Investment News
Newswire
PE firm Lone Star to create $1.6 bln UK hotel group   6 Jul, 2015

Dallas-based private equity group, Lone Star, is forming a £1-billion (around $1.6 billion) company called Amaris through the acquisition of 89 UK hotels. It subsequently will look to float the company on the stock market. More>>

Newswire
Leela heir strikes out on her own, launches Indian hotel chain Aiana   6 Jul, 2015

Amruda Nair, the scion of Leela Palaces, Hotels and Resorts, is launching a new venture called Aiana Hotels & Resorts, which is currently scouting for properties in South India as it plans to launch a hotel chain in the country by early next year.More>>

Newswire
Here's why Sydney is the capital for Asia-Pacific hotel investment   2 Jul, 2015

Newswire By: David Eisen

Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels. As JLL points out, in just the past 22 months, there were more than $1.5 billion in hotel sales. The extraordinary level of transaction volume has been driven by a number of...More>>

Newswire
Singapore-based REIT acquires Element hotel in Manhattan   2 Jul, 2015

Singapore's Ascott Residence Trust is buying in New York. The REIT is reportedly set to acquire the 411-room Element New York Times Square West hotel for $163.5 million. It would mark the group's first U.S. acquisition. The hotel will continue to be operated under the Element brand through a...More>>

Newswire
Bev company Diageo sells Scotland's Gleneagles   2 Jul, 2015

Scotland’s Gleneagles hotel, which has hosted the Ryder Cup and the G8 summit, has been sold by beverage giant Diageo to UK-based private investment group Ennismore, which owns two Hoxton-branded hotels in London and another in Amsterdam. It is also developing sites for new Hoxton hotels in Paris...More>>

Newswire
Colombian billionaire pays €190M for Madrid's Hotel Villa Magna   2 Jul, 2015

The sale is reportedly one of the largest in recent memory for Madrid, and has put the city's hotel prices on par with those in New York and London.More>>

Newswire
TRU Hotels purchases Northern Ireland's Lough Erne Resort   2 Jul, 2015

A U.S. investment group led by Vine Avenue Advisors, LLC, and TRU Hotels and Resorts has completed the purchase of the Lough Erne Resort. More>>

Newswire
Turkey entices foreign investment amid uncertain economy   2 Jul, 2015

Newswire By: David Eisen

Turkey is feeling strain from an enervating economy and taking regulatory measures to help shore it up. On Wednesday, the World Bank cut its growth forecasts for Turkey as uncertainty over who will govern exacerbated the country's economic weaknesses and vulnerability to global liquidity...More>>

Newswire
New Swissôtel to open in Jinan, China in 2020   1 Jul, 2015

Part of a larger mixed-use development featuring residential, retail and office buildings, Swissôtel Jinan will feature 248 guestrooms, five dining outlets and approximately 31,000 square feet of event and banquet space. Swissôtel Hotels & Resorts and Nanjing Jin Gao Real Estate Development Co.,...More>>

Newswire
CG Hotels & Resorts expands portfolio in India   1 Jul, 2015

Newswire By: Elaine Yetzer Simon

CG plans to expand its hospitality portfolio to about 5,000 rooms in India in the next five years. The group, which recently acquired a majority stake in Indian hotel company Concept Hospitality, operates 1,592 rooms across 27 properties under its Fern branded hotels in the country. More>>

Newswire
Unicorn takes over management of Thailand resort   1 Jul, 2015

Unicorn Hospitality has penned an agreement to manage the Maekok River Village Resort in Chiang Mai. The deal for the 36-room eco-lodge supports part of the company's strategy to focus of small and medium-sized boutique properties in Thailand.More>>

Newswire
Five challenges (and some benefits) of doing business in Cuba    1 Jul, 2015

Newswire By: Jena Tesse Fox

As U.S. and Cuban embassies appear poised to return to both Havana and Washington for the first time since the Eisenhower administration, here are five challenges—sprinkled in with some benefits—international businesses will need to overcome as they look to expand and develop within Cuba.More>>

Newswire
Calif.-based Palisades acquires Palm Springs' Colony Palms Hotel in JV   1 Jul, 2015

Palisades Hospitality Group, which operates more than 30 resort, hotel and restaurant properties across leisure destinations in California, Hawaii and Mexico, and CovoCapital, a real estate investment company based in San Francisco, have jointly purchased the Colony Palms Hotel, in Palm Springs,...More>>

Newswire
Hilton in Australia's Gold Coast sold for $50M   30 Jun, 2015

The deal adds to a Gold Coast property market where more than $650 million in development sites and hotels has been acquired in the past 12 months. The Hilton, which has 169 rooms, was offered for sale in March along with the associated management rights of the hotel's adjacent tower containing 250...More>>

Newswire
Rating agency forecasts weak India growth through Q1 2016   30 Jun, 2015

According to a report by the rating agency, pan India occupancies are expected to improve by 2-4 percent during 2015-16, leading to RevPAR growth of 3-5 percent, even as supply growth curbs average room rates expansion. Room inventory in the country is expected to grow by 12 percent during 2015-16,...More>>

