Investment
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Ireland's Kilternan Hotel sold at 96-percent discount   12 Aug, 2014

Quite a good deal for UK's Comer Group, which reportedly acquired the partially built Kilternan Hotel & Country Club in south Dublin for a staggering 96 percent less than its orgiginal value. The new owners are believed to have paid about €7 million for the complex, which Irish Nationwide spent...More>>

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Trump could make substantial Indian investments on back of new PM   12 Aug, 2014

A Reuters report says that Donald Trump is planning "substantial investments" in India's property and hotel sectors, betting on Prime Minister Narendra Modi-led new government's efforts to revive the economic growth and boost infrastructure.More>>

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UK hotel M&A explodes in first half of year   12 Aug, 2014

There's little doubt: the UK is a hot hotel market, and will continue to be. That's according to new figures from Deloitte, which show that hotel transaction activity across the UK saw a 65-percent rise in the first half of this year compared with the last six months in 2013, totaling around £1.5...More>>

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China's Wanda Group acquires tony parcel of Beverly Hills   11 Aug, 2014

Wanda Group has won the bid for a plot of land located at 9900 Wilshire Boulevard in Beverly Hills and the company said it plans to invest $1.2 billion to construct a mixed-use development. Wanda reportedly bested more than 10 bidders from Asia and North America for the project.More>>

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Guam may soften tax rules to entice investment   11 Aug, 2014

In a bid to attract more hotel development, Guam is looking to change the qualifying certificate program, which grants tax breaks to investors to invest on the island. Guam Economic Development Authority Business Development and Marketing Manager Tina Garcia said the authority's board is reviewing...More>>

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Liverpool Novotel changes hands in a deal worth $22M    11 Aug, 2014

The Novotel Liverpool Centre has been sold to Brussels-based investor Algonquin by business services provider Chantrey Vellacott for around $22 million. Administrators from Chantrey Vellacott took over running the hotel from former owner the Pedersen Group last October after appointment by the...More>>

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Thayer buys Dallas Palomar, rebrands it, to join Hilton's Curio   8 Aug, 2014

The Hotel Palomar in Dallas has new ownership and a new name. The 198-room hotel has been acquired by Thayer Lodging Trust for an unspecified amount, and been renamed The Highland Dallas Hotel. It will be affiliated with Hilton, and reportedly will be part of its new Curio collection.More>>

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Chinese investment group buys L.A. hotel next to Staples   7 Aug, 2014

Shenzhen Hazens Real Estate Group Co., one of the largest development companies in China, has purchased the Luxe City Center Hotel and two adjacent parcels for $105 million, reports the L.A. Business Journal. The hotel property was sold by Beverly Hills developer Emerik Properties Corp.More>>

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IHG to sell Le Grand Hotel Paris for $442 million   7 Aug, 2014

Multiple outlets are reporting that InterContinental Hotels Group has received a $442-million cash offer from Constellation Hotels Holding Ltd. for its Le Grand hotel in Paris. Constellation was also the buyer of the InterContinental London Park Lane and made a majority investment in the...More>>

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Big-tickets deals on the rise   7 Aug, 2014

Peak hotel price tags show a healthy real estate market moving forward. In fact, the U.S. hotel industry broke deal records in late 2013 with several deals exceeding $1 million in price per room. More>>




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