Investment
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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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Boomerang Hotels opens new GuestHouse in Missouri   22 Oct, 2014

Boomerang Hotels has opened the 53-room GuestHouse Inn St. Joseph, in Missouri. The property, a conersions, is the fourth GuestHouse International hotel to open in the state. It is owned and operated by Asha Hospitality, Inc. More>>

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Red Lion jumps into lifestyle segment with Hotel RL   22 Oct, 2014

Another hotel operator has crossed into the lifestyle segment. Red Lion Hotels Corporation has launched what it calls a new upscale hotel conversion brand targeted for the top 80 U.S. urban markets. Hotel RL is a full-service, lifestyle brand "inspired by the spirit of the Pacific Northwest and...More>>

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Goldman Sachs to buy loan on Belfast's Merchant Hotel   21 Oct, 2014

Goldman Sachs is making a substantial investment in Northern Ireland with a deal to buy loans on Belfast's Merchant Hotel and other assets from Ulster Bank, reports The Telegraph. The investment bank is the preferred bidder to buy loans relating to the Cathedral Quarter hotel and four others after...More>>

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Rhode Island group sells two select-service Manhattan hotels   21 Oct, 2014

Rhode Island-based hotel investment and management firm Magna Hospitality Group has sold two Midtown hotels for a total of $135.2 million, according to property records filed with the city, and as reported by Real Deal. The hotels are the Holiday Inn Express Herald Square and the Hampton Inn United...More>>

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Starwood sells The St. Regis, Rome, continues asset-light focus   21 Oct, 2014

One of Rome's most luxurious hotels is now under new ownership. Starwood Hotels & Resorts Worldwide has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for €110 million or approximately $150.7 million.More>>




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