Investment News
Newswire
Big-ticket deals on the rise   20 Aug, 2014

Newswire By: Stacey Higgins

Peak hotel pricing shows strong marketMore>>

Newswire
Hotel Openings   20 Aug, 2014

A look at some of the new hotel openings in the U.S.More>>

Newswire
With ABF buy, Vantage grows leaps and bounds   20 Aug, 2014

Newswire By: David Eisen

Vantage Hospitality Group increases breadth, scale after acquiring America’s Best Franchising brands for an undisclosed amountMore>>

Newswire
What’s behind the condo-hotel’s stirring comeback   20 Aug, 2014

Newswire By: Bruce Serlen

Discussing the reasons why Condo-hotels are making a comebackMore>>

Newswire
Bank of Cyprus sells Romanian Marriott for $126 million   20 Aug, 2014

The hotel will be sold for $126 million, subject to adjustments to be made upon completion of the agreement, expected by the end of September and no later than the end of October 2014. The sale is part of BoC's strategy of focusing on core businesses and markets and disposing operations that are...More>>

Newswire
Toronto's Sheraton Centre Hotel to begin $90M renovation in November   20 Aug, 2014

The update will begin in November and will take about one year to complete. The hotel will be open during the renovation, and floors will be closed off in stages as workers overhaul 180 to 250 rooms at a time. Public corridors and hallways will also get new floor and wall finishes. Earlier this...More>>

Newswire
Goldman Sachs and Goldentree to buy 144 U.K. hotels leased to Travelodge   20 Aug, 2014

The hotels are owned by Lloyds Banking Group (LLOY), Prestbury Investment Holdings, West Coast Capital and Aldersgate Investments, and are located in London and southeast England. The deal is valued at approximately $830 million. A group of creditors comprising Goldman Sachs, Avenue Capital and...More>>

Newswire
Miami heat: How the city's hotel transactions landscape is faring   20 Aug, 2014

Newswire By: Elliott Mest

The Miami Beach Loews hotel received a $175-million refinancing loan from Deutsche Bank, the b2 hotel property was sold for $57.5 million to HHR Eat Downtown Miami and the city gets ready to welcome 2,500 new hotel rooms in 2015.More>>

Newswire
Good times: Selling price per room soars in first half '14   20 Aug, 2014

Newswire By: J.P. Ford

The average selling price per room year-over-year (YOY) catapulted 28 percent in the first half of 2014 More>>

Newswire
IFC invests $21 million in India's SAMHI Hotels   19 Aug, 2014

The International Finance Corporation, an arm of the World Bank, is scheduled to invest $21 million in India’s SAMHI Hotels with the intent to create jobs and promote energy efficiency infrastructure.More>>

Newswire
Kimpton to convert Chicago Loop building into hotel   19 Aug, 2014

Kimpton Hotels & Restaurants has purchased The New York Life Building in Chicago’s Central Loop neighborhood with plans to convert into into a 281-room hotel. The 14-story building, which was originally constructed in 1894, was acquired through the company’s proprietary KHP III fund for an...More>>

Newswire
Louisville funds for Omni Hotel project might get extension   19 Aug, 2014

Louisville officials are reportedly considering a measure that would delay the expiration of city funds associated an Omni Hotel project through the end of the year. Louisville Business First reports that the funds for the $261-million development are set to expire on September 1. More>>

Newswire
Franchising sees a resurgence in interest   19 Aug, 2014

Newswire By: Bruce Serlen

Hotel Companies at NYU International Hospitality Industry Investment Conference discuss how franchising has seen a resurgence in interest.More>>

Newswire
Mixed-use projects hold promise for the future   19 Aug, 2014

Newswire By: Bruce Serlen

Hotel component playing a major role in mixed-use projectsMore>>

Newswire
Dorchester Collection owner emerges as leading bidder for Sahara's hotels   18 Aug, 2014

The Sultan of Brunei has reportedly offered $2 billion to acquire three hotels currently owned by the Sahara Group and embattled head Subrata Roy. The three hotels are New York’s Plaza Hotel, London’s Grosvenor House and the Dream Hotel in lower Manhattan.More>>

Newswire
Kennedy Wilson buys Fairmont Hotel, St Andrews   18 Aug, 2014

Kennedy Wilson Europe Real Estate has entered into an agreement to acquire the Fairmont Hotel, St Andrews, Scotland from SABD Holding (UK) Limited for a reported £32.4 million (around $54 million), or about £155,000 ($259,000) per key. The all-cash acquisition is expected to close this month.More>>

