Investment
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Radisson Blu in Edinburgh hits the market for £59 million   11 Sep, 2014

The owners of the 238-room Radisson Blu Hotel on the Royal Mile, in Edinburgh, Scotland, are asking of £59 million for the property. Word is The Park Inn by Radisson in Manchester and The Quay Leisure Park in Glasgow have also both been put up for sale.More>>

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Florida developer makes $90M cash bid for AC's Revel   11 Sep, 2014

That didn't take long. According to multiple outlets, only days since the Revel hotel in Atlantic City was shuttered, a Florida developer has stepped forward with a cash bid for the property. Here's how much and if it will go through.More>>

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REIT Summit buys Houston Hilton Garden Inn   10 Sep, 2014

Summit Hotel Properties has acquired the Hilton Garden Inn located in the Energy Corridor of Houston. The acquisition marks the second Hilton Garden Inn owned by Summit in the Houston area. Concurrently, Summit announced it sold the Hampton Inn, in Fort Smith, Ark. More>>

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LaSalle sells Newport, R.I., indy hotel for $77M   10 Sep, 2014

LaSalle Hotel Properties has entered into a definitive contract to sell the Hotel Viking in Newport, R.I., for $77 million. The company expects the transaction to close this week. LaSalle acquired the hotel in 1999 for $27 million. The buyer was not initially disclosed. More>>

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Here's the latest on the prospective sale of Sahara Group's hotels   10 Sep, 2014

The drama surrounding the sale of three Sahara Group hotels—The Plaza and Dream in New York and the Grosvenor House in London—continues. As the industry follows the daily reports of the group's chairman, Subrata Roy, to sell the hotels from his jail cell (he's there because he owes a ton of...More>>

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Loews partnering again with Universal Orlando on new hotel   9 Sep, 2014

Loews Hotels & Resorts and Universal Orlando Resort have announced Loews Sapphire Falls Resort at Universal Orlando, opening in the summer of 2016. The hotel will be the the fifth hotel in partnership with Loews Hotels & Resorts and Universal Orlando, and will have 1,000 guestrooms. More>>

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Des Moines approves $49M hotel-apartment project   9 Sep, 2014

The Des Moines City Council gave the greenlight Monday for a $49-million project that will replace an entire city block with a new hotel, apartments and a parking garage in the East Village section, reports The Des Moines Register. It includes a a 137-room hotel. More>>

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GledenInvest completes acquisition of Prague's Augustine Hotel   9 Sep, 2014

GledenInvest has completed the acquisition of the Augustine Hotel in Prague. Terms of the transaction were not disclosed. The hotel will reportedly undergo an imminent rebranding and be operated by an international hotel operator. The hotel currently has 101 rooms.More>>

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As travelers spend, hotel industry builds   9 Sep, 2014

When travelers are traveling, spending money at and on hotels, it gives hotel developers the impetus to build more hotels, in the hope that the good times never end. Here's what Marriott says it's planning for the coming years. More>>

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AJ Capital introducing new "college" brand to Charlottesville, Va.   8 Sep, 2014

Chicago-based investment company AJ Capital Partners is moving to convert a Red Roof Inn in Charlottesville, Va., into one of the first in its new hotel collection, Graduate Hotels. Local media outlet The Cavalier Daily reports that the company obtained the property for about $20.4 million dollars...More>>




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