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Mardan Palace in Turkey up for sale   30 Mar, 2015

The Mardan Palace, in Antalya, Turkey, built by Russian businessman Telman Ismailov in 2009, has been put up for sale by the Antalya 4th Directorate of Bailiff and Execution, reports the Daily Sabah. The sale reportedly is underway as a result of the hotel's debts to Halkbank. An estimated sale...More>>

Newswire
Wobbly resort sector finds steady footing   30 Mar, 2015

Newswire By: David Eisen

The resorts sector hit a rough patch during the recession. Now, with the hotel industry firmly back on its feet and the overall U.S. economy humming, resorts appear back on solid ground. Here's a look at how and why, and what the investment community thinks about the segment. More>>

Newswire
HVMG completes JV acquisition of Atlanta Embassy Suites   30 Mar, 2015

Atlanta-based Hospitality Ventures Management Group (HVMG) has acquired a joint-venture interest in the 261-room Embassy Suites Atlanta – Galleria. HVMG also manages the hotel. Currently HVMG’s managed hotel portfolio consists of 42 hotels in 16 states nationwide, totaling 8,060 rooms.More>>

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Taj to add 10 more hotels under Vivanta brand in five years    30 Mar, 2015

Tata Group-controlled Vivanta by Taj is planning to add 10 more hotels to its portfolio to take its count to 40 in the next five years, reports DNA India. Of the 10 hotels, two would open in Guwahati and Amritsar this fiscal year. More>>

Newswire
Second NYC Ace Hotel hit with stop-work order   30 Mar, 2015

The work that has been intensifying at 223-225 Bowery, which is being converted into New York's second Ace Hotel, looks like it will be settling down for a period of time, after the Department of Buildings (DOB) last week issued a partial stop-work order for the ongoing activities. More>>

Newswire
Mumford unveils new tagline and brand vision   30 Mar, 2015

Mumford Company has unveiled a new tagline that it says illustrates the brand vision as "Trusted Hotel Advisors Since 1978." The firm provides asset analysis, portfolio review, valuations, and guidance on market conditions, and it s new tagline, Mumford says, "highlights its dedication to customers...More>>

Newswire
Fairmont to buy San Diego's Grand Del Mar   27 Mar, 2015

The resort is being sold to the Fairmont Hotels chain and a Northern California investor, although owner Doug Manchester will retain a minority stake. As part of the change in management, the hotel will be re-branded as the Fairmont Grand Del Mar.More>>

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HFF closes Cape Canaveral Hampton Inn sale   27 Mar, 2015

Milestone Hospitality purchased the offering free and clear of debt for $7.1 million. The 86-room hotel will be managed by Lincoln Hospitality Management.More>>

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Future Crowne Plaza in New York City signed by IHG   27 Mar, 2015

The 251-room property on 36th street is scheduled to open in 2017, and IHG will manage on behalf of the owner, LRR Holdings. IHG currently has 25 hotels open in the New York City market across seven of its brands.More>>

Newswire
What U.S. cities saw improved numbers last week?   27 Mar, 2015

The newest data released by STR Global on the performance of the U.S. hotel industry shows high scores for hotels across the country. Here is a look at what cities are thriving and the numbers behind their success.More>>

Newswire
Tennessee Hyatt Place sold for $19.9M   26 Mar, 2015

An entity registered to Archon Group sold the 126-room hotel to a group registered to American Realty Capital Hospitality Trust. The acquisition was part of a $1.8 billion portfolio purchase by American Realty Capital, covering 116 hotels in 31 states. More>>

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Starwood Capital Group launches sustainable lifestyle brand 1 hotels   26 Mar, 2015

The first 1 hotels property debuted yesterday in Miami as the 426-room 1 Hotel & Homes South Beach. The brand plans to open one hotel in Manhattan and another in Brooklyn, New York.More>>

Newswire
Dallas Westin changes hands, plans $20M update   26 Mar, 2015

HFF marketed the 536-room hotel in central Dallas on behalf of the seller, a joint venture between FelCor Lodging Trust and Starwood Hotels & Resorts Worldwide. The buyers were a partnership between AWH Partners of New York City and Building and Land Technology of Stamford, Conn.More>>

Newswire
Boutique lifestyle brands gain traction in Europe's cities   25 Mar, 2015

Newswire By: Jena Tesse Fox

As millennials seek out more intimate, exclusive experiences in their European travels, international hotel brands are looking to launch boutique properties in some key gateway cities. Here's a look.More>>

Newswire
Apollo to sell Great Wolf Resorts for north of $1 billion   25 Mar, 2015

Newswire By: David Eisen

Water parks are not all child's play. In a deal first announced last night, private equity firm Centerbridge Partners is set to acquire Great Wolf Resorts, the largest U.S. operator of indoor water parks, for $1.35 billion, including debt, from Apollo Global Management. More>>

