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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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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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Shiva Hotels acquires London’s Kingsway Hall Hotel for hefty sum   15 Oct, 2014

Shiva Hotels has purchased The Kingsway Hall Hotel, a landmark property in London’s Covent Garden, for £96 million, reports Hotel Owner. Another £15 million reportedly will go toward an extensive renovation.More>>

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Hawaii's Kahala Hotel sells for $282 million   15 Oct, 2014

The Kahala Hotel & Resort in East Oahu has been sold to Japan-based Resorttrust Inc. in a leasehold sale for $282.5 million. Landmark Hotels, the resort’s operator, will remain in place.More>>

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Time to sell: Make the most of high demand   14 Oct, 2014

Record-breaking fundamentals drive a still-cautious sales marketMore>>

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Interstate maintains strong growth here and abroad   13 Oct, 2014

Interstate Hotels & Resorts, already one of the largest global hotel management companies, grows its portfolio with management rights deal with Rim Hospitality.More>>

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Huff, Niehaus & Associates arranges sale of five-hotel portfolio   9 Oct, 2014

Huff, Niehaus & Associates, a member of Hotel Brokers International, announced the sale of the 583-room, five extended-stay hotel portfolio located in Kentucky and Indiana consisting of three Candlewood Suites and two Suburban Extended Stays. More>>

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Oxford Development buys Crowne Plaza Pittsburgh South    9 Oct, 2014

Pittsburgh-based Oxford Development has acquired the 179-room Crowne Plaza Pittsburgh South hotel, reports the Pittsburgh Business Times. Speculation is that the hotel sold for around $3 million. The seller was a fund called SageCrest.More>>

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Highgate's sale of minority stake could augur growth, exposure   8 Oct, 2014

Hotel management company Highgate Hotels has reportedly sold a minority stake to private-equity firm Trilantic Capital Partners, a move that could signal further expansion for the Norwalk, Conn., company.More>>




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