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Turkey entices foreign investment amid uncertain economy   2 Jul, 2015

Turkey is feeling strain from an enervating economy and taking regulatory measures to help shore it up. On Wednesday, the World Bank cut its growth forecasts for Turkey as uncertainty over who will govern exacerbated the country's economic weaknesses and vulnerability to global liquidity...More>>

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TRU Hotels purchases Northern Ireland's Lough Erne Resort   2 Jul, 2015

A U.S. investment group led by Vine Avenue Advisors, LLC, and TRU Hotels and Resorts has completed the purchase of the Lough Erne Resort. More>>

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Colombian billionaire pays €190M for Madrid's Hotel Villa Magna   2 Jul, 2015

The sale is reportedly one of the largest in recent memory for Madrid, and has put the city's hotel prices on par with those in New York and London.More>>

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Bev company Diageo sells Scotland's Gleneagles   2 Jul, 2015

Scotland’s Gleneagles hotel, which has hosted the Ryder Cup and the G8 summit, has been sold by beverage giant Diageo to UK-based private investment group Ennismore, which owns two Hoxton-branded hotels in London and another in Amsterdam. It is also developing sites for new Hoxton hotels in Paris...More>>

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Singapore-based REIT acquires Element hotel in Manhattan   2 Jul, 2015

Singapore's Ascott Residence Trust is buying in New York. The REIT is reportedly set to acquire the 411-room Element New York Times Square West hotel for $163.5 million. It would mark the group's first U.S. acquisition. The hotel will continue to be operated under the Element brand through a...More>>

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Here's why Sydney is the capital for Asia-Pacific hotel investment   2 Jul, 2015

Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels. As JLL points out, in just the past 22 months, there were more than $1.5 billion in hotel sales. The extraordinary level of transaction volume has been driven by a number of...More>>

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Calif.-based Palisades acquires Palm Springs' Colony Palms Hotel in JV   1 Jul, 2015

Palisades Hospitality Group, which operates more than 30 resort, hotel and restaurant properties across leisure destinations in California, Hawaii and Mexico, and CovoCapital, a real estate investment company based in San Francisco, have jointly purchased the Colony Palms Hotel, in Palm Springs,...More>>

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Five challenges (and some benefits) of doing business in Cuba    1 Jul, 2015

As U.S. and Cuban embassies appear poised to return to both Havana and Washington for the first time since the Eisenhower administration, here are five challenges—sprinkled in with some benefits—international businesses will need to overcome as they look to expand and develop within Cuba.More>>

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Unicorn takes over management of Thailand resort   1 Jul, 2015

Unicorn Hospitality has penned an agreement to manage the Maekok River Village Resort in Chiang Mai. The deal for the 36-room eco-lodge supports part of the company's strategy to focus of small and medium-sized boutique properties in Thailand.More>>

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CG Hotels & Resorts expands portfolio in India   1 Jul, 2015

CG plans to expand its hospitality portfolio to about 5,000 rooms in India in the next five years. The group, which recently acquired a majority stake in Indian hotel company Concept Hospitality, operates 1,592 rooms across 27 properties under its Fern branded hotels in the country. More>>

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