Investment
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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>>

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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>>

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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>>

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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>>

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

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>>

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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>>

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Wheelock to buy Singapore developer Hotel Properties   15 Apr, 2014

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>>

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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>>

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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>>

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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>>




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