Investment News
Newswire
Hall of Fame: Cooperstown Country Inn sells for $4M   30 Jul, 2014

MBA Hotel Brokers closed on the sale of the Country Inn & Suites in Cooperstown, N.Y., home of baseball's Hall of Fame. MBA represented the seller, Northern Lights Land Company. The hotel was purchased by HUM Hospitality who plans to continue to operate as a Country Inn & Suites. The final sale...More>>

Newswire
Lodging Dynamics continues buying push   30 Jul, 2014

Lodging Dynamics Hospitality Group has announced another acquisition through the company's affiliated equity fund, LD Hotel Group I, which is raising $60,000,000 to fund future acquisitions. The fund purchased its second hotel, a 90-room Holiday Inn and Suites in Overland Park, Kansas. More>>

Newswire
AmericInn opens two Midwest hotels   30 Jul, 2014

AmericInn has opened two newly constructed mid-scale hotels in Wisconsin and Minnesota. Nationwide, AmericInn is in the midst of a $75-million renovation initiative, which was launched in 2011 and is expected to be completed at the end of 2014.More>>

Newswire
Laurus Corp. buys Marriott in Woodland Hills, Calif.   29 Jul, 2014

Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired the Marriott Warner Center hotel in Woodland Hills, Calif., for an undisclosed amount. Plans call for a $10-million renovation of public areas and guestrooms.More>>

Newswire
Noble Investment scoops up Miami SpringHill   29 Jul, 2014

Noble Investment Group has acquired the SpringHill Suites by Marriott Miami Airport South. The property, which recently completed a comprehensive renovation, will be the second Miami hotel in Noble's portfolio. More>>

Newswire
Sydney's Hotel Bondi goes on sale   29 Jul, 2014

One of Sydney's most famous hotels, the Hotel Bondi, is on the market. JLL was tapped by the seller to handle the sale. The 37-room property last went through a renovation in 2013 at a cost of $6 million. It's located in the middle of Campbell Parade overlooking Bondi Beach.More>>

Newswire
Starwood Capital continues European push   28 Jul, 2014

Newswire By: David Eisen

Starwood Capital has been busy in Europe—snatching up hotels and selling others. The latest buy is also the biggest deal for a hotel to go down in Edinburgh, Scotland since 2007. More>>

Newswire
Value Place in Little Rock sells for $4 million   28 Jul, 2014

A 121-room Value Place hotel in West Little Rock, Ark., has been sold for $4.08 million, reports Arkansas Business. Value Place Little Rock AR West bought the Value Place Hotel at 21 Remington Drive from VP Partners 2 LLC. More>>

Newswire
This week's hotel sales—and what's for sale   25 Jul, 2014

Newswire By: David Eisen

The end of the week brought some big hotel transactions and some interesting listings. Here's a recap of the week that was, and what the future holds. More>>

Newswire
Q2: Pebblebrook raises outlook on higher rates and occupancy   25 Jul, 2014

Bethesda-based Pebblebrook Hotel Trust had a heady second quarter, reporting high occupanies and even higher room rates. Pebblebrook had second-quarter net income of $16.6 million compared to $8.7 million. Funds from operations rose to 56 cents per share, from 43 cents.More>>

Newswire
Indian billionaire makes play for London's Grosvenor House   24 Jul, 2014

Indian billionaire Cyrus Poonawalla has reportedly offered £550 million, or around $935 million, to acquire London's Grosvenor House hotel from Indian conglomerate Sahara Group, whose embattled chairman currently is in jail for alleged contempt of court.More>>

Newswire
Langham on the prowl for Australia hotels   24 Jul, 2014

Hong Kong-based Langham Hotels will reportedly more than triple its size to 100 hotels within the next five years, with an Australian resort on the Queensland coast and a property in Perth in its sights, according to new company chief Bob Warman. More>>

Newswire
Cobblestone breaks ground on 11th Nebraska hotel   24 Jul, 2014

Cobblestone Hotels along with the City of Cambridge, Neb., celebrated the ground breaking of the future Cobblestone Inn and Suites there. Cobblestone Hotels currently has six hotels in the building and development stages in Nebraska and thirteen hotels under construction in the U.S.More>>

Newswire
First look: Trump gets going on $200M D.C. hotel   23 Jul, 2014

Newswire By: David Eisen

The 270-room hotel, which breaks ground today, is a conversion of the Old Post Office Pavilion on Pennsylvania Avenue. Trump won approval last June to redevelop the site into a hotel, which is slated to open in 2016.More>>

Newswire
Hunter marketing historic Baltimore building as hotel   23 Jul, 2014

Hunter Hotel Advisors is representing Rialto Capital in the sale of the Historic Union Trust Building in Baltimore. The 12-story building has a long tenure in Baltimore’s history and has undergone a partial conversion from office building to 100-room hotel. More>>

