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New $35M Embassy Suites slated for San Antonio   9 Jan, 2015

Who says new-build hotel projects are dead? According to the San Antonio Business Journal, an Embassy Suites hotel will be developed at Brooks City Base in Southeast San Antonio after the Brooks City Base board of directors and Embassy Suites Franchise Executive Committee reached an agreement that...More>>

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DKN Hotels expands via buy of Wyndham Garden Ventura Pierpont   7 Jan, 2015

Irvine, Calif.-based DKN Hotels has acquired the 77-room Wyndham Garden Pierpont Inn in Ventura, Calif., for an undisclosed sum. The seller was Brighton Management. With the buy, DKN Hotels now has 12 properties in its portfolio. More>>

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Westin appears destined for new Buffalo project   6 Jan, 2015

A Westin hotel appears bound for Buffalo, as Delaware North, the global food service and hospitality company, prepares to bring the brand to its new downtown corporate headquarters tower now under construction, reports Buffalo News. More>>

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Starwood sells Philadelphia Airport Complex to The Lightstone Group   22 Dec, 2014

Starwood Hotels & Resorts Worldwide has completed the sale of the Philadelphia Airport Complex to The Lightstone Group. It is located one mile from the Philadelphia International Airport and consists of three Starwood properties: the 252-room Sheraton Suites Philadelphia Airport, the 177-room Four...More>>

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HREC arranges sale of Sheraton Denver Tech Center   17 Dec, 2014

HREC Investment Advisors successfully brokered the sale of the Sheraton Denver Tech Center, in Greenwood Village, a suburb of Denver, representing the seller of the 263-room full-service hotel. The selling group consisted of funds affiliated with Varde Partners, Waramaug and Interstate Hotels. More>>

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Hyatt sells Toronto Park Hyatt for $90M   17 Dec, 2014

Oxford Properties Group has purchased the 346-room Park Hyatt Toronto hotel from Hyatt for approximately US$90 million or $260,000. Oxford intends to spend approximately $25 million more in additional capital expenditures over the next five years. Hyatt will continue to operate the hotel. More>>

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Dublin offers value for high-end hotel developers   16 Dec, 2014

The city's economic recovery is well underway, and a new report from global hotel consultancy HVS London indicates that Dublin has many opportunities for hotel developers, particularly in the luxury and economy sectors, according to.More>>

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For $430 million, IHG buys a boutique hotel chain   16 Dec, 2014

Amid a rumor mill that churns out speculative reports of stockholders pushing for a sale of InterContinental Hotels Group, the UK-based hotel operator has made an acquisition of its own, acquiring Kimpton Hotels & Restaurants Group for $430 million. More>>

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IHG to expand Holiday Inn brand in Saudi Arabia    15 Dec, 2014

Intercontinental Hotels Group is looking to up its stake in Saudi Arabia. The company has signed a master development agreement with Saudi-based property and hotel developer Dur Hospitality Company for the franchise of a number of Holiday Inn & Suites.More>>

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Latest Accor deal to double group's footprint in China   15 Dec, 2014

Accor is seeking to up its stake in China. It has signed a strategic alliance with China Lodging Group to more than double the number of its hotels in the coveted Chinese market within five years.The alliance will reportedly bring together Accor's brands with China Lodging’s 1,900 existing hotels...More>>



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