Newswire
Four Seasons picked for redevelopment of NOLA's WTC   25 Mar, 2015

Looks like Four Seasons is coming to New Orleans. As local WGNO reports, the "worn out" World Trade Center building at 2 Canal Street is set to become a Four Seasons hotel after the design and construction team of Carpenter and Co. / Woodward were selected out of a pool of five finalists.More>>

Newswire
U.S. hotels 2014: Investors spent $27.8bln on acquisitions and developments   25 Mar, 2015

Hotel investors spent $27.8 billion on property acquisitions and developments during 2014, according to the Hotel Transaction Almanac and the Hotel Development Almanac, compiled by STR Analytics. During the year, $18.5 billion in hotels changed hands while another $9.3 billion in new hotel projects...More>>

Newswire
Provenance Hotels acquires full stake in Portland's Sentinel   25 Mar, 2015

Provenance Hotels has acquired Woodbine Development Corporation’s 50-percent interest in the Sentinel hotel, in Portland, Ore., and now owns and controls 100 percent of the property that opened in March 2014. The acquisition comes on the heels of Provenance Hotels’ partnership with Thayer...More>>

Newswire
Brokers see strong hotel transactions market   25 Mar, 2015

Newswire By: Elaine Yetzer Simon

Demand for select service expected to grow; international players seen to be becoming more of a force.More>>

Newswire
New development, not acquisitions, penetrates talk at Hunter Conference   25 Mar, 2015

Newswire By: David Eisen

The strong performance of the hotel industry continues to show no let up, but as asset values surge, investors are shifting their attention away from acquisitions in favor of ground-up development. This was one of the myriad topics discussed during the first day of the Hunter Hotel Conference in...More>>

Newswire
Joint venture acquires Holiday Inn Fort Washington, Pa., plans $19M update   24 Mar, 2015

Bill McNamara, managing partner of Haverford Hotel Partners, and Charles Houder, principal of Haverford Properties, acquired the 230-room, full-service Holiday Inn Fort Washington from a Washington, D.C., investor who has owned the property since it was developed in 1975. Joe McCann, head of...More>>

Newswire
Developer plans $20M AC Hotel by Marriott in Boston   24 Mar, 2015

This hotel, which will be located at Cambridge Discovery Park, is the second announced location for the European hotel flag in the Greater Boston region. The architect for the Cambridge AC Hotel by Marriott is ADD Inc. The hotel is slated for a June 2016 completion.More>>

Newswire
Inside look: Pittsburgh, Pa.   24 Mar, 2015

Newswire By: Elliott Mest

Hotel owners/franchisees need to keep an eye on their market. What is your market's average daily rate, occupancy and total revenue per available room? Are you getting your fair share? What are your opportunities to expand or grow business? As part of our market snapshot series, today Hotel...More>>

Newswire
Hot in the Hamptons: Montauk motel on market for $25M   23 Mar, 2015

Just how hot are the Hamptons? Quite, for sure. As The Real Deal reports, Montauk’s East Deck Motel and Resort is back on the market, and its owners, who bought the property in 2013 for $14 million, are seeking $25 million. Suitors reportedly include Ian Schrager and Sean MacPherson.More>>

Newswire
Carey Watermark pays $142M for Westin Pasadena   23 Mar, 2015

Carey Watermark Investors Incorporated announced that it has acquired the 350-room Westin Pasadena for $142.5 million, which breaks out to roughly $407,000 per key. The hotel will continue to be managed by HEI Hotels & Resorts.More>>

Newswire
Chinese investment groups swap mines for hotels   20 Mar, 2015

Newswire By: David Eisen

As Chinese group's hunger for natural resources and energy ebbs, they are shifting their tastes to hotel real estate. What does it mean for the overall hotel investment landscape?More>>

Newswire
Solstar Investments' tandem buy outside of Las Vegas   20 Mar, 2015

Solstar Investments of Los Angeles has acquired the 120-room Marriott SpringHill Suites Hotel and the 108-room Marriott TownePlace Suites Hotel located in Henderson, Nev., outside Las Vegas. The 2009-built pair of hotels was acquired from Campbell Lodging, the original owner/developer, with GE...More>>

Newswire
South Africa's Sun Intl. to buy Peermont in $775M deal   20 Mar, 2015

​South African hotel chain Sun International has announced plans to take over casino resort group Peermont for nearly 9.5 billion rand or nearly US$775 million. Peermont operates a portfolio of gaming and hospitality businesses in SA and Botswana and owns nine casino resorts, including its...More>>

Newswire
MGM urged to pursue REIT, hotel split   20 Mar, 2015

Jonathan Litt, the hedge-fund manager who runs Land & Buildings Investment Management, told Bloomberg that MGM Resorts International should convert its properties into a real estate investment trust and spin off its hotels, adding that the moves would help the casino operator cut its debt in half,...More>>

Newswire
Three bold predictions for 2015   20 Mar, 2015

Newswire By: David Eisen

Three predictions about the industry for the rest of 2015More>>



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