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Wyndham set to expand Ramada brand in UK   1 Dec, 2014

Wyndham Hotel Group has signed a development agreement with UK-based Lester Hotels Group to open 20 Ramada hotels open across the UK over the next 10 years. The first two hotels—Ramada Resort Cwrt Bleddyn and Ramada Leicester Stage—are due to open next month, upping the number of Ramadas in the...More>>

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Accor to open three more hotels in Scotland   24 Nov, 2014

French-owned hotel operator Accor has announced plans to open three more hotels in Scotland, two in Edinburgh and one in Glasgow. As thew BBC reports, the new openings will bring the group's portfolio in Scotland to 21.More>>

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China continuation: Sunshine Insurance acquires Sydney Sheraton for large sum   24 Nov, 2014

Looks like China-based insurance companies sure have a taste for hotels, these days. Today we learn that Starwood Hotels & Resorts Worldwide has sold the Sheraton on the Park, in Sydney, Australia, to Sunshine Insurance Group Corporation AUS$463 million, which equates into around US$399 million....More>>

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Holiday Inn Staten Island open for business   18 Nov, 2014

M&R Hotel Management manages the newly constructed, 103-room, full-service hotel. The property is M&R's third hotel on the island, joining the 95-room Holiday Inn Express Staten Island West and the 93-room Comfort Inn.More>>

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Strand takes over management of Georgia Wingate   18 Nov, 2014

The 80-room hotel hosts a 2,700-square-foot conference center, a 750-square-foot boardroom, a free hot breakfast each morning, a seasonal outdoor pool, fitness center, business center and both king and queen guestrooms.More>>

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Mexican REIT FibraHotel acquires Sheraton property, expands Starwood relationship   18 Nov, 2014

FibraHotel, a real estate investment trust specialized in urban business-class hotels in Mexico, has acquired the Sheraton Ambassador Monterrey, adding 229 rooms to FibraHotel's portfolio. The transaction will represent a total investment of $13.5 million by FibraHotel, including a renovation over...More>>

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Marriott developing TownePlace in Estero, Fla., with assist from Hertz   18 Nov, 2014

Marriott is planning to open a TownePlace Suites in Estero, Fla., according to the News-Press. The 114-room hotel will be behind the Coconut Point Mall, which already has a 108-room Hyatt Place. Hertz's relocation of its global headquarters to Estero played a key role in the decision to develop a...More>>

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The Sheraton Arlington has a new owner    17 Nov, 2014

Urbana Varro, a national commercial real estate investment, development, and management firm, said it has acquired the 311-room Sheraton Arlington in Texas. A purchase price was not disclosed. The hotel is adjacent to the Arlington Convention Center and within walking distance to AT&T Stadium, home...More>>

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DiamondRock sells L.A. airport Marriott for $160M   17 Nov, 2014

DiamondRock Hospitality Company has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott. This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the Company in late 2013. More>>

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IHG reportedly seeking $1 billion for Hong Kong property   17 Nov, 2014

Hotels selling for upwards of $1 billion is on an upward trend. First The Cosmopolitan, then the Waldorf Astoria and now, maybe, the InterContinental Hong Kong. The hotel's owner, IHG, is reportedly seeking at least $1 billion for the property.More>>



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