Investment
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Trendy Mondrian Soho hits the sale block; most likely to bring in north of $200M   18 Dec, 2014

The 270-room Mondrian Soho is on the auction block, The Real Deal reports. This following foreclosure proceedings launched in January 2013 by lender German American Capital Corporation. The Manhattan hotel on Crosby Street in Soho, will be sold at a sale scheduled for January 7, 2015, according to...More>>

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REIT LaSalle acquires Portland's Heathman Hotel   18 Dec, 2014

One of Portland's more well-known hotels has a new owner. Bethesda, Md.-based REIT LaSalle Hotel Properties has acquired the Heathman Hotel, reports the Portland Business Journal, which adds that long-time GM Chris Erickson, who had been at the property since 2006, and DOSM Stephen Galvan were...More>>

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Ireland's Dalata makes splashy €455-million buy   18 Dec, 2014

Dalata, which operates 38 hotels comprising 6,000 rooms solely in Ireland, is set to acquire most of the Moran Bewley’s Hotel Group for a reported €455 million, or around US$560 million. Dalata is acquiring nine of the Moran hotels, comprising 2,506 rooms in Ireland and Britain. More>>

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HREC arranges sale of Sheraton Denver Tech Center   17 Dec, 2014

HREC Investment Advisors successfully brokered the sale of the Sheraton Denver Tech Center, in Greenwood Village, a suburb of Denver, representing the seller of the 263-room full-service hotel. The selling group consisted of funds affiliated with Varde Partners, Waramaug and Interstate Hotels. More>>

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Hyatt sells Toronto Park Hyatt for $90M   17 Dec, 2014

Oxford Properties Group has purchased the 346-room Park Hyatt Toronto hotel from Hyatt for approximately US$90 million or $260,000. Oxford intends to spend approximately $25 million more in additional capital expenditures over the next five years. Hyatt will continue to operate the hotel. More>>

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L.A.'s Ace hotel hits the market less than a year after opening   17 Dec, 2014

Now you can be the owner of one of the hipper brands on the market. Word out of Los Angeles is that the Ace hotel there is on the market. This according to the Los Angeles Business Journal, which writes that the owner, Greenfield Partners, is seeking $550,000 per room for the 182-room hotel.More>>

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Dublin offers value for high-end hotel developers   16 Dec, 2014

The city's economic recovery is well underway, and a new report from global hotel consultancy HVS London indicates that Dublin has many opportunities for hotel developers, particularly in the luxury and economy sectors, according to.More>>

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Blackstone makes big investment in Singapore   16 Dec, 2014

Investment group Blackstone and Malaysia's CIMB Bank will invest in three Sentosa Cove properties in Singapore owned by City Developments (CDL), including the W Singapore hotel, in a complex transaction valued at S$1.5 billion, or around US$2 billion.More>>

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Newly acquired Louvre Hotels to invest heavily in India   16 Dec, 2014

Louvre Hotels Group, recently acquired by Jin Jiang International Holdings, China's biggest hotel company, will reportedly invest over $100 million in the Indian hospitality space over the next three years, a top company executive told The Economic Times.More>>

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For $430 million, IHG buys a boutique hotel chain   16 Dec, 2014

Amid a rumor mill that churns out speculative reports of stockholders pushing for a sale of InterContinental Hotels Group, the UK-based hotel operator has made an acquisition of its own, acquiring Kimpton Hotels & Restaurants Group for $430 million. More>>




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