Leaving it to the guest   20 Feb, 2015

Newswire By: Elliott Mest

In part two in our series on laundry sustainability, hoteliers talk about ways to leave sustainable choices in the hands of travelers without compromising the quality of their stay.More>>

Newswire
LVCVA to purchase Riviera Casino for $182M as part of Business District expansion   20 Feb, 2015

Under the agreement, the LVCVA will purchase the site for a total of $182.5 million. Funds for the acquisition will be drawn from the LVCVA's bank credit facility with JPMorgan. The LVCVA will issue long-term bonds to retire the bank credit within the next two years.More>>

Newswire
Hilton completes purchase of San Francisco's Parc 55 Wyndham   19 Feb, 2015

Hilton Worldwide has announced has closed on its acquisition of Parc 55 Wyndham San Francisco - Union Square. The property, which will be renamed Parc 55 San Francisco, a Hilton Hotel, adds 1,024 guest rooms, 54 suites and more than 30,000 square feet of meeting and function space to Hilton’s...More>>



© 2015 Questex Media Group LLC. All rights reserved.
Reproduction in whole or part is prohibited.

Hotel Management ha+d The International Hotel Investment Forum Russia + CIS Central Asia +Turkey HOTEC North America Hotel & Tourism Investment Conference North Asia Investment Conference Asia Pacific Tourism Destination Conference