Investment News
Newswire
CBRE brokers Sleep Inn Chicago South deal   24 Apr, 2014

CBRE Hotels has completed the sale of the 71-room Sleep Inn Chicago South located in Tinley Park, Ill. Platinum Hospitality sold the property to Jai Ambe Properties for an undisclosed price. More>>

Newswire
Report: Hilton to open Conrad hotel at CityCenterDC   24 Apr, 2014

CityCenterDC, a mix of shops, restaurants, apartments and condominiums in Washington, D.C., could also add a luxury hotel. Word is the developer has been in discussions with Hilton Worldwide to build a Conrad hotel in the second phase of the project.More>>

Newswire
Swire Hotels to open first U.S. hotel in Miami   24 Apr, 2014

Swire Hotels, based in Hong Kong and formed in 2008 to create and manage small luxury hotels in Hong Kong, Mainland China and the UK, has announced the 2015 opening of East, Miami at Brickell City Centre, Swire Properties' $1.5-billion mixed-use development in Miami's Brickell district.More>>

Newswire
It's a buyer's market...and a seller's   23 Apr, 2014

Newswire By: Bill Avoli

Today’s hotel market offers an interesting dichotomy, with meaningful opportunity for both buyers and sellers. Significant overhang from the economic downturn continues to exist, providing a very large inventory for buyers seeking transitional assets; and, with industry fundamentals strong and...More>>

Newswire
Santa Cruz Holiday Inn Express sold for $16.5M   23 Apr, 2014

San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have acquired the 100-room Holiday Inn Express in Santa Cruz, Calif., for $16.5 million. The hotel was bought from BPR Properties of Palo Alto.More>>

Newswire
ADCB to finance Fairmont hotel in Abu Dhabi   23 Apr, 2014

Abu Dhabi Commercial Bank has signed an approximately $258-million loan deal with National Investment Corporation, the developer of the breakwater area in Abu Dhabi, for the development of the new Fairmont hotel, reports Emirates 24/7. More>>

Newswire
Lawrence Ho raises stake on Russian casino development   23 Apr, 2014

A consortium backed by Lawrence Ho is planning to raise its stake in a casino project on the outskirts of Vladivostok in Russia to 85 percent.More>>

Newswire
Under new leadership, Langham Hospitality to undergo big buying spree    22 Apr, 2014

Newswire By: David Eisen

Langham Hospitality Group, the hotel arm of Great Eagle, is looking to make a big splash in the U.S., with an expectation to acquire 10 hotels. How will it go about reaching that goal? It's earmarked a total of $1.5 billion.More>>

Newswire
Cachet Hotel Group brings Nano brand to New York   22 Apr, 2014

Cachet Hotel Group has announced it will import its Nano Hotels & Resorts brand to the U.S., specifically New York, where it will announce its first property later this year, in partnership with Harry Gross of G-Holdings.More>>

Newswire
Warwick Hotels makes Dubai debut   22 Apr, 2014

The opening of the Hotel marks a major step in the development of WIH, after having established its presence in the Middle East in 2012.More>>

Newswire
India's Hotel Leelaventure selling two properties to pare debt   21 Apr, 2014

Newswire By: David Eisen

Mumbai-based Hotel Leelaventure is reportedly in talks with sovereign wealth funds including Abu Dhabi, Qatar and Malaysia to sell properties in Delhi and Chennai for around Rs 1,850 crore in order to pay debt.More>>

Newswire
Concord sells 13-hotel portfolio for $240M   21 Apr, 2014

Concord Hospitality Enterprises has sold a portfolio of 13 select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. More>>

Newswire
Australia's Crown Resorts enters race for Vegas' Cosmopolitan   21 Apr, 2014

Last week, we reported on Deutsche Bank looking to sell the Cosmopolitan in Las Vegas. Today, there is word that Australia's Crown Resorts is poised to enter the race for the $2 billion loss-making hotel and casino.More>>

Newswire
After Chicago and New York, Virgin Hotels selects Nashville for next project   18 Apr, 2014

A partnership led by local businessman David Chase will develop and own the 240-room hotel, scheduled to open in 2016. The hotel will be managed by Virgin Hotels. More>>

Newswire
Designer Tommy Hilfiger acquires Miami's Raleigh Hotel   18 Apr, 2014

Newswire By: David Eisen

Tommy Hilfiger, the fashion designer who helped forge 90s hip-hop fashion, among other styles, is the proud new owner of the Raleigh Hotel in Miami's South Beach, after paying $56 million for the Art Deco property. More>>

Newswire
S.F.'s Hotel California plans major renovation after $27M sale   18 Apr, 2014

