Investment
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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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Aspen's Hotel Jerome changes hands   10 Feb, 2015

Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 investment in...More>>

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How to show real value in a property to sway the buy decision   9 Feb, 2015

A top concern in any business' sales division is having a salesperson talk too much without asking the right questions. The successful salesperson is the one who doesn't start by just listing off everything there is to know about the property, but rather starts by asking open-ended questions.More>>

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AHT completes acquisition of Austin's Lakeway Resort   9 Feb, 2015

Ashford Hospitality Trust has completed the acquisition of the 168-room Lakeway Resort & Spa, in Austin, Texas, for $33.5 million, or $199,000 per key. The property will be managed by Remington Lodging. Originally developed in 1966, the resort underwent major expansions in 2001 and 2007 which...More>>

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As yen falls, foreign investors rush into Japan   9 Feb, 2015

The yen—not unlike the euro—is on a downward trend, and that is spurring foreign investors to buy real estate in Japan. The latest: LaSalle Investment Management and sovereign-wealth fund China Investment Corp. have reportedly partnered up to buy the Meguro Gajoen complex in Tokyo for around...More>>

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Schrager places Chicago's Public hotel on the market   9 Feb, 2015

Ian Schrager's Public Chicago hotel in the Gold Coast is on the market, four years after it opened, Crain's Chicago reports. The reason why it's for sale is clear: The hotel market is strong and owners are looking to cash out at a high price.More>>

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China's Sunshine Insurance strikes big in Manhattan   9 Feb, 2015

While China's Anbang Insurance made big headlines for its buy of the Waldorf Astoria in New York, another Chinese insurer could be the biggest player in the hotel real estate market when it's all said and done. More>>




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