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Asia Pacific pipeline reaches record numbers   19 Jun, 2015

The total Asia Pacific construction pipeline is at 4,284 projects/871,480 rooms at the end of the first quarter. It also is the largest regional pipeline in the world and has the highest number of projects and rooms ever recorded in any region by Lodging Econometrics.More>>

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First three UK properties join BW Premier Collection    19 Jun, 2015

The brand was launched in the United Kingdom three months ago. The properties are the Winchester Royal Hotel (Winchester), the Richmond Hotel (Liverpool) and the Bank House Hotel, Golf and Spa (Worcester). A leading conference hotel also is joining the collection. More>>

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Investment company sues over failed hotel deal   19 Jun, 2015

A Hong Kong investment company is accusing three companies of boxing it out of a deal to buy The Plaza Hotel, Dream Hotel in Chelsea and London's Grosvenor Hotel, according to a new $350 million lawsuit.More>>

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KSL sells UK's Malmaison and Hotel du Vin chains to Singapore's Frasers   18 Jun, 2015

KSL Capital Partners has completed the sale of the Malmaison and Hotel du Vin hospitality chains to Singapore's Frasers Hospitality. The deal is reported to be worth £363 million or around US$576 million. Hotel du Vin and Malmaison operate 29 boutique hotels across the UK. The hotels had been...More>>

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Joint W-Element project in Philly gets financing   18 Jun, 2015

Armed with $33 million in tax increment financing and now $160 million in loans, construction of the $280 million W and Element hotel is officially under way. The financing includes $100 million senior loan in conjunction with $60 million in mezzanine loans. The development is scheduled to be...More>>

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Central, South America see pipeline uptick   18 Jun, 2015

There are 438 hotels totaling 68,898 rooms under contract in the Central/South America region, according to the May 2015 STR Global Construction Pipeline Report. This represents a 4.6-percent increase in rooms under contract compared with May 2014 and a 21.6-percent year-over-year increase in rooms...More>>

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HREC arranges sale of Houston-area Crowne Plaza   17 Jun, 2015

HREC Investment Advisors has arranged the sale of the 294-room Crowne Plaza Houston Northwest Brookhollow located in Houston, Texas. The buyer, Unique Hotel Management Group, is a regional hotel investor; the seller is a Special Servicer that acquired the hotel through foreclosure.More>>

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Peachtree acquires Jacksonville, Fla., Sheraton   17 Jun, 2015

Peachtree Hotel Group has acquired the 159-room Sheraton Hotel in Jacksonville, Fla., for a purchase price of $15.8 million, or around $99,000 per key. A renovation will ensue at an undisclosed price.More>>

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Gencom acquires ownership interest in Gemstone Hotels    17 Jun, 2015

Officials of Gemstone Hotels & Resorts, a full-service hotel management company that specializes in luxury and upscale urban hotels and resorts, has announced that a member of the Gencom family of companies has acquired an ownership interest in the company for an undisclosed sum. More>>

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China's HNA Group takes a big position in Red Lion Hotels   17 Jun, 2015

HNA Group, a holding company, based in Haikou and Beijing, China, has acquired 15 percent of the outstanding common stock of Red Lion Hotels Corp., after buying 2,987,343 shares of the common stock from Columbia Pacific Opportunity Fund, which will continue to own 12.6 percent.More>>

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