Newswire
Africa's Sun International makes big divestments   18 Aug, 2014

Sun International has entered into an agreement with Minor International (MINT) to dispose of a portion of its African assets, CNBC Africa reports. The collective net purchase consideration amounts to 664 million rand, or around $63 million. More>>

Newswire
Off-shore buyer acquires Charlotte airport Country Inn & Suites   15 Aug, 2014

The Ehmer Group, a San Francisco-based member of Hotel Brokers International, brokered the sale of the Country Inn & Suites Charlotte I-85 Airport in North Carolina. The 119-room hotel had reportedly been on and off the market multiple times since 2008. A $1.5-million PIP is forthcoming.More>>

Newswire
Local Jamaican owner outbids nine for former Wyndham hotel   15 Aug, 2014

Local hotelier Kevin Hendrickson is the new owner of the former Wyndham hotel in Kingston, Jamaica, having reportedly outbid nine others during an auction of the property by international marketing firm Colliers, according to Jamaica's The Gleaner. The acquisition will is the fifth property for...More>>

Newswire
Inland American spinning off lodging business   14 Aug, 2014

Newswire By: David Eisen

Inland American Real Estate Trust, a nontraded real estate investment trust, plans to spin off its lodging subsidiary into a publicly traded company called Xenia Hotels & Resorts Inc., which will own 46 hotels in 19 states and D.C., and a majority stake in two properties under development. More>>

Newswire
DoubleTree to open Ahmedabad hotel   13 Aug, 2014

Hilton Worldwide is laying out expansion plans in India with the signing of a management agreement with Hirise Hospitality Private Limited for DoubleTree by Hilton Ahmedabad. More>>

Newswire
Hamptons hotel popular with celebrities up for sale   13 Aug, 2014

The Capri Hotel in Southampton, N.Y., popular with such celebrities as Robert De Niro and Howard Stern, is reportedly on the market for $5.2 million. A group headed by Steven Kamali has put the hotel, which includes a BLT Steakhouse, up for sale, reports The Daily News. More>>

Newswire
UK hotel M&A explodes in first half of year   12 Aug, 2014

Newswire By: David Eisen

There's little doubt: the UK is a hot hotel market, and will continue to be. That's according to new figures from Deloitte, which show that hotel transaction activity across the UK saw a 65-percent rise in the first half of this year compared with the last six months in 2013, totaling around £1.5...More>>

Newswire
Trump could make substantial Indian investments on back of new PM   12 Aug, 2014

A Reuters report says that Donald Trump is planning "substantial investments" in India's property and hotel sectors, betting on Prime Minister Narendra Modi-led new government's efforts to revive the economic growth and boost infrastructure.More>>

Newswire
Ireland's Kilternan Hotel sold at 96-percent discount   12 Aug, 2014

Quite a good deal for UK's Comer Group, which reportedly acquired the partially built Kilternan Hotel & Country Club in south Dublin for a staggering 96 percent less than its orgiginal value. The new owners are believed to have paid about €7 million for the complex, which Irish Nationwide spent...More>>

Newswire
Liverpool Novotel changes hands in a deal worth $22M    11 Aug, 2014

The Novotel Liverpool Centre has been sold to Brussels-based investor Algonquin by business services provider Chantrey Vellacott for around $22 million. Administrators from Chantrey Vellacott took over running the hotel from former owner the Pedersen Group last October after appointment by the...More>>

Newswire
Guam may soften tax rules to entice investment   11 Aug, 2014

In a bid to attract more hotel development, Guam is looking to change the qualifying certificate program, which grants tax breaks to investors to invest on the island. Guam Economic Development Authority Business Development and Marketing Manager Tina Garcia said the authority's board is reviewing...More>>

Newswire
China's Wanda Group acquires tony parcel of Beverly Hills   11 Aug, 2014

Wanda Group has won the bid for a plot of land located at 9900 Wilshire Boulevard in Beverly Hills and the company said it plans to invest $1.2 billion to construct a mixed-use development. Wanda reportedly bested more than 10 bidders from Asia and North America for the project.More>>

Newswire
Thayer buys Dallas Palomar, rebrands it, to join Hilton's Curio   8 Aug, 2014

The Hotel Palomar in Dallas has new ownership and a new name. The 198-room hotel has been acquired by Thayer Lodging Trust for an unspecified amount, and been renamed The Highland Dallas Hotel. It will be affiliated with Hilton, and reportedly will be part of its new Curio collection.More>>

Newswire
Big-tickets deals on the rise   7 Aug, 2014

Newswire By: Stacey Higgins

Peak hotel price tags show a healthy real estate market moving forward. In fact, the U.S. hotel industry broke deal records in late 2013 with several deals exceeding $1 million in price per room. More>>



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