Investment
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Radisson Blu in Birmingham, UK, acquired by Dubai group   30 Jan, 2015

Royal Gulf Ltd, part of Dubai-based Select Group, has acquired the 211-room Radisson Blu hotel in Birmingham. The hotel opened in 2006 and is reportedly the tallest building in Birmingham with 39 floors including the residential component. It was designed by Italian designer Matteo Thun. A purchase...More>>

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Warren Buffett to invest in Illinois hotel project   30 Jan, 2015

Warren Buffett appears bullish on hotels. The "Oracle of Omaha" has reportedly joined in a project to turn the former Amerock building, in Rockford, Ill., into a $64-million hotel and conference center. However, there are still issues that could prevent the project from getting underway. More>>

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China's Wanda Group targets Australia with $1bln investment   30 Jan, 2015

China's wealthiest man has his eyes on Australia. The Wanda Group has announced it will invest $1 billion to develop a mixed-use complex in Sydney’s central business district. The investment will reportedly include a luxury Wanda hotel. The investment includes more than $300 million for an office...More>>

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California Montage and Westin sell for more than $300 million each   30 Jan, 2015

There's one thing all hotel sellers can agree on: "I wish they all could be California..." And they aren't referring to the state's women (as the Beach Boys were); rather, its real estate. Two recent hotel sales point to this. More>>

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Hyatt launches lifestyle brand Hyatt Centric   29 Jan, 2015

Hyatt Hotels is throwing its hat into the lifestyle arena with the launch of a brand new chain, Hyatt Centric. This will be the sixth new hotel brand launched by Hyatt since 2006.More>>

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Minor Hotel Group acquires six hotels in Brazil and Portugal   29 Jan, 2015

The six hotels were purchased for over $190 million. In addition to the two properties, the acquisition comprises a hotel operating platform and the intellectual property rights to the Tivoli Hotels & Resorts brand for Brazil. The Portugal acquisition comprises four properties that are being leased...More>>

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Starwood signs Berlin Sheraton   29 Jan, 2015

A franchise agreement with Esplanade Operation, a subsidiary of Host Hotels & Resorts' European joint venture, marks the conversion of the existing Grand Hotel Esplanade to a Sheraton hotel. The hotel continues to be operated by EVENT Hotel Group, which also holds a minority interest in the...More>>

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IHG reveals the locations of its first two Hualuxe hotels in China   29 Jan, 2015

The Hualuxe Nanchang High Tech Zone will be located in Nanchang, the capital of the Jiangxi Province, while the Hualuxe Yangjiang City Centre will open in Yangjiang, part of China's Guangdong Province.More>>

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Chandler Hotel Group adds seven new properties   28 Jan, 2015

The new properties are located in South Carolina, Texas and New Mexico, and collectively add nearly 1,200 new rooms to CHG's portfolio.More>>

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LaSalle Hotel Properties buys San Francisco Westin for $350M   28 Jan, 2015

LaSalle paid for the acquisition with cash on hand and borrowings from its senior unsecured credit facility. It is LaSalle's seventh hotel property in the San Francisco market. Highgate Hotels will continue managing the hotel as an independent property.More>>




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