Investment
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Sydney's Hotel Bondi goes on sale   29 Jul, 2014

One of Sydney's most famous hotels, the Hotel Bondi, is on the market. JLL was tapped by the seller to handle the sale. The 37-room property last went through a renovation in 2013 at a cost of $6 million. It's located in the middle of Campbell Parade overlooking Bondi Beach.More>>

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Noble Investment scoops up Miami SpringHill   29 Jul, 2014

Noble Investment Group has acquired the SpringHill Suites by Marriott Miami Airport South. The property, which recently completed a comprehensive renovation, will be the second Miami hotel in Noble's portfolio. More>>

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Laurus Corp. buys Marriott in Woodland Hills, Calif.   29 Jul, 2014

Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired the Marriott Warner Center hotel in Woodland Hills, Calif., for an undisclosed amount. Plans call for a $10-million renovation of public areas and guestrooms.More>>

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Value Place in Little Rock sells for $4 million   28 Jul, 2014

A 121-room Value Place hotel in West Little Rock, Ark., has been sold for $4.08 million, reports Arkansas Business. Value Place Little Rock AR West bought the Value Place Hotel at 21 Remington Drive from VP Partners 2 LLC. More>>

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Starwood Capital continues European push   28 Jul, 2014

Starwood Capital has been busy in Europe—snatching up hotels and selling others. The latest buy is also the biggest deal for a hotel to go down in Edinburgh, Scotland since 2007. More>>

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Q2: Pebblebrook raises outlook on higher rates and occupancy   25 Jul, 2014

Bethesda-based Pebblebrook Hotel Trust had a heady second quarter, reporting high occupanies and even higher room rates. Pebblebrook had second-quarter net income of $16.6 million compared to $8.7 million. Funds from operations rose to 56 cents per share, from 43 cents.More>>

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This week's hotel sales—and what's for sale   25 Jul, 2014

The end of the week brought some big hotel transactions and some interesting listings. Here's a recap of the week that was, and what the future holds. More>>

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Cobblestone breaks ground on 11th Nebraska hotel   24 Jul, 2014

Cobblestone Hotels along with the City of Cambridge, Neb., celebrated the ground breaking of the future Cobblestone Inn and Suites there. Cobblestone Hotels currently has six hotels in the building and development stages in Nebraska and thirteen hotels under construction in the U.S.More>>

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Langham on the prowl for Australia hotels   24 Jul, 2014

Hong Kong-based Langham Hotels will reportedly more than triple its size to 100 hotels within the next five years, with an Australian resort on the Queensland coast and a property in Perth in its sights, according to new company chief Bob Warman. More>>

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Indian billionaire makes play for London's Grosvenor House   24 Jul, 2014

Indian billionaire Cyrus Poonawalla has reportedly offered £550 million, or around $935 million, to acquire London's Grosvenor House hotel from Indian conglomerate Sahara Group, whose embattled chairman currently is in jail for alleged contempt of court.More>>




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