Investment
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Ireland's Portmarnock Hotel & Golf Links sells for $40M   10 Jun, 2014

JLL has advised on the sale of Portmarnock Hotel & Golf Links in Ireland to an affiliate of Kennedy Wilson Europe Real Estate for a sale price of €29.8 million—or roughly $40 million.More>>

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Hotel investment: It's all good   10 Jun, 2014

If you have been itching to buy a hotel, now is the time to pull the trigger. Because the going is quite good—right now. That's according to PKF Consulting, which released the results of its annual "Hospitality Investment Survey," revealing that hospitality investment indices continue to operate...More>>

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Starwood Capital sells Paris' Meridien Etoile for healthy sum   9 Jun, 2014

Hotel investment firm Starwood Capital and the estate of the collapsed bank Lehman Brothers have sold the Meridien Etoile in Paris for a reported $380.5 million. Cedar Capital Partners, which advised on the 2005 sale of the Savoy in London, also advised on this transaction.More>>

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Holloway Lodging closes on Days Inn, Whitecourt, Alberta    9 Jun, 2014

Holloway Lodging Corp. has completed the acquisition of the Days Inn hotel located in Whitecourt, Alberta, for a purchase price of $8.9 million. The 79-room hotel was built in 2007 and includes meeting space and a fitness center.More>>

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Red Lion sells Washington, Idaho properties   9 Jun, 2014

Red Lion Hotels Corporation has sold its properties in Kennewick, Wash., and Twin Falls, Id., to new owners who each signed franchise agreements with property improvement plans. Terms of the deals were not disclosed. More>>

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Can crowdfunding be more than a fad?   9 Jun, 2014

One hotel, the Hard Rock in Palm Springs, thinks so; others need more convincing. But there's no denying that the age of the "sharing economy" is here and is having a palpable effect. More>>

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Viceroy to open Cartagena, Columbia hotel by 2016   6 Jun, 2014

Viceroy Hotel Group and KIT Capital are partnering in the redevelopment of Obra Pía, a UNESCO World Heritage site, located within the Old City in Cartagena, Colombia. There, Viceroy will open the 102-room Viceroy Cartagena in early 2016, the group's first branded property in South America.More>>

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Friday's hotel roundup: What sold and what's for sale   6 Jun, 2014

The end of the week brings with it a smattering of hotel transactions and new supply to hit the open market. Let's take a look at what's new—on the market and now off. More>>

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Napa's Carneros Inn sold to San Francisco real estate firm   5 Jun, 2014

Flynn Properties, a real estate firm headquartered in San Francisco, has reportedly acquired the Carneros Inn between Napa and Sonoma in California. The seller was PlumpJack Group, which will continue to manage the property. Terms of the deal were not disclosed.More>>

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Forecast shows Dubai occupancy to stabilize in 2014   5 Jun, 2014

Earlier this year, Dubai posted declining occupancy numbers, which is bad news for a city placed second on the list of the most expensive for hotel stays the world over. However, new data shows that occupancy growth for the city may taper off but remain stable throughout the rest of the year. More>>




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