 | Newswire
Ashford Hospitality acquires Key West's Pier House for $90M 8 May, 2013
Ashford Hospitality Trust has acquired the 142-room Pier House Resort and Caribbean Spa in Key West, Fla., for $90 million in cash, or $634,000 per key. The acquisition is expected to close within the next 15 days. Ashford intends to replace the property manager with Remington Lodging, which...More>>
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 | Newswire
GF Management affiliate acquires Orlando Hilton Garden Inn 7 May, 2013
GF Management has announced that its affiliate, HGILM Associates, has acquired the 123-room Hilton Garden Inn Orlando North/Lake Mary, which will maintain its affiliation with the Hilton Garden Inn brand and stay open during a renovation north of $2 million, which will take place during the next 6...More>>
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 | Newswire
Sunstone buys Boston Park Plaza Hotel for $250M as Q1 revenue climbs 7 May, 2013
According to multiple sources, Sunstone Hotel Investors has agreed to buy the 1,053-room Boston Park Plaza Hotel & Towers for $250 million. The REIT also plans to invest an undisclosed amount on renovations, including upgrades of the hotel’s elevators and facade. Longer term, the company may...More>>
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 | Newswire
Talks begin on possible sale of Fairmont Dubai 6 May, 2013
Bloomberg reports that IFA Hotels & Resorts Co., a company partly owned by Saudi billionaire Prince Alwaleed Bin Talal, is in talks with several Middle East investors to sell the Fairmont Dubai, which sits at the trunk of Palm Jumeirah. Discussions convened as a who's who of hotel investment in the...More>>
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 | Newswire
Grace Hotels expands into North Africa with Morocco acquisition 3 May, 2013
Grace Hotels has announced its entry into the North African region with the acquisition of the Les Terres M’Barka, a boutique hotel located near the village of Tamesloht, about 13 miles southwest of Marrakech. The hotel will become known as Grace Marrakech. The hotel has 18 suites and lofts, a...More>>
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Newswire
News Briefs 24 Apr, 2013
Here’s the latest on acquisition, sales and redesign news.More>>
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Newswire
Fattal to rebrand most of Queens Moat House as Leonardo 24 Apr, 2013
Fattal makes first portfolio acquisition with Queens Moat Houses.More>>
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 | Newswire
Hospitality Property Fund acquires South Africa's Radisson Blu Gautrain 18 Apr, 2013
Hospitality Property Fund has entered into a new sale agreement with Savana Property to acquire the Radisson Blu Gautrain hotel in Johannesburg for R443.385 million or around $48 million. The fund said industry statistics had confirmed the recovery trend in the hospitality market that had commenced...More>>
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 | Newswire
Blackstone ponies up $450 milion for Hyatt Regency Waikiki 18 Apr, 2013
The Blackstone Group has made another big splash. This time in Hawaii. The owner of Hilton Worldwide has acquired the leasehold on the Hyatt Regency Waikiki Beach Resort and Spa for $450 million. The seller is Goldman Sachs and Hyatt Hotels Corporation. Hyatt will continue to manage the hotel.More>>
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 | Newswire
South African hotels see interest from international, local businesses 17 Apr, 2013
The outlook for investment in tourism locations in the province is positive as statistics show that South Africa saw a 10.4 percent increase in foreign visitors from January to October 2012 compared to the same period in 2011, said Peter Bruil, the managing director of PGLAG, a subsidiary of Pam...More>>
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