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Plans to open hotel outside Charlottesville, Va., nixed   5 Aug, 2014

Financing obstacles have nixed plans for an independent hotel in Crozet, Va., just outside Charlottesville, reports Charlottesville Tomorrow. Owner David Hilliard said he had secured full funding for the equity but could not reach terms with the bank for the planned 52-room Rutherfoord Hotel. More>>

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Hospitality Funding raises funds for Milwaukee hotel purchase   5 Aug, 2014

Hospitality Funding has raised both the equity and debt financing for the purchase of the 130-room Holiday Inn & Suites Milwaukee Airport Hotel. Hospitality Funding advised the buyer group, consisting of a leading hospitality asset management firm and a US-based private investment management...More>>

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Vienna International continues expansion in Germany with Arcadia buy   4 Aug, 2014

Vienna International Hotelmanagement AG has acquired the Arcadia Hotel Trier in Germany. The Austrian hotel operator now runs 13 hotels in Germany. The Arcadia Hotel Trier has 105 guestrooms and is located right next to the well-known Imperial Baths. More>>

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Hawaii's Kahala buy demonstrates continued Japanese overseas investment   4 Aug, 2014

The Kahala Hotel & Resort has been sold to Japan-based Resorttrust for $300 million in a deal expected to close late next month. The hotel was acquired from Kahala Hotel Investors.More>>

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Hyatt in Korea to rebrand, open new guestroom tower   4 Aug, 2014

The Hyatt Regency Incheon will be rebranded Grand Hyatt Incheon with the opening of its new West Tower in September. The opening of the West Tower will add 500 more guestrooms to the existing 522 guestrooms in the East Tower, the 1,250-square-meter Grand Ballroom and multidimensional event venues,...More>>

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Cobblestone opens its first new-build hotel in Indiana   4 Aug, 2014

The Cobblestone Hotel and Suites in Salem features 36 guestrooms, including whirlpool suites, with amenities such as microwaves and refrigerators, coffee service, free high-speed Internet, and flat-panel televisions in each room. BriMark Builders developed and built the property.More>>

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Is Australia's richest man building a hotel in Las Vegas?   1 Aug, 2014

A dormant site on the Las Vegas Strip, which once housed the New Frontier, could become active again. Reports say that Australian billionaire James Packer has acquired a portion of the loan covering the site and would consider building a hotel-casino on the land.More>>

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New Spanish REIT Merlin pays €260M for A Coruna mall-hotel complex   1 Aug, 2014

In what Property Investor Europe reports to be the largest single-asset shopping centre investment in Spain since 2008, newly-formed REIT Merlin Properties has paid €260 million to acquire the Marineda City mall and hotel in Spain's second-largest retail and hospitality complex near the town of A...More>>

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Billionaire Larry Ellison buys Hotel Lanai on island he already owns   1 Aug, 2014

Oracle Corp. CEO Larry Ellison has acquired the 10-room Hotel Lanai from Lanai Hospitality Partners for an undisclosed amount. The hotel is managed by Aqua Hospitality and includes a 90-seat restaurant. Terms of the deal were not disclosed.More>>

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210-room Courtyard opens in Irvine, Calif.   1 Aug, 2014

Featuring more than 8,800 square feet of indoor and outdoor prefunction and event space, venues include a 2,300-square-foot event lawn, a 5,000-square-foot ballroom, and a 446-square-foot classroom-style boardroom.More>>

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