Investment
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Union Investment acquires Radisson Blu Wroclaw in Poland   4 Aug, 2015

The Radisson Blue hotel in Wroclaw, Poland, has a new owner. The hotel, developed by UBM Development AG and completed in 2002, was sold to Union Investment for its UniInstitutional European Real Estate fund. The purchase price was not disclosed. This is Union Investment's second acquisition in...More>>

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Ireland's NAMA-owened Glenroyal Hotel sold   4 Aug, 2015

The Glenroyal Hotel & Leisure Club in Maynooth, Co. Kildare has been sold for close to €10.5 million, the guide price set by CBRE, reports Hospitality Ireland. The hotel was purchased by UK property investors The Comer Group. The property was offered for sale on the instructions of receivers...More>>

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Australia's James Packer shows grit with global plan   4 Aug, 2015

Australia's James Packer has had a tough time expanding into the Las Vegas market. But if the fourth time is the charm, Packer and his Crown Limited resort and gambling empire will be positioned as a huge player on the global development stage. Here's a look at what he's doing now and what's to...More>>

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HVS: Hotels in China's fringe cities tend to perform better   3 Aug, 2015

New rules in China are reshaping the way investments in hotels perform. The results of a new study are, at times, surprising and may be important considerations for the hospitality industry looking at the large Asian market. More>>

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With new deals, Wyndham brings Howard Johnson to South Korea   3 Aug, 2015

Looking to leverage the rapid growth of tourism in South Korea, the Wyndham Hotel Group plans to open 12 new franchised properties over the next three years. The move would boost the group’s presence in the country by more than 200 percent. More>>

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Singapore's Bonvests buys Four Points in Perth from Host JV   3 Aug, 2015

Singapore-listed Bonvests Holdings has acquired the Four Points by Sheraton Perth hotel for a reported AUD$91.5 million, around USD $66 million, in reportedly one of the biggest hotel deals on the west coast of Australia. The hotel was sold by a JV between Government of Singapore Investment...More>>

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In-the-works Simplex sale shows why foreign investors are high on Japan   31 Jul, 2015

"The Land of the Rising Sun" is rising in popularity with foreign investors—and visitors. Hotel demand increasing in Japan, check. Japan property values on the rise, check. The confluence is leading M&A news with word that three U.S. investment funds are among those shortlisted for the second...More>>

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Cairns, Australia, sees hotel industry growth   31 Jul, 2015

In Australia, the northern Queensland city of Cairns is seeing a "revenue surge" in its hotel industry, credited to strong investments and a "thriving" tourism industry. More>>

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IHG signs InterContinental Bordeaux - Le Grand Hotel   31 Jul, 2015

The hotel, set to open later this year, will be the company's sixth property in France and will operate under a management agreement with Financière Immobilière Bordelaise.More>>

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Gleneagles sale boosts profits for former owner   31 Jul, 2015

While the sale amount was undisclosed, it has reportedly resulted in a profit of £73 million for the former owner, Diageo.More>>




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