Investment
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Tetrarch Capital buys Clonmel Park hotel in Tipperary, Ireland   17 Apr, 2015

Irish investment group Tetrarch Capital has acquired the the 99-room Clonmel Park Hotel in Tipperary, Ireland, The Irish Times reports. The former Brennan group hotel had been placed into receivership by AIB. The final sale price was not disclosed.More>>

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Supertel closes sale of two Ga. hotels; will sell two more in Va.   17 Apr, 2015

Supertel Hospitality announced that it has closed on the sale of two Savannah Suites hotels in Georgia: the 172-room Savannah Suites, in Augusta, which sold for $3.4 million, and the 120-room Savannah Suites in Chamblee, which sold for $4.4 million. The company applied $4.1 million of the proceeds...More>>

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Report: DuPont taking offers for Delaware's Hotel du Pont   17 Apr, 2015

DuPont Co. is reportedly taking bids for the Hotel du Pont and the DuPont Country Club, according to a source and as reported by Delaware's The News Journal. The chemical company owns the 102-year hotel and suburban golf course, located in Wilmington, Del. More>>

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Loews launches new luxury brand with San Francisco buy   16 Apr, 2015

Loews Hotels & Resorts is taking its Regency name and using it to launch a new luxury brand. First stop: San Francisco. Loews has now completed the acquisition of the 155-room Mandarin Oriental San Francisco Hotel, which has been renamed the Loews Regency San Francisco. The hotel joins the Loews...More>>

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Hotel planned for former College Football Hall of Fame property    15 Apr, 2015

Local South Bend, Ind., affiliate, WSBT, is reporting that the former College Football Hall of Fame is being sold to to JSK Development, a hotel development and management company, which has plans to convert it into a corporate headquarters with a hotel on the premises. More>>

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STR report indicates mixed bag for Europe and Middle East hotel pipeline   15 Apr, 2015

​STR Global has released its Global Construction Pipeline Report for March, and the EMEA numbers are intriguing: While Europe has more hotels under contract, the Middle East has decidedly more rooms poised to open in the coming year. More>>

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Summit closes on $39M acquisition of Minneapolis Hampton   15 Apr, 2015

Summit Hotel Properties has closed on the $39-million acquisition of a new 211-room Hampton Inn & Suites in downtown Minneapolis from Mortenson Development.The hotel opened on Aptil 13 and reportedly is the first new hotel to open in downtown since 2009.More>>

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Amara Hotels expands with new property in Thailand   15 Apr, 2015

Facilities at the Amara Bangkok include a rooftop infinity pool and AkaAza rooftop bar on the 26th floor, a Grand Ballroom and two function rooms. The hotel also offers events and meeting facilities. It's located in the city's central business district.More>>

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JW Marriott Mumbai Sahar opens in India   15 Apr, 2015

The 585-room property houses the brand's new branded spa concept Spa by JW. The Mumbai Sahar location is the first Spa by JW in Asia Pacific and the second worldwide. The JW Marriott brand now has seven hotels in India. Other locations are Bangalore, Chandigarh, Mumbai, New Delhi, Pune and...More>>

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Sacramento Kings, JMA Ventures partner to open Kimpton hotel   14 Apr, 2015

The partnership's 250-room hotel is part of a 16-story mixed-use building near the new downtown arena, and will be part of the San Francisco-based Kimpton Hotels & Restaurants chain. The hotel is expected to open with the new arena in the fall of 2016. Planning for the building started in November.More>>




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