Newswire
Starwood to open first Luxury Collection hotel in Los Cabos, Mexico   30 Jun, 2015

The resort, owned by Quinta del Golfo de Cortez, will span 33 acres and include a spa, residences, vacation ownership units and a private beach club. Slated to open in June 2017, Solaz will be Starwood's first Luxury Collection hotel in Los Cabos and the brand's seventh hotel in Mexico, following...More>>

Newswire
Ireland development picks up with investments in Belfast   30 Jun, 2015

Newswire By: Elliott Mest

After acquiring a nine-hotel portfolio for $560 million at the end of 2014, Delata Hotel Group, Ireland's largest hotel operator, said the trend of cheap hotel deals could be coming to an end in the country. Increased development throughout Ireland, particularly in Belfast, could be a sign of...More>>

Newswire
Ashford Hospitality to purchase Minneapolis W and Le Meridian hotels for $101M   29 Jun, 2015

The W Minneapolis Hotel - The Foshay and Le Meriden Chambers Minneapolis will be purchased by Ashford Hospitality Trust Inc. More>>

Newswire
Carlson Rezidor takes over three Mauritius hotels    29 Jun, 2015

Mauritius realty company Bluelife Ltd. has entered into a partnership with the Carlson Rezidor Hotel Group, with three subsidiaries of the former to be placed under the management of the latter. More>>

Newswire
Gleneagles Hotel may sell for £200 million this week   29 Jun, 2015

London hotel owner Ennismore Capital may be the purchaser of the Perthshire landmark, which was acquired originally in the privatization of British Rail's hotels in 1982 and was subsequently sold to Bell's and Guinness.More>>

Newswire
Landmark Hotels and Suites looks to expand in UAE   29 Jun, 2015

Dubai-based Landmark Hotels and Suites is set to launch four Middle East hotels under its mid-market brand over the next 12 months. More>>

Newswire
Latest round of Airbnb funding underscores growing Silicon Valley, China relationship   26 Jun, 2015

Newswire By: David Eisen

Airbnb is closing in on $1.5-billion of fundraising that would boost its valuation to $24 billion, on par with the elite global hotel companies. This time, Chinese money is involved, as the company looks to grow globally. However, the larger it gets, the more pushback it's receiving from some...More>>

Newswire
Singapore's Tianfang planning IPO for Chinese hotel trust   26 Jun, 2015

Tianfang Hospitality Management is planning an initial public offering for a trust backed by three hotels in China that could raise about $372 million, Bloomberg is reporting. The Singapore listing could take place as early as September. More>>

Newswire
New York-based REIT developing Melia hotel in Hamburg   26 Jun, 2015

W. P. Carey, a global net lease REIT specializing in corporate sale-leaseback, announced that CPA:18 – Global, a non-traded REIT, has entered into an agreement to fund the development of a new hotel in Hamburg, Germany. CPA:18 – Global will provide approximately $29 million for the construction...More>>

Newswire
First Hilton Garden Inn opens in North China   25 Jun, 2015

Aside from the new Hilton Garden Inn Dandong, Hilton Worldwide presently operates two other hotels under the Hilton Garden Inn brand in China, including the Hilton Garden Inn Shenzhen Bao'an and the Hilton Garden Inn Lijiang. Hilton Garden Inn Dandong has 202 guestrooms, including 12 suites and 24...More>>

Newswire
Belfast tower converting to a hotel in $47M renovation   25 Jun, 2015

The Hastings Hotels Group said its transformation of the 23-story Windsor House in Belfast city center would create more than 150 new jobs. The proposals for a four star hotel, restaurant and bar, serviced apartments and office accommodation is subject to planning approval. If Hastings get the...More>>

Newswire
Liverpool Hotel Indigo sold for $17M   25 Jun, 2015

The hotel, situated on Chapel Street, was bought by MCAP Global Finance, an asset management company with offices in New York, Singapore and London. An undisclosed hotel management company, owned by MCAP, have also bought out the contract to operate the hotel from current operators IHG.More>>

Newswire
Foreign investments power Canadian hotel development   25 Jun, 2015

Newswire By: Elliott Mest

According to most headlines, current development trends would have you believe that the meat of hotel development these days is taking place in China and India, and while those are major growth centers for expansion one must not forget the countries at America's borders. Case in point, Canada is...More>>

Newswire
FRHI Hotels owners look to sell luxury hotel operator   24 Jun, 2015

FRHI operates 116 hotels with nearly 44,000 rooms in 34 countries. The list includes some historic luxury properties like New York’s Plaza Hotel, the Peace Hotel in Shanghai and the Savoy in London.More>>

Newswire
Melia to open 8th property in China in 2016   24 Jun, 2015

The new Meliá Shanghai Hongqiao is part of the Lidoway project, developed by Golden United Group, which will become a major urban complex in Hongqiao featuring a wide range of commercial and entertainment facilities, dining outlets, alfresco areas and high-end residential villas. 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