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End of an era: Hilton sells Waldorf Astoria to Chinese insurance group   6 Oct, 2014

Perhaps the most well-known hotel in the world, a host to foreign dignataries, movie stars, cultural icons and the monied upper crust, now has a new owner. Hilton Worldwide Holdings has agreed to sell the Waldorf Astoria hotel in Manhattan to Beijing-based Anbang Insurance Group Co. for a reported...More>>

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Miami company acquires One Bal Harbour hotel   3 Oct, 2014

The One Bal Harbour hotel in Miami has been sold to Lionstone Development. The South Florida Business Journal reports that the common area property plus 51 units of the hotel at 10295 Collins Avenue were sold for $13.4 million to the condominium association at a bankruptcy auction.More>>

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Metro Plaza in Phoenix sold, to become a Radisson   3 Oct, 2014

The Metro Plaza Hotel in Northwest Phoenix has been sold to a new owner, who plans to convert the hotel to a Radisson and reopen it in December 2014. The hotel will be fully remodeled, managed by San Diego-based R.A. Rauch & Associates and be open in time for the 2015 Super Bowl in Glendale. More>>

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Hyatt's sale of Park Hyatt in D.C. shows commitment to asset strategy   3 Oct, 2014

Hyatt Hotels Corporation announced it sold its Park Hyatt hotel in D.C. to a venture comprised of Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group. The sale price of the 216-room hotel was approximately $100 million or $463,000 per key. More>>

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Waramaug makes Daytona Beach acquisition   2 Oct, 2014

Private investment group Waramaug LS Hotels has purchased the 122-room Courtyard by Marriott Daytona Beach Speedway/Airport hotel. Originally built in 2003, the hotel was last renovated in 2011 for $1.2 million. The purchase price was not disclosed. More>>

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Lodging Dynamics acquires Illinois Staybridge   1 Oct, 2014

Lodging Dynamics Hospitality Group has made another acquisition through the company’s affiliated equity fund, LD Hotel Group I: a 105-room Staybridge Suites, in Peoria, Ill. The fund is raising up to $60,000,000 to fund additional future acquisitions.More>>

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After nine-figure bid, Toronto's Brookfield victorious in Revel auction    1 Oct, 2014

That didn't take long. Atlantic City's Revel hotel closed its doors on September 10, and now, about three weeks later, it has a new owner. Brookfield Asset Management, a Toronto real-estate investment firm, won the bankruptcy auction for the hotel, ponying up $110 million.More>>

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Houston REIT to purchase HGI near Arboretum in Austin   30 Sep, 2014

Houston-based Moody National REIT is under contract to purchase the Hilton Garden Inn near the Arboretum in Austin for $29.25 million, reports the Austin Business Journal. It also reports that the Travis Central Appraisal District values the 138-room hotel and adjacent land at $13.76 million.More>>

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Ottawa Quality Inn changing hands   25 Sep, 2014

The 212-room Quality Inn in Ottawa, at Rideau Street and King Edward Avenue, is set to be sold to an undisclosed buyer who recently made an unsolicited offer on the property, reports the Ottawa Citizen. The sale will reportedly close around December 1. More>>

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Hawaii-based Outrigger acquires Konotta Island Resort in Maldives   25 Sep, 2014

Hawaii's Outrigger Enterprises Group has purchased the Konotta Island Resort in the Republic of Maldives for an undisclosed amount. The hotel is expected to open as the Outrigger Konotta Maldives Resort next summer following a renovation. More>>




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