Investment News
Newswire
Openings   20 Oct, 2014

Newswire By: HM Editorial Staff

A look at the new hotel openings around the globeMore>>

Newswire
Red Roof Inn's CDO on the economy brand's expansion plans   20 Oct, 2014

Newswire By: Stephanie Ricca

Red Roof Inn’s CDO Phil Hugh details development plans for the economy brand, how to take the chain to the next level, its new design prototypes and his view on the segment as a wholeMore>>

Newswire
The Motor City starts to rev it up   20 Oct, 2014

Newswire By: HM Editorial Staff

Detroit showing signs of hotel revivalMore>>

Newswire
Alpha Bank plans to sell Athens Hilton   20 Oct, 2014

Alpha Bank reportedly will soon announce the agreement for the sale of Athens’ Hilton Hotel in Greece, which is currently the property of Ionian Hotel Enterprises, an Alpha Bank subsidiary. The interested buyers are reportedly Oaktree Capital Group and Jermyn Street Real Estate Fund.More>>

Newswire
Tune Hotels unveils big expansion plans   20 Oct, 2014

Tune Hotels has unveiled plans to open up to 25 new properties by 2020, amounting to a further £200 million in the UK. The announcement comes as the select-service hotel group opens its sixth UK property in Newcastle this week. More>>

Newswire
Dubai's Atlantis signs increased $1.1bln loan deal    17 Oct, 2014

Dubai's Atlantis resort has refinanced an $880-million loan to take advantage of favorable market conditions and secure a better interest rate, the company told Reuters and as reported by Arabia Business. The loan was also increased in size to $1.1 billion.More>>

Newswire
Urban and dual-branded projects keep extended-stay going strong   17 Oct, 2014

Newswire By: Bruce Serlen

A look at analyst forecast of healthy momentum for extended-stay category heading into 2015.More>>

Newswire
Value Place in Gaston, N.C., sold for $3.5M   16 Oct, 2014

Built in 2008, the 44,000-square foot building has 124 rooms. The former owner, New River Gastonia, sold the 3.3-acre property to DC Hospitality Gastonia, a company based in Brook Bound, NJ. The hotel is planned to remain a Value Place property.More>>

Newswire
Dalata Hotel Group buys two Ireland hotels for $40.41M   16 Oct, 2014

Dalata managed the two hotels since 2009. They were put on the market in August as part of Ulster Bank's Project Nadal. The sale is expected to close over the next four weeks. Last year the two hotels reported earnings before interest, tax, depreciation and rent of $3.19 million. More>>

Newswire
Chinese investor buys Paris Marriott for $439M   16 Oct, 2014

Newswire By: Elliott Mest

Four months ago, Hong-Kong based Kai Yuan Holdings expressed interest in buying the Paris Marriott Hotel Champs-Elysees for an estimated $468 million. Today that deal has officially closed.More>>

Newswire
Marriott resort in Hawaii to rebrand as Four Seasons hotel-condominium   16 Oct, 2014

The JW Marriott Ihilani Resort & Spa at Ko Olina in Hawaii is set to close early next year to undergo a renovation and then reopen under the Four Seasons brand. The hotel was built two decades ago and will lose the Marriott flag after its management agreement ends on Dec. 31. The Resort Group is...More>>

Newswire
International hotel brands invest in Turkey   15 Oct, 2014

Turkey's hotel scene keeps growing, with international developers looking to build and develop in cities throughout the country. More>>

Newswire
Hawaii's Kahala Hotel sells for $282 million   15 Oct, 2014

The Kahala Hotel & Resort in East Oahu has been sold to Japan-based Resorttrust Inc. in a leasehold sale for $282.5 million. Landmark Hotels, the resort’s operator, will remain in place.More>>

Newswire
Damac signs deal to expand Paramount Hotels   15 Oct, 2014

Damac Properties has signed an exclusive deal with Paramount Hotels & Resorts to expand its branded hotels and serviced living concepts to new cities around the region, reports Construction Weekly Online. The hotels & serviced residences will be launched over the next five years across Dubai, Abu...More>>

Newswire
Shiva Hotels acquires London’s Kingsway Hall Hotel for hefty sum   15 Oct, 2014

