 | Newswire
South African hotels see interest from international, local businesses 17 Apr, 2013
The outlook for investment in tourism locations in the province is positive as statistics show that South Africa saw a 10.4 percent increase in foreign visitors from January to October 2012 compared to the same period in 2011, said Peter Bruil, the managing director of PGLAG, a subsidiary of Pam...More>>
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 | Newswire
Hotel AG closes sale of Jacksonville, Fla., Holiday Inn 17 Apr, 2013
Hotel AG has announced that the firm has closed the sale of the Holiday Inn located in Jacksonville, Fla. The five-year old property was sold as part of a loss share agreement for a lender. The hotel was sold on behalf of Kasam Hospitality, Inc. II to PMG Services. Tom Huegel, VP and partner of the...More>>
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 | Newswire
For sale: Dublin's Trinity Capital Hotel 17 Apr, 2013
The Irish Times reports that the Trinity Capital Hotel on Dublin's Pearse Street, across from Trinity College, has been put on the market "following a sustained pick up in the hotel business generally in the city." CBRE Hotels is handling the process and hopes to bring in between €30 million and...More>>
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 | Newswire
Downtown Minneapolis hotel sold, will convert to Radisson Blu 17 Apr, 2013
The Minneapolis St. Paul Business Journal reports that San Francisco-based Chartres Lodging Group has closed on its $28 million acquisition of the Radisson Plaza Hotel Minneapolis, with the intent to convert the hotel over to the Radisson Blu brand. Chartres is expected to spend another $25 million...More>>
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 | Newswire
Far East H-Trust to acquire Rendezvous Grand Hotel Singapore for $213M 16 Apr, 2013
The Far East Hospitality Trust has entered into a sale and purchase agreement with The Straits Trading Company Limited to acquire the Rendezvous Grand Hotel Singapore and Rendezvous Gallery for S$264.3 million, or roughly $213 million. This is Far East H-Trust’s first acquisition since its IPO in...More>>
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 | Newswire
Seychelles' La Reserve changes hands 15 Apr, 2013
Seychelles' La Reserve Hotel of Praslin, which was owned for the past 35 years by the Pommeroy family, has been sold to a Seychellois investor, the Anse Petit Court Pty Ltd. Pommeroy said that the time was right to handover the ownership of the hotel to a a company capable of moving the it forward....More>>
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 | Newswire
Washington, D.C.: 80 percent of buyer volume from REITs 15 Apr, 2013
According to Jones Lang LaSalle Hotels, Washington, D.C, ranks fourth in hotel transactions activity, behind New York, San Francisco and Chicago. More>>
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 | Newswire
HEI grows portfolio with Dallas' Stoneleigh acquisition 12 Apr, 2013
HEI Hotels & Resorts has announced it recently acquired the 170-room Stoneleigh Hotel in Dallas and the 115-suite Residence Inn Clearwater Downtown in Clearwater, Fla. The Stoneleigh, which originally opened in 1923, and underwent a $36-million renovation in 2008, will be reflagged under Starwood's...More>>
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 | Newswire
Hilton Garden Inn in Tampa sold to MIG Real Estate 11 Apr, 2013
MIG Real Estate, based in Newport Beach, Calif., has acquired the 152-room Hilton Garden Inn Tampa East/Brandon for an undisclosed amount. The purchase marks the company's fourth hotel acquisition in Florida and increases its overall hotel portfolio to 11 properties. The property features...More>>
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 | Newswire
IHG ready to sell Barclay after renovation 11 Apr, 2013
New York's Barclay may, finally, get a new owner. That's after InterContinental Hotels Group, the hotel's owner, sells it post-renovation, CEO Richard Solomons told Bloomberg. InterContinental took the Manhattan property off the market this year and commissioned the renovation after talks on a deal...More>>
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