Investment
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DiamondRock reduces borrowing costs at NYC's Lexington Hotel    13 Oct, 2014

DiamondRock Hospitality Company has amended its existing approximately $170.4-million mortgage loan secured by The Lexington New York City to reduce its costs of borrowing and extend the term of the loan. More>>

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Carlson Rezidor Hotel Group: Revving up the franchise strategy   13 Oct, 2014

An interview with Phil Silberstein, EVP of development for Carlson Rezidor Hotel Group in the Americas, to get the scoop on what to expect from Carlson on the homefront.More>>

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Accor emerges as potential buyer of Louvre Hotels   13 Oct, 2014

Accor, Europe's largest hotel group, may be adding a slew of hotels to its already multi-tiered portfolio. Reports are surfacing that Paris-based Accor is a frontrunner to acquire rival budget hotel operator Louvre Hotels, in a deal that could net owner Starwood Capital upwards of $1.9 billion. More>>

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GB Group-led consortium to build £25M Hampton hotel in London's Docklands    10 Oct, 2014

A consortium including the GB Group has secured funding for a new 190-room hotel in London’s Royal Albert Dock, reports the Construction Enquirer. Work will begin in January on the new Hampton by Hilton hotel. More>>

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Fallout from Waldorf Astoria buy continues as foreign money floods Manhattan   10 Oct, 2014

The Waldorf Astoria in New York's stunning record deal may only be the tip of the iceberg, as foreign money, particularly from China, seeks out safe havens, such as the prized assets that dot the Manhattan landscape.More>>

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Huff, Niehaus & Associates arranges sale of five-hotel portfolio   9 Oct, 2014

Huff, Niehaus & Associates, a member of Hotel Brokers International, announced the sale of the 583-room, five extended-stay hotel portfolio located in Kentucky and Indiana consisting of three Candlewood Suites and two Suburban Extended Stays. More>>

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Oxford Development buys Crowne Plaza Pittsburgh South    9 Oct, 2014

Pittsburgh-based Oxford Development has acquired the 179-room Crowne Plaza Pittsburgh South hotel, reports the Pittsburgh Business Times. Speculation is that the hotel sold for around $3 million. The seller was a fund called SageCrest.More>>

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Thailand's investment opportunities toward top of Asia charts   8 Oct, 2014

Investors looking for hot iron to strike in Asia can still turn to Thailand.More>>

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San Diego's Gaslamp Quarter home to first of Montage's boutique hotels   8 Oct, 2014

Pendry San Diego, a new 317-room, $100-million-plus upscale hotel, broke ground today in San Diego's Gaslamp Quarter. The hotel, located three blocks north of the San Diego Convention Center, is expected to open in the summer of 2016.More>>

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La Quinta opens hotel in Monterrey, Mexico, its sixth in the country   8 Oct, 2014

La Quinta Holdings has announced the opening of the 156-room, 10-storey La Quinta Inn & Suites - Monterrey Norte, a franchise-owned hotel located in Monterrey, Mexico. With the opening, La Quinta now has six hotels total in Mexico. More>>




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