Investment
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Second Hyatt Place opens in India   4 Nov, 2014

This is the first Hyatt Place hotel in the gateway city of Delhi National Capital Region (NCR) and the second Hyatt Place hotel in India, following the 2012 opening of Hyatt Place Hampi. The 175-room hotel has free Wi-Fi access throughout the hotel, 2,720 square feet of meeting and function space,...More>>

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Quay Hotel in Wales sold for $11.2 million   4 Nov, 2014

The hotel and spa, which employs approximately 110 staff in the summer months, went on the market after administrators were called in to its holding company. The 74-room hotel itself did not enter administration and continued to operate and is on course to enjoy its most successful year since it...More>>

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Rockbridge closes $438M fund   4 Nov, 2014

Due to demand from investors, the company exceeded its original fund target of $350 million. Fund VI represents a capital base that includes pension funds, insurance companies, endowments/foundations, family offices and international investors. Triton Pacific Capital served as the exclusive...More>>

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One-on-One with Leslie Ng, CIO of Interstate Hotels & Resorts   3 Nov, 2014

Ask Leslie Ng, chief investment officer of Interstate Hotels & Resorts, his take on the current healthy state of the transactions market and he gets animated. More transactions means more new owners and a greater likelihood these owners will be looking for a new operator, which plays to...More>>

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Blackstone to sell $2.3B in Hilton shares   3 Nov, 2014

Blackstone, which bought Hilton in 2007 for $25 billion in debt and equity, is Hilton's largest shareholder with a 66 percent stake. Its planned offering of 90 million shares would reduce its holdings to about 57 percent. Blackstone didn't sell any shares in December's initial public offering, but...More>>

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Eden Leisure Invests $38M in InterContinental Malta expansion   3 Nov, 2014

The 32 new suites will be built on top of the existing hotel. Hotel officials say the InterContinental Malta will be closing for three months from the beginning of February in order to minimize disruption. All staff will be retained. Apart from the new suites, the property will be upgraded. More>>

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Windermere Hydro Hotel sold for estimated $6M   3 Nov, 2014

Squire Hotels plans to fully refurbish the 84-room hotel, which was sold on behalf of the Lake Hotel Limited by the specialist hotels agency team at the Manchester office of real estate advisors Colliers International, and is located in Bowness-on-Windermere, England. The Windermere Hydro is the...More>>

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Morgans Hotel Group to build new $125M hotel in Philadelphia   31 Oct, 2014

The company is proposing to build a 300-room hotel, which will be designed by DAS Architects of Philadelphia, and Clemens Construction has been retained to oversee its development. The hotel will operate under Morgans' Hudson brand, and construction is expected to begin next year and be completed...More>>

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Sebi accuses Sahara Group of delaying asset sales   31 Oct, 2014

​The Sahara Group, an Indian business conglomerate, has faced a series of complications in clearing itself of debts in recent times. The easiest way the Group's chairman, Subrata Roy, can get out of his creditor's hair is to sell some of his hotels (namely The Plaza and Dream in New York and the...More>>

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Hyatt Regency Dearborn to operate as the Adoba Hotel   31 Oct, 2014

The hotel owes more than $850,000 in Wayne County property taxes, forcing the previous management company that ran the hotel to declare it would shut the property down. That management company, Atmosphere Hospitality Management Services, conceded the hotel to Lodging Host Hotel Corp., which will...More>>




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