Investment
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Hotel development pipeline in Sub-Saharan Africa   16 Apr, 2014

New research from Lagos-based consultancy W Hospitality Group has revealed a significant divergence in activity when it comes to hotel development in Africa. For the first time since the survey began in 2009, the international and regional hotel chains are signing more deals in sub-Saharan Africa. More>>

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Wheelock to buy Singapore developer Hotel Properties   15 Apr, 2014

The Wall Street Journal reported that the bid was led by Hotel Properties managing director Ong Beng Seng and Wheelock Properties (Singapore) as the latest in a series of acquisitions this year by large shareholders seeking full control of Singapore-based property firms.More>>

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NGKF Hotels sells two New England Best Western properties   15 Apr, 2014

The 92-suite Best Western Plus Roundhouse Suites was purchased by Dev Hospitality; and, the Best Western Plus Black Rock, a 60-room hotel at 100 Kings Highway Cutoff in Fairfield, Conn, was purchased by Black Rock Acquisition. Bhavesh "B.J." Patel, Rick Besse, Jonathan Kule and Garrett Stoffels...More>>

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Denihan Hospitality to split into two business units, announces management changes   15 Apr, 2014

The decision to restructure was made after months of planning that considered growth and customer strategy, brand positioning and financial performance. Denihan Investments, led by Denihan as CEO, will make financial investments in hotels with other partners and secure new management contracts for...More>>

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Gemini Real Estate Advisors acquires two hotels to be rebranded under the Jade Hotel portfolio   15 Apr, 2014

The hotels, which will be designed to align with the boutique lifestyle brand, are located in Manhattan's Seaport district and Florida's Miami Beach. These developments will become the third and fourth Jade properties, following the successful Jade Greenwich Village and under construction Jade...More>>

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Airport hotel near Dublin, Ireland, up for sale   14 Apr, 2014

The Metro Hotel and 30 adjoining apartments at Santry Cross in Ballymun, an area on Dublin's Northside close to Dublin Airport, has gone on sale with a list price of around $7.6 million. More>>

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Virgin Limited Edition adding to its portfolio   14 Apr, 2014

Virgin Limited Edition, Sir Richard Branson’s luxury collection, has reached a preliminary agreement to purchase the Mont Rochelle Hotel and Mountain Vineyard in South Africa. A purchase price was not disclosed.More>>

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Market trends, fundamentals, still in hoteliers favor   14 Apr, 2014

The going is still good for those vested and invested in the hotel industry. Such was the tone at a recent seminar hosted in Manhattan.More>>

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WestCap Investments agrees to purchase Maryland Red Roof   11 Apr, 2014

WestCap Investments Corp., a capital pool company, has acquire the Red Roof Inn in Linthicum Heights, Md., for $8.5 million. The three-story property has 132 rooms, was built in 1986 and renovated in 2013. More>>

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Accor to manage Nakheel's Dragon Mart hotel    11 Apr, 2014

Dubai-based master developer Nakheel has signed a management agreement with Accor for its 250-room hotel at Dragon Mart in Dubai. The hotel, one of nine planned by Nakheel over the next five years, will be managed by Accor under the ibis Styles brand.More>>




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