Investment
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Goldman Sachs to buy loan on Belfast's Merchant Hotel   21 Oct, 2014

Goldman Sachs is making a substantial investment in Northern Ireland with a deal to buy loans on Belfast's Merchant Hotel and other assets from Ulster Bank, reports The Telegraph. The investment bank is the preferred bidder to buy loans relating to the Cathedral Quarter hotel and four others after...More>>

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Rhode Island group sells two select-service Manhattan hotels   21 Oct, 2014

Rhode Island-based hotel investment and management firm Magna Hospitality Group has sold two Midtown hotels for a total of $135.2 million, according to property records filed with the city, and as reported by Real Deal. The hotels are the Holiday Inn Express Herald Square and the Hampton Inn United...More>>

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Starwood sells The St. Regis, Rome, continues asset-light focus   21 Oct, 2014

One of Rome's most luxurious hotels is now under new ownership. Starwood Hotels & Resorts Worldwide has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for €110 million or approximately $150.7 million.More>>

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Tune Hotels unveils big expansion plans   20 Oct, 2014

Tune Hotels has unveiled plans to open up to 25 new properties by 2020, amounting to a further £200 million in the UK. The announcement comes as the select-service hotel group opens its sixth UK property in Newcastle this week. More>>

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Alpha Bank plans to sell Athens Hilton   20 Oct, 2014

Alpha Bank reportedly will soon announce the agreement for the sale of Athens’ Hilton Hotel in Greece, which is currently the property of Ionian Hotel Enterprises, an Alpha Bank subsidiary. The interested buyers are reportedly Oaktree Capital Group and Jermyn Street Real Estate Fund.More>>

A king guestroom at the 126-room Hyatt Place Detroit/Novi, which opened last August. Newswire
The Motor City starts to rev it up   20 Oct, 2014

Detroit showing signs of hotel revivalMore>>

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Red Roof Inn's CDO on the economy brand's expansion plans   20 Oct, 2014

Red Roof Inn’s CDO Phil Hugh details development plans for the economy brand, how to take the chain to the next level, its new design prototypes and his view on the segment as a wholeMore>>

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Openings   20 Oct, 2014

A look at the new hotel openings around the globeMore>>

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Urban and dual-branded projects keep extended-stay going strong   17 Oct, 2014

A look at analyst forecast of healthy momentum for extended-stay category heading into 2015.More>>

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Dubai's Atlantis signs increased $1.1bln loan deal    17 Oct, 2014

Dubai's Atlantis resort has refinanced an $880-million loan to take advantage of favorable market conditions and secure a better interest rate, the company told Reuters and as reported by Arabia Business. The loan was also increased in size to $1.1 billion.More>>




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