Transactions
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Crowne Plaza in Bloomington, Minn., sells for $30M   23 Jan, 2015

Minnesota's Keading Management has acquired the Crowne Plaza in Bloomington, Minn., for $30 million, reports the Minneapolis/St. Paul Business Journal. The 430-room hotel, which had been on the market since last May, was sold by New York-based Trinity Hotel Investors and Boston-based BayNorth...More>>

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HEI sells Houston Aloft Galleria   23 Jan, 2015

HEI Hotels & Resorts has sold the 152-room Aloft Houston Galleria. The buyer and price were not disclosed, though reports are that Westpark I, a Melville, N.Y.-based group bought the property. HFF represented HEI in the sale, which closed on Dec. 22. HEI will continue to manage the hotel, a few...More>>

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Developers turn attention to Midwest   21 Jan, 2015

Hotel buyers and developers are paying attention to the Midwest now.More>>

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Luxury makes a stirring comeback   21 Jan, 2015

The appetite for high-end lodging appears to be gushing as developers hunt for projects.More>>

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DelMonte Hotel Group closes on sale of four Fairfield properties   21 Jan, 2015

The DelMonte Hotel Group has closed on the sale of four of its Fairfield Inn properties. Effective January 21, the hotels will be owned and managed by Vision Hotels. This sale marks the company’s first large-scale strategic divestiture in its history. A sale price was not disclosed.More>>

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Blackstone cashing out of Chicago area Marriott   21 Jan, 2015

Blackstone Group is reportedly selling the 184-room Marriott Chicago Southwest in Burr Ridge, Ill., to an investment firm based in Louisville, Ky., about two years after it acquired the distressed asset. The purchase price was not disclosed. More>>

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Deals roundup: Top transactions in UK, Malta   20 Jan, 2015

In the last week alone, four notable deals were signed for hotels in the UK, and two for the intimate island of Malta. Here's what you might have missed on these two evergreen markets.More>>

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AHT shells out $43.5M for Memphis Marriott East   20 Jan, 2015

Ashford Hospitality Trust has signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for $43.5 million in cash, or $187,500 per key. The acquisition is expected to close within the next 30 days. The property will subsequently be managed by Remington Lodging.More>>

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Radisson Blu Hotel in Edinburgh sold in record deal   19 Jan, 2015

The Radisson Blu Hotel on Edinburgh's Royal Mile in Scotland has been sold to German investment firm Deka Immobilien GmbH for an undisclosed sum. The deal for the hotel, which had invited offers of £59 million, is said to be “the largest hotel transaction in Scotland since 2007.”More>>

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Corinthia Group investment arm to acquire Malta's Island Hotels   16 Jan, 2015

Regional consolidation continues. The latest news comes out of Malta, where International Hotel Investments (IHI), the investment arm of the Corinthia Group, has signed a conditional agreement to acquire the assets and operations of Island Hotels Group, which operates two Radisson Blu hotels in...More>>




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