Investment
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Carlyle Group divests itself of two London hotels for $335M   31 Mar, 2015

U.S. private-equity firm Carlyle Group has reportedly sold two properties in London for a reported £308 million or around US$335 million. Singapore-listed Hotel Properties Limited is said to have been the buyer of the two properties: Ludgate House and Sampson House. More>>

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Cobblestone Hotels sets lofty goals for 2015 at conference   30 Mar, 2015

Brian Wogernese is setting the bar high. The president of Cobblestone Hotels began the chain's 2015 brand conference yesterday announcing that last year Cobblestone surpassed its goal of having 50 hotels in the planning stages by the new year, and is pushing for even more by the end of 2015. How...More>>

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Mumford unveils new tagline and brand vision   30 Mar, 2015

Mumford Company has unveiled a new tagline that it says illustrates the brand vision as "Trusted Hotel Advisors Since 1978." The firm provides asset analysis, portfolio review, valuations, and guidance on market conditions, and it s new tagline, Mumford says, "highlights its dedication to customers...More>>

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Second NYC Ace Hotel hit with stop-work order   30 Mar, 2015

The work that has been intensifying at 223-225 Bowery, which is being converted into New York's second Ace Hotel, looks like it will be settling down for a period of time, after the Department of Buildings (DOB) last week issued a partial stop-work order for the ongoing activities. More>>

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Taj to add 10 more hotels under Vivanta brand in five years    30 Mar, 2015

Tata Group-controlled Vivanta by Taj is planning to add 10 more hotels to its portfolio to take its count to 40 in the next five years, reports DNA India. Of the 10 hotels, two would open in Guwahati and Amritsar this fiscal year. More>>

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HVMG completes JV acquisition of Atlanta Embassy Suites   30 Mar, 2015

Atlanta-based Hospitality Ventures Management Group (HVMG) has acquired a joint-venture interest in the 261-room Embassy Suites Atlanta – Galleria. HVMG also manages the hotel. Currently HVMG’s managed hotel portfolio consists of 42 hotels in 16 states nationwide, totaling 8,060 rooms.More>>

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Wobbly resort sector finds steady footing   30 Mar, 2015

The resorts sector hit a rough patch during the recession. Now, with the hotel industry firmly back on its feet and the overall U.S. economy humming, resorts appear back on solid ground. Here's a look at how and why, and what the investment community thinks about the segment. More>>

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Mardan Palace in Turkey up for sale   30 Mar, 2015

The Mardan Palace, in Antalya, Turkey, built by Russian businessman Telman Ismailov in 2009, has been put up for sale by the Antalya 4th Directorate of Bailiff and Execution, reports the Daily Sabah. The sale reportedly is underway as a result of the hotel's debts to Halkbank. An estimated sale...More>>

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What U.S. cities saw improved numbers last week?   27 Mar, 2015

The newest data released by STR Global on the performance of the U.S. hotel industry shows high scores for hotels across the country. Here is a look at what cities are thriving and the numbers behind their success.More>>

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Future Crowne Plaza in New York City signed by IHG   27 Mar, 2015

The 251-room property on 36th street is scheduled to open in 2017, and IHG will manage on behalf of the owner, LRR Holdings. IHG currently has 25 hotels open in the New York City market across seven of its brands.More>>




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