Investment
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Carey Watermark pays $66.4M for Westin Minneapolis   13 Feb, 2015

Carey Watermark Investors has acquired the Westin Minneapolis hotel for $66.4 million and was financed with $43.5 million of debt. The full-service hotel has 214 guestrooms and is located in downtown Minneapolis. The hotel will remain managed by HEI Hotels & Resorts under Starwood's Westin flag.More>>

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Westmont Hospitality acquires Boston's Battery Wharf Hotel   13 Feb, 2015

Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group, has acquired Boston's Battery Wharf Hotel, part of a luxury mixed use development in Boston's North End. The 150-room hotel has the 13,000-square-foot Exhale Spa, a pocket Maritime Museum, a 24-hour observation...More>>

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Bain Capital buys Japan hotel and spa operator Ooedo-Onsen   13 Feb, 2015

The investment firm that Mitt Romney co-founded is bullish on Japan. Bain Capital Partners has reportedly agreed to buy Japanese hotel and spa operator Ooedo-Onsen Holdings, a move that comes as the country gets set for a tourism boom ahead of the Tokyo 2020 Olympic Games.More>>

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Qatari group closing soon on $535M Times Square hotel    12 Feb, 2015

Qatari investment firm Al Rayyan Tourism and Investment is, as The Real Deal is reports, is closing on the acquisition of the 689-room Manhattan at Times Square Hotel for $535 million in the next few days. Rockpoint, Highgate and Goldman Sachs purchased the building from Starwood Hotels & Resorts...More>>

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White Lodging developing dual-branded AC/Le Meridien in Denver   12 Feb, 2015

White Lodging is set to build a dual-branded hotel development in downtown Denver, featuring AC Hotels by Marriott hotel as well as a Starwood-branded Le Meridien hotel. Construction on the 18-story development will begin in Spring 2015 with an opening scheduled for early 2017.More>>

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Africa Hotel Investment Forum looks to attract international attention   11 Feb, 2015

Last week at the Sheraton Hotel in Addis Ababa, Ethiopia, government and industry leaders gathered to brief the local community on the Africa Hotel Investment Forum 2015 (AHIF), which will be held at the hotel from September 30 to November 1 this year as a platform to attract foreign hotel...More>>

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Singaporean investor buys Brisbane's Adina Apartment Hotel   11 Feb, 2015

A Singaporean investor has put up AUD$50 million to acquire The Adina Apartment Hotel in Brisbane, Australia, outbidding fund manager Galileo in the process, reports The Australian. The 162-room hotel is on the edge of Brisbane’s central business district.More>>

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Hilton to use proceeds from Waldorf sale to buy five hotels   11 Feb, 2015

Hilton Worldwide is swapping one hotel for five more. The McLean, Va.-based hotel company says it has purchase agreements in place for the Hilton Orlando Bonnet Creek, Waldorf Astoria Orlando, The Reach and Casa Marina Waldorf Astoria Resorts in Key West and Parc 55 in San Francisco for a total sum...More>>

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"Shining" hotel owner secures $46M loan   10 Feb, 2015

The owner of The Stanley Hotel in Estes Park, Colo., has landed a $46-million loan that will help pay for the construction of a luxury resort planned for the grounds of the historic property. More>>

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Deal for Revel hotel to be scrapped as deadline passes   10 Feb, 2015

The owners of Atlantic City's Revel Casino Hotel say they will cancel a deal to sell it to a Florida developer after the passing of a Tuesday deadline, the AP reports. The collapse of the Straub deal would mark the second time in the last three months a buyer has been unable to complete a purchase...More>>




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