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Sale of NZ's Novotel Queenstown largest in a decade   20 Nov, 2015

The Novotel Queenstown has sold for more than $90 million in what is being called the biggest deal of its kind in nearly a decade, according to agents Collier International. The 273-room hotel was purchased by a New Zealand hotel investor from REIT Host Hotels & Resorts.More>>

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Jurys Inn adds eight hotels to UK portfolio   19 Nov, 2015

The new hotels, which previously formed part of UK brand The Hotel Collection, will be located at Cardiff, Cheltenham, Inverness, Aberdeen, Middlesbrough, Oxford, Hinckley and an airport hotel beside East Midlands.More>>

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Spanish chain invests $200M in Caribbean hotels   18 Nov, 2015

Ocean by H10 Hotels has operations in the Dominican Republic, Mexico and Cuba. Jamaica, set to get two new hotels, will be the first country in the English-speaking Caribbean to accommodate the brand.More>>

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George Soros to spend $300M on Latin American hotel growth   18 Nov, 2015

Soros' investment will help finance as many as 5,000 new hotel rooms in Peru, Chile, Ecuador, Argentina and other South American countries within the next three years, according to Fen Hotels Chief Executive Patricio Fuks, whose Buenos Aires-based hospitality company will manage the properties.More>>

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Suburban New South Wales hotel sells for $34 million   16 Nov, 2015

The sale of the Oxford Hotel in Drummoyne is Australia's second-largest gaming hotel transaction of the year, following the $40 million sale of the Oasis on Beamish in Campsie in May.More>>

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How companies with roots in Japan, Taiwan partnered in New Jersey   13 Nov, 2015

APA Group—owner of APA Hotel, Japan's largest hospitality organization—partnered with N.J.-based Friendwell Group of Companies (which originated in Taiwan) to launch and develop the APA Hotel Franchise in the U.S. The joint venture's first hotel opened today in the town of Woodbridge, N.J. More>>

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Griffin, Starwood, Skanska seek shared ownership of Westin Warsaw   12 Nov, 2015

​Griffin (a real estate investor focusing on Central and Eastern Europe) and Starwood may be forming a joint venture with Skanska to take over the Westin hotel in Warsaw.More>>

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Australian companies join forces to acquire hotel group   11 Nov, 2015

Investment bank Moelis Australia Asset Management and hotel investor Nelson Meers Hotel Group are reportedly tapping the market for cornerstone investors ahead of the float of a new "pub fund" next year, and it seems likely that the joined forces will acquire the Redcape Hotel Group.More>>

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Irish developer plans four hotels for greater Dublin area   9 Nov, 2015

Property developer Johnny Ronan has several hotels in the pipeline for Dublin, including a €250 million boutique hotel above a cafe on Grafton Street.More>>

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Are Hotel Leelaventure struggles a sign of hard times for India's hotels?   9 Nov, 2015

As the hotel chain sells its assets and moves to a management model, other owners of high-end hotels in the country are looking to sell their properties, making 2015 India's biggest year for hotel sales since the global financial crisis hit.More>>

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