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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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Australia's Woolworths sells $603M hotel portfolio   8 Sep, 2014

Charter Hall Group will lead a consortium in the purchase of a $603-million portfolio of properties from Woolworths subsidiary ALH Holdings, several outlets are reporting. Charter Hall will partner with superannuation fund Hostplus in the venture, which will see the portfolio leased back to ALH...More>>

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Rocco Forte sells Lowry Hotel to Westmount for £40M   5 Sep, 2014

The Lowry Hotel in Manchester, UK has been acquired by Westmount Hospitality Group and another investor for £40 million, £10 million less than seller Rocco Forte Hotels put it on the market for back in 2007. More>>

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DiamondRock acquires Key West resort for $47M   5 Sep, 2014

DiamondRock Hospitality recently acquired the 106-room Inn at Key West in Key West, Fla., for a contractual purchase price of $47.5 million, or $448,000 per room. The purchase price represents a 12.1 multiple on forecasted 2014 hotel EBITDA of $3.9 million and a 7.6-percent capitalization rate. More>>

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Chesapeake buys JW Marriott in San Fran's Union Square for $147M   5 Sep, 2014

Chesapeake Lodging Trust has entered into an agreement to acquire the 337-room JW Marriott San Francisco Union Square for a purchase price of $147.2 million, or approximately $437,000 per key. More>>

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Deemed the dirtiest in New York, Hotel Carter has a new owner   5 Sep, 2014

It's been called the "dirtiest hotel in New York City," but it still commanded a pretty price tag to acquire. According to multiple outlets, New York real estate mogul Joseph Chetrit has acquired the Hotel Carter in Times Square for $190 million. More>>




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