Investment
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My Place Hotels opens flagship in Aberdeen, South Dakota   22 May, 2015

The new flagship hotel will soon host the brand's training headquarters on the first floor. Upon completion of development, My Place University will be unveiled and offered a resource for My Place Hotel owners and operators from across the nation. More>>

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​Banyan Investment Group, Investra Investments purchase Albany Hampton   22 May, 2015

The property will undergo a multi-million dollar renovation during the next few months that are reportedly expected to meet or exceed the architectural and design standards specified by Hilton Worldwide. More>>

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TRYP by Wyndham to enter the Philippines   22 May, 2015

Under the terms of the agreement with franchisee Microtel Inns & Suites (Pilipinas) Inc., at least eight TRYP by Wyndham hotels will be developed in the country over 10 years, with the first property expected to open at the Mall of Asia in Pasay City in 2016. More>>

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Kansas City approves financing for Hyatt convention hotel   22 May, 2015

The vote came one day after a council committee endorsed the outlines of the city's financial partnership with private investors.​ The full council vote keeps the proposal on the fast-track. It is next scheduled to be reviewed by the city's Tax Increment Finance Commission on June 30.More>>

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Mandarin Oriental joint venture buys Madrid's Hotel Ritz   22 May, 2015

As part of the deal, Mandarin Oriental and Olayan will each hold 50 percent interest in the joint venture, which is purchasing all of the shares in owning the Hotel Ritz from existing shareholders Belmond Spanish Holdings and Landis Inversiones.More>>

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Oaktree Capital buys remaining interest in London Hilton   22 May, 2015

Property investment and development business Quintain accepted the offer for its 50-percent interest in the 361-room Hilton hotel at Wembley Park for a gross consideration £40m. The hotel opened in July 2012.More>>

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Ashford Hospitality acquires nine-hotel portfolio   22 May, 2015

Ashford Hospitality closed out the week picking up nine hotels in seven states for $224 million. As part of the transaction, the properties will be managed by Remington Lodging.More>>

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Starboard buys 5-hotel portfolio in England   22 May, 2015

The five hotels, in Gatwick, Marsh Mills Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, total 469 bedrooms. They will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.More>>

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Cerberus Capital affiliate sells Silverleaf Resorts   21 May, 2015

Orange Lake Holdings purchased Silverleaf, a vacation-ownership company with 13 properties throughout the U.S. with approximately 120,000 timeshare property owners. The transaction closed on May 18, 2015. Cerberus acquired Silverleaf Resorts in May 2011.More>>

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The U.K.'s Royal Clifton Hotel sold after 30 years of operation   21 May, 2015

Tim Timmerman sold the hotel to D'Urberville Hotels Ltd. The hotel was valued at $6.2 million, and was operated by the same owner for over 30 years. More>>




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