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Landmark Hotels and Suites looks to expand in UAE   29 Jun, 2015

Dubai-based Landmark Hotels and Suites is set to launch four Middle East hotels under its mid-market brand over the next 12 months. More>>

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Gleneagles Hotel may sell for £200 million this week   29 Jun, 2015

London hotel owner Ennismore Capital may be the purchaser of the Perthshire landmark, which was acquired originally in the privatization of British Rail's hotels in 1982 and was subsequently sold to Bell's and Guinness.More>>

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Carlson Rezidor takes over three Mauritius hotels    29 Jun, 2015

Mauritius realty company Bluelife Ltd. has entered into a partnership with the Carlson Rezidor Hotel Group, with three subsidiaries of the former to be placed under the management of the latter. More>>

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Ashford Hospitality to purchase Minneapolis W and Le Meridian hotels for $101M   29 Jun, 2015

The W Minneapolis Hotel - The Foshay and Le Meriden Chambers Minneapolis will be purchased by Ashford Hospitality Trust Inc. More>>

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Sale of London, New York hotels blocked by new lawsuit   24 Jun, 2015

The attempted sale of London's Grosvenor Hotel and New York's Plaza and Dream hotels by an Indian conglomerate hit another snag this week when a Hong Kong investment company claimed it was unfairly shut out of the deal.More>>

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FRHI Hotels owners look to sell luxury hotel operator   24 Jun, 2015

FRHI operates 116 hotels with nearly 44,000 rooms in 34 countries. The list includes some historic luxury properties like New York’s Plaza Hotel, the Peace Hotel in Shanghai and the Savoy in London.More>>

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Hilton signs deal to open DoubleTree Resort in Penang, Malaysia   23 Jun, 2015

Hilton has entered into an agreement with Pinnacle Nexus Sdn. Bhd. for the opening of a DoubleTree Resort in Penang.More>>

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Morgans Hotel Group set to sell?   23 Jun, 2015

Following two years of financial losses, leadership turnover and shareholder battles, Morgans Hotel Group – which owns the Delano, Mondrian and Hudson Hotel brands – may be close to being sold. More>>

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Piedmont Hospitality Fund acquires Florida Hyatt Place   22 Jun, 2015

The Fund purchased the hotel for $10.75 million from Peachtree Hotel Group in Atlanta. The property will be managed by BPR Management, which will also manage the brand-mandated $1 million property improvement plan to be completed over the next 30 months.More>>

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Hampton Inn & Suites in Yuma, Ariz., sold   19 Jun, 2015

The 90-room hotel sold for $7.4 million. The property, which was purchased by a partnership, is located near the Marine Corps Air Station Yuma and United States Army Yuma Proving Ground. Marcus & Millichap brokered the deal.More>>




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