Newswire
Garrison Investment buys NOLA hotel for $10.75M   23 Jul, 2014

New York real estate investment firm Garrison Investment Group has made its first acquisition in the New Orleans market with the purchase the 129-room O'Keefe Plaza Hotel for $10.75 million. More>>

Newswire
Kempinski takes over management of Kigali's Hôtel Des Milles Collines   23 Jul, 2014

Kempinski Hotels officially took over the management of the historic Hôtel Des Milles Collines in Rwanda’s capital city of Kigali at the beginning of the month. The renamed Hôtel Des Milles Collines by Kempinski will be the European hotel company’s ninth hotel operating on the continent, with...More>>

Newswire
Today's top hotel transactions   22 Jul, 2014

Newswire By: David Eisen

Hotels in the U.S continue to trade at a high rate with prospective buyers continuing to look for positions within an industry that is benefitting from high demand and low supply growth, which is underpinning propitious market fundamentals. Here's a look at the most recent hotel transactions.More>>

Newswire
UAE investor to develop $120M hotel in Antigua   22 Jul, 2014

A UAE investor and member of the Ruling Family of Sharjah has inked a deal with the government of Antigua to develop a luxury resort on the Caribbean island of Antigua. Sheikh Tariq bin Faisal Al Qassimi, who is also chairman of developer Enshaa, signed a MOA with Prime Minister Gaston Browne for...More>>

Newswire
Cobblestone opens 10th hotel in Nebraska   22 Jul, 2014

The 15th Boarders Inn and Suites by Cobblestone has officially opened in Broken Bow, Neb., after a conversion. The 34-room hotel includes whirlpool suites, with amenities such as microwaves and refrigerators, coffee service, free Internet, and flat-panel TVs in each room. More>>

Newswire
Hotel named after Bob Dylan opens in Woodstock   21 Jul, 2014

A hotel complete with a Volkswagon Van in the driveway and Bob Dylan's name on the door has opened in Woodstock, N.Y. The Hotel Dylan is the brainchild of Paul Covello, who converted a defunct restaurant just southwest of the famed town where Dylan and The Band recorded and not far from where the...More>>

Newswire
Denver billionaire closes on Dublin Westin   21 Jul, 2014

Irish eyes are smiling on Denver billionaire John Malone, who has completed a reported €65 million deal (roughly $88 million) for Dublin, Ireland's Westin Hotel. The property is the latest addition to Malone’s Irish portfolio, which also includes the Trinity City Hotel and the Hilton Dublin.More>>

Newswire
Wyndham prototypes cut down on size and costs   18 Jul, 2014

Newswire By: Elliott Mest

Wyndham’s new prototype focuses on reducing size and costs to increase rooms on properties.More>>

Newswire
Brookfield deal makes for nimbler Thayer   18 Jul, 2014

Newswire By: David Eisen

Annapolis, Md.-based private equity group will continue targeting full-service hotels with the ability to double income within four years.More>>

Newswire
Interstate acquires Rim Hospitality and its nearly 70 management contracts   18 Jul, 2014

Newswire By: David Eisen

Interstate Hotels & Resorts, one of the largest global hotel management companies, has acquired the management agreements of Rim Hospitality, which accounts for nearly 70 hotels and more than 10,600 rooms.More>>

Newswire
Pebblebrook checks back into Portland with Nines buy   18 Jul, 2014

Pebblebrook Hotel Trust has acquired the 331-room Nines Hotel in Portland, Ore., for $127 million, or roughly $384,000 per key. The hotel is located across from Pioneer Square, in the heart of downtown. It will remain associated with Starwood’s Luxury Collection and operated by Sage Hospitality. More>>

Newswire
Old Lake Tahoe hotel to become a Hard Rock    18 Jul, 2014

An older Lake Tahoe, Nev., hotel will soon be converted to a Hard Rock Hotel after a $60-million renovation of the former Horizon Casino Resort. Officials for Las Vegas-based Warner Hospitality and the Tahoe-based Park family that owns the property say Hard Rock Hotel & Casino Lake Tahoe will...More>>

Newswire
La Quinta’s prototype maximizes revenue-generating space   18 Jul, 2014

Newswire By: Stephanie Ricca

La Quinta’s new Del Sol prototype maximizes revenue-generating space while being asset light.More>>

Newswire
A look at the ins and outs of the investor-lender rapport   18 Jul, 2014

Newswire By: Adam Giere

Understanding the characteristic peculiarities of an investor-lender relationshipMore>>

Newswire
Fed-backed group drops plan to buy hotel to house illegal immigrants   17 Jul, 2014

A deal to buy a hotel in Texas explicitly to house hundreds of illegal immigrant children has been scuttled after taxpayer uproar. BCFS, previously known as Baptist Child and Family Services, had a deal to buy the Palm Aire Hotel in Weslaco, Texas, for $3.8 million. More>>



© 2014 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