Publications
blank Newswire
Starwood Capital Group, Melia acquire Spanish resorts through new joint venture   5 Mar, 2015

Global private investment firm Starwood Capital Group and Melia Hotels International established a joint venture that has agreed to acquire a collection of hotels across key resort locations in Spain.More>>

blank Newswire
NH tops market expectations with 76-percent bottom-line improvement   5 Mar, 2015

NH Hotel Group reported bottom-line improvement of 76 percent during year one following the implementation of its business plan. This set of earnings tops the market's expectations in a year marked by investments and the rollout of initiatives designed to transform the group, including the launch...More>>

blank Newswire
Lotte Group to invest $140 million in construction of St. Petersburg hotel   5 Mar, 2015

The Korean Lotte Group, the owner of the famous Lotte Hotels & Resorts hotel group, is set to open a new hotel in St. Petersburg in 2017. Shin Dong Bin, chairman of the board of the company, says the project will provide visitors and residents of St. Petersburg with a top-tier classic luxury hotel....More>>

blank Newswire
The Setai Miami Beach has new owners   5 Mar, 2015

The Setai Miami Beach has announced it has new owners-- Nakash Holdings and the von Furstenberg family. Nakash Holdings is a privately held investment company controlled by the founders of Jordache Enterprises, of designer jeans fame. Financier Alex von Furstenberg and family are partnering with...More>>

blank Newswire
PMZ Realty Capital arranges $10-million non-recourse loan for Hampton Inn & Suites Jacksonville South   5 Mar, 2015

PMZ Realty Capital, a national boutique real estate investment banking firm, has arranged a $10-million non-recourse loan for the Hampton Inn & Suites in Jacksonville, Fla. The loan has a low fixed interest rate for 10 years and the closing was completed within 30 days to pay off the existing loan.More>>

blank Newswire
Motel 6 gets in on lodging growth boom in Latin America   4 Mar, 2015

Motel 6 is upgrading thousands of rooms and entering new markets in Latin America, where its parent company, G6 Hospitality, broke ground last month on its first hotel.More>>

blank Newswire
L.A. developer offers to buy former Revel Casino Hotel   4 Mar, 2015

Los Angeles developer Izek Shomof made an 11th-hour bid to buy Atlantic City’s former Revel Casino Hotel. Shomof submitted a letter of interest to Revel AC, offering to buy the casino for $80 million. He is reviving the former Rialto Theater in South Pasadena, as well as the former Sears building...More>>

blank Newswire
David Geffen sells Malibu Beach Inn for nearly $80 million    4 Mar, 2015

Hollywood studio mogul David Geffen sold the 47-room Malibu Beach Inn for nearly $80 million, or $1.7 million per room, the highest valuation by this measure for any California hotel. The buyer is West Hollywood-based real estate investors Simon and Daniel Mani of the Mani Brothers Real Estate...More>>

blank Newswire
IHG to develop 10 hotels in Germany   4 Mar, 2015

InterContinental Hotels Group (IHG) signed a multiple development agreement with Interstar to develop 10 hotels in Germany by 2019. The agreement enables Interstar, as a first-time IHG franchisee, to develop hotels across IHG’s Holiday Inn and Holiday Inn Express brands.More>>

blank Newswire
American Realty Capital Hospitality Trust acquires 116 Hotels for $1.8B   3 Mar, 2015

Subsidiaries of W2007 Grace Acquisition I and WNT Holdings completed the sale of 116 hotels to affiliates of American Realty Capital Hospitality Trust for a combined purchase price of approximately $1.808 billion. More>>




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