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HREC arranges sale of Sheraton Denver Tech Center   17 Dec, 2014

HREC Investment Advisors successfully brokered the sale of the Sheraton Denver Tech Center, in Greenwood Village, a suburb of Denver, representing the seller of the 263-room full-service hotel. The selling group consisted of funds affiliated with Varde Partners, Waramaug and Interstate Hotels. More>>

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Hyatt sells Toronto Park Hyatt for $90M   17 Dec, 2014

Oxford Properties Group has purchased the 346-room Park Hyatt Toronto hotel from Hyatt for approximately US$90 million or $260,000. Oxford intends to spend approximately $25 million more in additional capital expenditures over the next five years. Hyatt will continue to operate the hotel. More>>

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L.A.'s Ace hotel hits the market less than a year after opening   17 Dec, 2014

Now you can be the owner of one of the hipper brands on the market. Word out of Los Angeles is that the Ace hotel there is on the market. This according to the Los Angeles Business Journal, which writes that the owner, Greenfield Partners, is seeking $550,000 per room for the 182-room hotel.More>>

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Dublin offers value for high-end hotel developers   16 Dec, 2014

The city's economic recovery is well underway, and a new report from global hotel consultancy HVS London indicates that Dublin has many opportunities for hotel developers, particularly in the luxury and economy sectors, according to.More>>

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Blackstone makes big investment in Singapore   16 Dec, 2014

Investment group Blackstone and Malaysia's CIMB Bank will invest in three Sentosa Cove properties in Singapore owned by City Developments (CDL), including the W Singapore hotel, in a complex transaction valued at S$1.5 billion, or around US$2 billion.More>>

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Newly acquired Louvre Hotels to invest heavily in India   16 Dec, 2014

Louvre Hotels Group, recently acquired by Jin Jiang International Holdings, China's biggest hotel company, will reportedly invest over $100 million in the Indian hospitality space over the next three years, a top company executive told The Economic Times.More>>

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For $430 million, IHG buys a boutique hotel chain   16 Dec, 2014

Amid a rumor mill that churns out speculative reports of stockholders pushing for a sale of InterContinental Hotels Group, the UK-based hotel operator has made an acquisition of its own, acquiring Kimpton Hotels & Restaurants Group for $430 million. More>>

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Malaysia group acquires London's Grand Plaza Kensington   15 Dec, 2014

Federal Land Development Authority (FELDA) subsidiary, Felda Investment Corporation (FIC), recently acquired the 62-room Grand Plaza Kensington Hotel in London, in a move to diversify its investment assets.More>>

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Luxury makes a stirring comeback   15 Dec, 2014

Luxury hotel development is on a hot streak as developers seek out new projects. Where is the growth? And, moreover, where is the glut?More>>

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Qatar firm acquires 50 percent of London's Savoy Hotel   12 Dec, 2014

The Savoy first opened in 1889, and reopened in October 2010 after a $360-million renovation that took about 30 months.More>>

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