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Australia's Hilton Surfers Paradise on the market for $60M   17 Mar, 2015

The hotel sale includes four food and beverage outlets, day-spa facilities, a pool deck, 89 parking spaces and the ­management rights to the Hilton Residences pool. The deadline for interest in the property is April 16.More>>

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HFF secures $40M in financing for Miami's Park Central Hotel   17 Mar, 2015

HFF worked on behalf of the borrower, Park Central Partners, an entity of Optimum Asset Management, to secure the three-year, floating-rate, senior real estate construction loan through BB&T Real Estate Funding.More>>

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New York City could reach $3bln in foreign investment in 2015   16 Mar, 2015

Overseas buyers will no doubt be making big investment plays in New York City's hotel market this year, and the competition for assets could be fierce. So, where is the interest coming from?More>>

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Yotel coming to UAE with Dubai build   16 Mar, 2015

Yotel an affiliate company of Kuwait-listed IFA Hotels & Resorts KSCC, has signed a long-term agreement with Dubai Investment Properties to operate a new hotel in Dubai, marking the brand's first property in the Middle East. The hotel is scheduled to open in 2018 with 438 rooms.More>>

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Chinese real estate group digs deep into Los Angeles   16 Mar, 2015

The area around Los Angeles' L.A. Live is becoming a beacon for real estate developers, particularly in the hotel space. A year after Shanghai-based developer Greenland broke ground on a mega-project north of L.A. Live, Beijing-based Oceanwide is putting shovels in the ground on a $1-billion...More>>

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Little Rock Residence Inn sells for $17.5M   16 Mar, 2015

The 107-room Residence Inn by Marriott at 219 River Market Ave., in Little Rock, Ark., is under new ownership. NF II/CI Little Rock LLC, an affiliate of Noble Investment Group of Atlanta, bought bought the hotel for $17.5 million. More>>

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The Viceroy Palm Springs to become an Avalon Hotel   13 Mar, 2015

Proper Hospitality, which also recently announced it assumed management of the Avalon Hotel Beverly Hills, will begin management of the Viceroy property on April 7. Proper Hospitality will collaborate with Kelly Wearstler Interior Design to revamp the bedrooms, common areas and food and beverage...More>>

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$150M: Amount Sandals has spent since 2010 on Jamaica updates   13 Mar, 2015

Adam Stewart, CEO of Sandals Resorts International, said Sandals Resorts spends roughly $2 million in Jamaica annually to undertake a raft of training and development programs for its more than 7,000 employees.More>>

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MHP Real Estate and partners to buy Dream Hotel air rights   13 Mar, 2015

The development team is buying 19,772 square feet of air rights for its planned 237-key hotel at 560 Seventh Avenue from the Neil Simon Theater almost 10 blocks to the north. The deal is valued at approximately $6 million.More>>

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Asset light? Hyatt rumored to have interest in London's Grosvenor House    12 Mar, 2015

In recent times, branded hotel companies, from Starwood Hotels & Resorts Worldwide to InterContinental Hotels Group, have followed divestment strategies to rid themselves of equity positions within real estate. The so-called "asset light" approach. But is this tactic slowly beginning to turn?More>>

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