Shiva Hotels has purchased The Kingsway Hall Hotel, a landmark property in London’s Covent Garden, for £96 million, reports Hotel Owner. Another £15 million reportedly will go toward an extensive renovation.More>>

Newswire
Growing demand for Singapore draws investment dollars   15 Oct, 2014

Newswire By: Meagan Drillinger

According to Asia One, the growing attraction of Singapore as a tourist destination has made the local hotel industry as competitive as Hong Kong's.More>>

Newswire
Orlando hotel market hits an inflection point   14 Oct, 2014

Newswire By: David Eisen

Disney, Universal supporting development growth, as rates ramp up in this mega-leisure destination.More>>

Newswire
Intrigue and espionage: Concerns arise over Waldorf Astoria sale   14 Oct, 2014

Newswire By: David Eisen

It appears the U.S. government is now taking a closer look at last week's announced bombshell deal of a Chinese insurance group buying the Waldorf Astoria in New York for close to $2 billion. Why? Read on.More>>

Newswire
JLL: Why the Florida Keys are hot for hotel development   14 Oct, 2014

The hottest hotel market in America may be at the lowest point on the map, suggests JLL. As tourists flock to the Florida Keys, real estate investors are following, in search of a piece of the booming island action. More>>

Newswire
European pipeline sluggish as Middle East picks up   14 Oct, 2014

Newswire By: J.P. Ford

While European construction pipeline remains slow, global hotel companies see another development boom taking root in the Middle EastMore>>

Newswire
Time to sell: Make the most of high demand   14 Oct, 2014

Newswire By: Stacey Higgins

Record-breaking fundamentals drive a still-cautious sales marketMore>>

Newswire
Accor emerges as potential buyer of Louvre Hotels   13 Oct, 2014

Newswire By: David Eisen

Accor, Europe's largest hotel group, may be adding a slew of hotels to its already multi-tiered portfolio. Reports are surfacing that Paris-based Accor is a frontrunner to acquire rival budget hotel operator Louvre Hotels, in a deal that could net owner Starwood Capital upwards of $1.9 billion. More>>

Newswire
Carlson Rezidor Hotel Group: Revving up the franchise strategy   13 Oct, 2014

Newswire By: Stephanie Ricca

An interview with Phil Silberstein, EVP of development for Carlson Rezidor Hotel Group in the Americas, to get the scoop on what to expect from Carlson on the homefront.More>>

Newswire
DiamondRock reduces borrowing costs at NYC's Lexington Hotel    13 Oct, 2014

DiamondRock Hospitality Company has amended its existing approximately $170.4-million mortgage loan secured by The Lexington New York City to reduce its costs of borrowing and extend the term of the loan. More>>

Newswire
Interstate maintains strong growth here and abroad   13 Oct, 2014

Newswire By: David Eisen

Interstate Hotels & Resorts, already one of the largest global hotel management companies, grows its portfolio with management rights deal with Rim Hospitality.More>>

Newswire
Universal opening Beijing theme park by 2019   13 Oct, 2014

Entertainment firm Universal Parks & Resorts will invest more than $3 billion with a Chinese partner to open a theme park, complete with a Universal-themed hotel, in Beijing by 2019, the city government and state media have said. More>>

Newswire
Hotel Purchase Update   13 Oct, 2014

Newswire By: HM Editorial Staff

A look at some hotel acquisitions and sales from around the U.S.More>>

Newswire
Fallout from Waldorf Astoria buy continues as foreign money floods Manhattan   10 Oct, 2014

Newswire By: David Eisen

The Waldorf Astoria in New York's stunning record deal may only be the tip of the iceberg, as foreign money, particularly from China, seeks out safe havens, such as the prized assets that dot the Manhattan landscape.More>>

Newswire
GB Group-led consortium to build £25M Hampton hotel in London's Docklands    10 Oct, 2014

A consortium including the GB Group has secured funding for a new 190-room hotel in London’s Royal Albert Dock, reports the Construction Enquirer. Work will begin in January on the new Hampton by Hilton hotel. More>>

Newswire
Oxford Development buys Crowne Plaza Pittsburgh South    9 Oct, 2014

Pittsburgh-based Oxford Development has acquired the 179-room Crowne Plaza Pittsburgh South hotel, reports the Pittsburgh Business Times. Speculation is that the hotel sold for around $3 million. The seller was a fund called SageCrest.More>>



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