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Holding company to open 15 new AccorHotels in Saudi Arabia   5 Nov, 2015

The Jeddah-based Alesayi Group holding company is extending its partnership with AccorHotels to open at least 15 new Adagio aparthotels in Saudi Arabia, to be developed over the next five years.More>>

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Ireland's tallest hotel goes on the market   5 Nov, 2015

Kieran Wallace of KPMG has put Limerick’s Clarion Hotel on the market, asking more than €3.5 million. The 17-story building, reportedly Ireland’s tallest hotel, is being offered for sale by private treaty.More>>

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Three hotels up for grabs Down Under   4 Nov, 2015

Two properties in Australia and one in New Zealand are on the market as Lantern Hotels looks to divest itself of its non-core assets. More>>

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AXA commits £90M for new NH London hotel   4 Nov, 2015

AXA Investment Managers - Real Assets has committed, on behalf of a U.S. pension fund, to the acquisition of the shell and core from the Berkeley Group, and to undertake the fit-out of a new hotel complex in central London, representing a total investment of an estimated £90 million. Construction...More>>

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Why Canada's sale of its former Greek embassy is important   4 Nov, 2015

The government of Canada sold its former embassy building in Athens for €4 million to a subsidiary of Turkish conglomerate Dogus Holding, MK Mykonos Hotel Company. But the deal is important simply because so few deals are happening at all.More>>

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After Jupiter purchase, Singha wants more UK hotels   3 Nov, 2015

Thailand's Singha Estate Pcl., the property arm of Singha Corporation, is reportedly in talks to buy more hotel assets in the United Kingdom, after the acquisition of U.K.-based Jupiter Hotels for £155 million.More>>

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UAE's Nakheel partners with Thailand's Centara for new Dubai resort   3 Nov, 2015

The upscale beachfront resort, which would have its own waterpark, would be the first Centara establishment in the UAE. Nakheel’s joint venture with Centara is the latest development in the company’s aggressive expansion into Dubai’s hospitality sector, with 10 hotels planned at locations...More>>

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Are Japan's smaller cities seeing increased hotel interest?   3 Nov, 2015

Just months after a Japanese resort president mentioned interest in expanding into smaller cities, another Tokyo-based real estate company has purchased the Hotel Banso in Hokkaido.More>>

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Why now is the time to invest in Myanmar   2 Nov, 2015

Political stability and a more open economy has made Myanmar a target for foreign direct investment, particularly on the hospitality front, as tourism increases in the face of a shortage of quality hotel product. Here's the case for FDI in the country and what some U.S. hotel companies are already...More>>

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Chinese construction company drops $137M for California Hyatt   2 Nov, 2015

SCG America, the U.S. arm of the giant Shanghai Construction Group, acquired the 656-room Hyatt Regency Orange County. The seller, Xenia Hotels & Resorts real estate trust, paid $112 million for the hotel in 2008, near the previous real estate peak. More>>

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