Investment
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Dunes Club in Palm Springs joins RCI   29 Aug, 2014

Owners and RCI subscribing members who visit The Dunes Club can enjoy an experience in the private gated community of the Bermuda Dunes Country Club, the original home of the PGA Bob Hope Classic. The boutique-style residence club is a haven for golfers looking for a high-end experience in...More>>

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Hony Capital to buy a $246M stake in Jin Jiang Hotels   28 Aug, 2014

Hony Capital, which manages approximately $7 billion, will buy 100 million shares in Shanghai Jin Jiang at $2.45 a share, a 23-percent discount to the company's closing price on Thursday of $3.18. That will give Hony Capital a 12.43 percent stake in Shanghai Jin Jiang, making it the largest...More>>

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Jerry Schwartz purchases Sydney Sofitel for $368, plans to add heliport   28 Aug, 2014

The 616-room property, which has yet to be built, was developed by Lend Lease and will be operated by Accor, according to the Property Observer. The 35-floor hotel forms part of the $2.5-billion international convention, exhibition and entertainment precinct Lend Lease is developing for Sydney's...More>>

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The Mayflower Renaissance Washington, D.C., to undergo a $20M update   28 Aug, 2014

The overhaul, which begins in in mid-October, is expected to be completed by mid-March. The hotel plans to remain open during renovations. It has been approximately 10 years since the Mayflower's last renovation.More>>

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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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