Transactions
blank Newswire
Westin Sydney sold for $445.3 million   26 May, 2015

A joint venture between Singaporean developer Far East Land and the Hong Kong-listed Sino Land Co. purchased the 416-room property, which includes a significant amount of retail space. Seller GIC purchased the hotel for $160 million in 2002.More>>

blank Newswire
Ulster Bank to sell Irish hotels portfolio   26 May, 2015

Ulster Bank has agreed to the sale of its Project Coney portfolio to Sankaty Advisers, a U.S.-based affiliate of investment group Bain Capital. The portfolio comprises loans relating to 36 hotels and other commercial assets. It is not clear how much Sankaty paid, reports The Irish Times, but the...More>>

blank Newswire
Vancouver group acquires Fairmont Vancouver for $180M   26 May, 2015

Vancouver’s Fairmont Hotel has been acquired by West Vancouver-based Larco Enterprises for $180 million. The transaction of the 1939-built hotel pushes Larco’s hotel portfolio to 13 hotels, including eight in Ontario, four in Metro Vancouver and one in Las Vegas.More>>

blank Newswire
Starboard buys five ibis hotels from Accor   26 May, 2015

Hotel developer and operator Starboard Hotels has purchased five ibis hotels in the UK from HotelInvest parent company Accor, as part of a roughly $35-million portfolio sale of seven properties. The five hotels, in Gatwick, Plymouth, Birmingham Bordesley Circus, Sheffield and Leicester, total 469...More>>

blank Newswire
​Banyan Investment Group, Investra Investments purchase Albany Hampton   22 May, 2015

The property will undergo a multi-million dollar renovation during the next few months that are reportedly expected to meet or exceed the architectural and design standards specified by Hilton Worldwide. More>>

blank Newswire
Oaktree Capital buys remaining interest in London Hilton   22 May, 2015

Property investment and development business Quintain accepted the offer for its 50-percent interest in the 361-room Hilton hotel at Wembley Park for a gross consideration £40m. The hotel opened in July 2012.More>>

blank Newswire
Starboard buys 5-hotel portfolio in England   22 May, 2015

The five hotels, in Gatwick, Marsh Mills Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, total 469 bedrooms. They will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.More>>

blank Newswire
Oaktree Capital sells Hawaii's Fairmont Orchid for $200M   18 May, 2015

The Fairmont Orchid hotel on the Big Island of Hawaii has been sold to South Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, for $200.3 million. Mirae Asset formed Maps Orchid Hotel LLC for the ownership of the hotel, and the sale reportedly closed on Friday.More>>

blank Newswire
RFR looking to sell New York City's Paramount Hotel   18 May, 2015

While the asking price is reportedly "unclear," a person "familiar" with the matter told the newspaper that the iconic 1928 hotel could fetch between $350 million and $400 million. More>>

blank Newswire
Investors sign high-value deals in Vancouver   18 May, 2015

Several recent purchases in the first months of 2015 alone have crossed the $100-million mark, including January’s $168 million sale of the Delta Hotels and Resorts portfolio by the British Columbia Investment Management Corp. to Marriott International and the following month's sale of the...More>>




© 2015 Questex Media Group LLC. All rights reserved.
Reproduction in whole or part is prohibited.

Hotel Management ha+d The International Hotel Investment Forum Russia + CIS Central Asia +Turkey HOTEC North America Hotel & Tourism Investment Conference North Asia Investment Conference Asia Pacific Tourism Destination Conference