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Trump to sell Canada hotel, plans 30 openings by 2020   28 Aug, 2014

Maxfine said external borrowings and internally generated funds would be used in the acquisition. The decision to purchase the hotel comes from a push from TA Global to build on its hospitality business, which is looking to gain more footholds in major cities internationally.More>>

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Northview Hotel Group acquires the Hotel Madeline Telluride   28 Aug, 2014

The acquisition of Hotel Madeline Telluride marks the Partnership's fourth joint venture in the past 18 months. Northview will operate the hotel on behalf of the Partnership, as well as oversee multiple, proposed capital improvements projects and the sale of the residences. Northview was...More>>

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HFF arranges financing for Hyatt Place Houston/Sugar Land   28 Aug, 2014

Working on behalf of the borrower, Noble Investment Group, HFF placed the five-year, floating-rate loan with Texas Capital Bank. The HFF debt placement team representing the borrower was led by managing director John Bourret and director Colby Mueck.More>>

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The ME Miami Melia Hotel to open spring 2015   27 Aug, 2014

Owned by the private-equity, alternative investment manager, CGI Merchant Group, the downtown property will take over the current location of Casa Moderna Hotel at 1100 Biscayne Boulevard. The hotel will be near the Zaha Hadid's new project and the new Miami World Center, which will include a...More>>

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Atlantic City faces property tax fallout, displaced workers from closing casinos   27 Aug, 2014

Atlantic City is now in damage control mode, with mayor Don Guardian laying out plans to expand the city's economy beyond casinos to beat the downturn as competition intensifies from neighboring states. The city could see a shift to focus more on meetings and events, as well as non-gambling...More>>

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Hong Kong-based Shui On Land to sell Shanghai hotel assets for $256M   27 Aug, 2014

Shui On agreed to sell The HUB Hotel, set for completion in 2015, for $157 million to Hong Kong-based property firm Great Eagle Holdings. Great Eagle is also buying Shui On's stake in an investment company that part-owns Langham Xintiandi Hotel for as much as $97.6 million.More>>

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Aspen Skiing Co. to invest $100M in Limelight Hotel development in Snowmass, Colo.   27 Aug, 2014

Aspen Skiing Co. signed a purchase and sales agreement last week with hotel developer Related Colorado. SkiCo officials originally proposed a hotel last year but withdrew in March because of too many unknowns out of their control.More>>

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Marcus & Millichap sells two hotel properties in Denton, Texas   27 Aug, 2014

The properties include an 88-room La Quinta Inn & Suites and a 92-room Holiday Inn Express & Suites. Chris Gomes, VP investments in Marcus & Millichap's Dallas office, and Allan Miller, VP investments in the firm's San Antonio office, represented the seller, a Dallas-based company. The buyer is...More>>

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Radisson opens convention-center hotel in Fresno, Calif.   27 Aug, 2014

HI Fresno Hotel Holdings, LLC owns the 197-room hotel, which is located in the heart of downtown Fresno. The hotel offers complimentary high-speed Internet access throughout the property, 24-hour fitness and business centers, a heated outdoor pool, event space, a full-service restaurant and...More>>

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How Accor is bucking the asset-light trend    26 Aug, 2014

Accor announced that HotelInvest, the group's hotel owner and investor business, has purchased a portfolio of 13 UK hotels from Tritax for a total of €89 million (around $117 million). The hotel company, which operates mostly in the economy and midscale segments, is looking to acquire real...More>>




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