Financing
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Jurys Inn hotel chain getting cash injection   25 Mar, 2013

The Independent of Ireland reports that the "struggling" Jurys Inn hotel chain, which operates hotels in the UK, will get a massive cash injection and have nearly two-thirds of its borrowings wiped out under a debt-for-equity swap by its main lender this week. The 32-hotel chain will be bailed out...More>>

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HFF arranges $250M financing for three-property Omni Hotel portfolio   19 Mar, 2013

HFF has arranged $250 million in financing for three Omni Hotels totaling 1,339 guestrooms located in Texas and Illinois. HFF worked on behalf of the borrower, Omni Hotels Corporation, to secure the 15-year, fixed-rate loan through Prudential Mortgage Capital Company. The hotels are the Omni Fort...More>>

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Sacramento city officials appeal for waterfront Marriott hotel   18 Mar, 2013

The Sacramento Bee reports that city officials have proposed that the city float $30 million in bonds to help build a Marriott hotel and conference center overlooking the Sacramento River. The rest of the money for the $131-million, 343-room project would be provided by a Dallas development...More>>

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Four Seasons to debut in Spain with Madrid hotel   13 Mar, 2013

Last week Four Seasons announced it will make its Spanish debut in the capital city within the next four years. The new Four Seasons will be housed in the series of heritage buildings comprising the Canalejas complex, adjacent to the Puerta del Sol and close to Madrid’s major landmarks and city...More>>

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Hotel development in Detroit shows signs of life   4 Mar, 2013

According to Crain's Detroit Business, a number of new hotel projects in the region have obtained financing and are moving ahead, while a number of hotels have begun construction and look to open before year's end. These include the Hyatt Place Detroit Novi at the Suburban Collection Showplace and...More>>

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Foreign investors are ready to enter Myanmar   4 Mar, 2013

The Myanmar Hospitality and Tourism Conference 2013 was held from February 27-28 by Singapore-based Sphere Group. Approximately 300 business execs from 13 countries attended the conference.More>>

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Deal brings five hotels in Latin America into HPT portfolio   28 Feb, 2013

The letter of intent with NH Hoteles, which totals investments of $375 million, also includes a property in New York City.More>>

2013 The Mulberry Inn Newswire
Kimpton Group Holding closes hotel fund worth $203 million   28 Feb, 2013

Kimpton Group Holding's fourth institutional real estate fund, KHP Fund III, has $203 million in committed equity capital with the goal of acquiring more than $500 million worth of hotels over the next three years. The company's first institutional fund, the $122 million Kimpton Development...More>>

2013 Four Seasons Paris Newswire
European HVS report shows static hotel values since 2011   28 Feb, 2013

HVS London published the 2013 European Hotel Valuation Index (HVI), showing that investors in Europe's hotel market are still showing caution towards purchases, with hotel value remaining unchanged since 2011 levels. The HVI reported that hotels in Paris still top the valuation chart with an...More>>

2013 Hilton Garden Inn Birmingham/Lakeshore Drive Newswire
Marcus & Millichap reported 78 closed hotel transactions in 2012   27 Feb, 2013

The transactions in 2012 totaled $289 million, with marquee transactions including the sale of a pair of Hilton Garden Inns in Birmingham, Ala., that traded for a total of $22.1 million. The Hilton Garden Inn, Liberty Park sold for $11.9 million and the Hilton Garden Inn, Lakeshore brought $10.2...More>>




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