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Temple Hotels completes Hotel Saskatchewan acquisition   3 Apr, 2014

Temple Hotels has completed its $32.8-million acquisition of the Hotel Saskatchewan in downtown Regina. Temple said it plans to spend $6 million on renovations to the guestrooms and lobby of the hotel over a three-year period.More>>

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Blackstone grabs select-service portfolio   3 Apr, 2014

While the big news is Blackstone Group's rumored imminent sale of Boston office properties for $2.5 billion, the firm, which recently took La Quinta and Hilton Worldwide pubic, just snapped up a portfolio of 15 select-service hotels on the east and west coasts.More>>

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IHG puts its faith in India's hotel market   2 Apr, 2014

​Despite reports that India's hotel sector has fallen on tough times, Richard Solomons, CEO of InterContinental Hotels Group, has a sunnier take.More>>

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FelCor sells Doubletree Suites in Charlotte, N.C.   2 Apr, 2014

FelCor Lodging Trust has agreed to sell the 208-room Doubletree Suites Hotel Charlotte-SouthPark for $37 million. The undisclosed purchaser paid a $900,000 non-refundable deposit toward the purchase price. FelCor expects the sale to close in May.More>>

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Carey Watermark acquires Hyatt Place Austin for $87M   2 Apr, 2014

Carey Watermark Investors continues its buying habits with the acquisition of the 296-room Hyatt Place Austin Downtown, one block from the Austin Convention Center, for $87 million.More>>

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Georgian Terrace Hotel sells for $61 million   2 Apr, 2014

SoTHERLY Hotels has acquired the 326-room Georgian Terrace Hotel in Atlanta's Midtwon business district, along with an adjacent 698-space parking structure, for $61 million. The hotel will be managed by Chesapeake Hospitality.More>>

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Strategic Hotels firms up balance sheet, marks European exit   2 Apr, 2014

Strategic Hotels & Resorts has made two significant transactions: It's closed on the sale of the Marriott London Grosvenor Square hotel and acquired the remaining 50-percent ownership interest in the Fairmont Scottsdale Princess. More>>

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Starwood takes management of Bahrain City Centre hotels from Kempinski   2 Apr, 2014

Starwood's two leading brands, Le Meridien and Sheraton, will manage the two-tower hotel currently housing the Kempinski Grand and Ixir Hotel. More>>

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Marriott finalizes Protea purchase, becomes largest hotel company in Africa   2 Apr, 2014

Marriott International became the largest hotel company in Africa (according to published information) and nearly doubled its presence in its Middle East and Africa region as it completed its acquisition of the 116-hotel South Africa-based Protea Hospitality Group.More>>

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Fibra Inn acquiring Mexico's Holiday Inn Tampico Altamira   1 Apr, 2014

Mexican REIT Fibra Inn has signed a binding agreement for the acquisition of the Hotel Holiday Inn Tampico Altamira, in the State of Tamaulipas, in Mexico. The agreed price was Ps. 102.5 million, with an additional Ps. 6.1 million in taxes and acquisition expenses, and Ps. 2.2 million in working...More>>




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