Pineapple Hospitality, a Bellevue, Wash.-based hotel management company, has acquired the Hotel California in san Francisco, a 101-year-old, 83-room hotel, for $27 million. The hotel, bout from Geary Street Properties, was affiliated with Best Western.More>>

Newswire
How you can own a piece of the Hard Rock Palm Springs   17 Apr, 2014

Newswire By: David Eisen

Crowdfunding, the practice of funding a project or venture by raising many small amounts of money from a large number of people, may still be a fledgling source of equity, but it's starting to have in the presence in the hotel industry, with big, well-known brands. More>>

Newswire
Deutsche Bank looking to unload Vegas' Cosmopolitan   17 Apr, 2014

Deutsche Bank AG is in talks to sell its Cosmopolitan resort in Las Vegas as it tries to end a six-year, money-losing venture into casino development, people with knowledge of the matter told Bloomberg. More>>

Newswire
Bloomington, Minn., investor buys Duluth Radisson   17 Apr, 2014

Trinity Hotel Investors has sopld the 288-room Radisson Hotel Duluth Harborview for an undisclosed price to Bloomington, Minn.-based Kaeding Management, which plans a comprehensive renovation. More>>

Newswire
First Delaware Westin opens    17 Apr, 2014

PM Hospitality Strategies along with officials from a joint-venture ownership group comprised of Buccini/Pollin Group and Westport Capital, have opened the 180-room Westin Wilmington in Delaware.More>>

Newswire
Hotel development pipeline in Sub-Saharan Africa   16 Apr, 2014

New research from Lagos-based consultancy W Hospitality Group has revealed a significant divergence in activity when it comes to hotel development in Africa. For the first time since the survey began in 2009, the international and regional hotel chains are signing more deals in sub-Saharan Africa. More>>

Newswire
University of Maryland plans $115M luxury hotel and conference center    16 Apr, 2014

Newswire By: David Eisen

College Park, Md., and luxury hotel don't necessarily go hand in hand. Soon, however, they may. The University of Maryland wants to build an 11-story, $115-million luxury hotel and conference center across from its main entrance in College Park.More>>

Newswire
New MGM JV to focus on non-gaming luxury hotels   16 Apr, 2014

MGM Resorts International and Hakkasan Group have formed a joint venture hotel management company to be named MGM Hakkasan Hospitality. It will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings. More>>

Newswire
DiamondRock completes Chicago-area sale   16 Apr, 2014

DiamondRock Hospitality Company has completed the sale of the Oak Brook Hills Resort, located in a suburb of Chicago. The REIT sold the 386-room hotel to an unaffiliated third party for $30.1 million, including $4.0 million of seller financing. More>>

Newswire
Ginger Hotels to add 40 new hotels in India   16 Apr, 2014

Roots Corporation, a subsidiary of the Indian Hotel Company Limited (IHCL) under its brand, Ginger Hotels is looking at franchise mode of operations to expand its hotel portfolio.More>>

Newswire
Anantara opens third hotel in China   16 Apr, 2014

​Anantara Hotels, Resorts & Spas has opened its third property in China with Anantara Emei Resort & Spa, reports C&IT Magazine. More>>

Newswire
Gemini Real Estate Advisors acquires two hotels to be rebranded under the Jade Hotel portfolio   15 Apr, 2014

The hotels, which will be designed to align with the boutique lifestyle brand, are located in Manhattan's Seaport district and Florida's Miami Beach. These developments will become the third and fourth Jade properties, following the successful Jade Greenwich Village and under construction Jade...More>>

Newswire
Denihan Hospitality to split into two business units, announces management changes   15 Apr, 2014

The decision to restructure was made after months of planning that considered growth and customer strategy, brand positioning and financial performance. Denihan Investments, led by Denihan as CEO, will make financial investments in hotels with other partners and secure new management contracts for...More>>

Newswire
NGKF Hotels sells two New England Best Western properties   15 Apr, 2014

The 92-suite Best Western Plus Roundhouse Suites was purchased by Dev Hospitality; and, the Best Western Plus Black Rock, a 60-room hotel at 100 Kings Highway Cutoff in Fairfield, Conn, was purchased by Black Rock Acquisition. Bhavesh "B.J." Patel, Rick Besse, Jonathan Kule and Garrett Stoffels...More>>

Newswire
Wheelock to buy Singapore developer Hotel Properties   15 Apr, 2014

Newswire By: Elliott Mest

The Wall Street Journal reported that the bid was led by Hotel Properties managing director Ong Beng Seng and Wheelock Properties (Singapore) as the latest in a series of acquisitions this year by large shareholders seeking full control of Singapore-based property firms.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