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Waramaug purchases Milwaukee Comfort Suites   10 Apr, 2014

Private investment group Waramaug LS Hotels has acquired the 120-room Comfort Suites Park Place in Milwaukee. This is Waramaug's fifth acquisition in the last six months.More>>

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Minneapolis-area Embassy Suites sells for $24M   10 Apr, 2014

The 218-room Embassy Suites Hotel Bloomington in Minnesota has sold for $24 million. The buyer is listed as Bloomington Hotel Owner SPE, which acquired it from FelCor Lodging Trust. More>>

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Dev Hospitality buys Best Western in Boston   9 Apr, 2014

Dev Hospitality has purchased the Best Western Plus Roundhouse Suites in Boston from WNW Hospitality Group, a hotel owner and operator based in Great Neck, N.Y. The purchase price was not disclosed. More>>

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Starwood completes sale of Aloft Tucson University   9 Apr, 2014

Starwood Hotels & Resorts Worldwide has completed the sale of Aloft Tucson University in Arizona to Lightstone Value Plus Real Estate Investment Trust II for $19 million. The hotel will remain an Aloft under a long-term license agreement. It will be managed by Island Hospitality Management. More>>

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Walton Street acquires Ambassador Hotel Waikiki   4 Apr, 2014

The Ambassador Hotel Waikiki has been sold to Chicago-based private equity group Walton Street Capital LLC for $71.5 million. The seller of the 298-room hotel was Ambassador Hotel Inc., part of the group that owns the Waikiki Business Plaza.More>>

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LaSalle's Hotel Vitale buy in San Fran rivals Ritz-Carlton purchase price   4 Apr, 2014

LaSalle Hotel Properties has formally announced the previously talked about acquisition of Hotel Vitale in San Francisco for $130 million. The purchase price rivals that of the Ritz-Carlton, San Francisco, which was bought last July by Thayer Lodging for $161 million.More>>

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Dubai company buys stake in Kerzner International   3 Apr, 2014

Investment Corporation of Dubai said it bought the stake in Kerzner International Holdings from the family of its founder and several institutional investors. Neither company disclosed the purchase price, but an ICD official told The Associated Press the investment company now owns a stake of more...More>>

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Temple Hotels completes Hotel Saskatchewan acquisition   3 Apr, 2014

Temple Hotels has completed its $32.8-million acquisition of the Hotel Saskatchewan in downtown Regina. Temple said it plans to spend $6 million on renovations to the guestrooms and lobby of the hotel over a three-year period.More>>

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Blackstone grabs select-service portfolio   3 Apr, 2014

While the big news is Blackstone Group's rumored imminent sale of Boston office properties for $2.5 billion, the firm, which recently took La Quinta and Hilton Worldwide pubic, just snapped up a portfolio of 15 select-service hotels on the east and west coasts.More>>

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FelCor sells Doubletree Suites in Charlotte, N.C.   2 Apr, 2014

FelCor Lodging Trust has agreed to sell the 208-room Doubletree Suites Hotel Charlotte-SouthPark for $37 million. The undisclosed purchaser paid a $900,000 non-refundable deposit toward the purchase price. FelCor expects the sale to close in May.More>>




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