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Shangri-La signs MOU for its first hotel in Phnom Penh, Cambodia   24 Oct, 2014

Shangri-La International Hotel Management and Oxley Gem Cambodia have signed a memorandum of understanding in relation to the management and operation of the first Shangri-La hotel in Phnom Penh, Cambodia. Oxley Gem is a partnership between by Singapore-based Oxley Holdings Limited and the...More>>

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Nashville Magnuson hotel sells for $4.8M, to rebrand as Quality Inn   24 Oct, 2014

A Nashville hotelier has paid $4.8 million for the 172-room Magnuson Hotel Downtown North Nashville, with plans to rebrand it as the Quality Inn Downtown Nashville. The buyer, Sam Zaveri, plans to spend an additional $2 million on renovations, including upgrades to the rooms, lobby, ballrooms and...More>>

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Hines seeks $380M to revamp storied Venice hotels    24 Oct, 2014

Bloomberg reports that U.S. investor Hines is looking to raise 300 million euros ($380 million) to renovate two Venice hotels: the Hotel Excelsior and Grand Hotel Des Bains on Venice Lido. Hines Italia SGR is a venture between the Houston-based company and Italian investor Manfredi Catella. More>>

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Alexandria, La., hotel to be sold, converted to a Holiday Inn   23 Oct, 2014

The Alexander Fulton Hotel in Alexandria, La., will be converted to a Holiday Inn after it is reportedly sold to the Southern Hospitality Group. Officials say The Fulton, which has been owned by the city, will undergo a renovation and allow the city out of the hotel business, which, according to...More>>

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Liberty SBF provides $7MM CMBS financing for Chicago-area HGI   23 Oct, 2014

According to RE Journals, Liberty SBF recently provided a $7-million CMBS loan for an hotel sponsor to acquire a Hilton Garden Inn hotel near Chicago. Liberty SBF, which specializes in CMBS lending, worked directly with the sponsor to capitalize on an opportunity with a short window and closed in...More>>

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StayWell Hospitality boosts India portfolio   22 Oct, 2014

StayWell Hospitality Group is making a major push in India with the announcement of 18 hotels expected by 2017. The hotels, according to the Economic Times, will target mid and up-scale segments as part of expansion plans entailing an investment of around $20 million.More>>

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IHG to triple presence in India   22 Oct, 2014

According to Bloomberg, IHG plans to add 46 new hotels over three to five years in India. "The chain is among operators including Wyndham Hotel Group and STarwood Hotels & Resorts Worldwide Inc. looking to tap the $1.9 trillion economy, even as an oversupply of rooms has depressed room rates for...More>>

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Pan Pacific to open fifth hotel in China   22 Oct, 2014

This will be the fifth Pan Pacific in China. Part of a mixed-use development, The Esplanade, Pan Pacific Tianjin sits on the Haihe River. It is a 40-minute drive from Tianjin Binhai International Airport and 10 minutes away from Tianjin Railway Station. More>>

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Jumeirah to open three hotels in China   22 Oct, 2014

First up, the Jumeirah Haikou Resort will open in an exclusive golf community on a private island in Hainan. Folloiwng that will be the Jumeirah Wuhan and finally the Jumeirah Nanjing.More>>

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Cincinnati Courtyard sells for more than $20 million   22 Oct, 2014

An affiliate of Dallas-based Aimbridge Hospitality and New York City-based BlueMountain Capital Management have purchased the Courtyard Cincinnati Covington hotel for more than $21.7 million. Earlier this year, the JV purchased three other Marriott-branded hotels in Greater Cincinnati as part of...More>>

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