Investment
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Ireland's Nama to put eight more hotels up for sale   1 Oct, 2014

The National Asset Management Agency (Nama) is planning to put another eight hotels in Ireland up for sale as it pares down loans and assets, reports the Irish Times. While the hotels will be marketed as part of a portfolio, they are expected to be sold separately given their different geographic...More>>

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Lodging Dynamics acquires Illinois Staybridge   1 Oct, 2014

Lodging Dynamics Hospitality Group has made another acquisition through the company’s affiliated equity fund, LD Hotel Group I: a 105-room Staybridge Suites, in Peoria, Ill. The fund is raising up to $60,000,000 to fund additional future acquisitions.More>>

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After nine-figure bid, Toronto's Brookfield victorious in Revel auction    1 Oct, 2014

That didn't take long. Atlantic City's Revel hotel closed its doors on September 10, and now, about three weeks later, it has a new owner. Brookfield Asset Management, a Toronto real-estate investment firm, won the bankruptcy auction for the hotel, ponying up $110 million.More>>

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Destination Develop seeks hotel investors to take a short survey   30 Sep, 2014

The publishers of the IHIF Hotel Investment News daily newsletter are searching for potential candidates for their new Destination Develop Investor Council, and request your participation in a brief survey. The Council is being created to give qualified investors exclusive access to pre-qualified...More>>

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Fortis to explore sale, spin-out of hotels and other assets   30 Sep, 2014

Fortis Inc. has reportedly retained advisors to explore a sale, or spin-out of its hotel and commercial real estate business now operated and controlled by its wholly owned subsidiary Fortis Properties Corp., reports Reuters.More>>

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Japan's Okura Hotels inks deal to operate Philippines hotel    30 Sep, 2014

Japanese hotel chain Okura Hotels & Resorts has struck a deal with Resorts World Bayshore City Inc. to manage and operate its first hotel in the Philippines, reports GMA New. Travellers International Hotel Group said Hotel Okura Manila will be constructed in Entertainment City in Parañaque. More>>

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Houston REIT to purchase HGI near Arboretum in Austin   30 Sep, 2014

Houston-based Moody National REIT is under contract to purchase the Hilton Garden Inn near the Arboretum in Austin for $29.25 million, reports the Austin Business Journal. It also reports that the Travis Central Appraisal District values the 138-room hotel and adjacent land at $13.76 million.More>>

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Cheap debt fuels hotel investment volumes in Germany   30 Sep, 2014

Few countries in Europe are as hot right now for hotel investment than Germany. That's according to HVS, which recently released a new report: "Germany – The Investor’s Darling?" More>>

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New $130M hotel on Saipan breaks ground   29 Sep, 2014

Hong Kong-based Honest Profit International has broken ground on a $130-million, 300-room hotel in San Antonio, Saipan, reports the Saipan Tribune. Sam Chan, CEO of Honest Profit, said the hotel’s groundbreaking marks a new era of investment activity on the island, which is reportedly in need of...More>>

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Where Las Vegas has won, Atlantic City has failed   29 Sep, 2014

Las Vegas and Atlantic City are thousands of miles apart, and that’s just where the dissimilarities begin. While the former has come up aces, the other is crapping out. The question remains: Why?More>>




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