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Lalit Modi helps Sahara sell its U.S. hotels   17 Aug, 2015

Modi is reportedly brokering a deal to help facilitate the release of Sahara chief Subrata Roy by arranging to sell some U.S. properties belonging to Sahara.More>>

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Millennium & Copthorne buys Beatles-themed hotel in Liverpool   12 Aug, 2015

M&C beat out nine other bidders with a price of £13.8m in cash. Owner Tony Criss put the hotel on the market in March with a reported asking price of £11m. The 110-room hotel is housed in a building that was completed in 1884.More>>

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Several hotels in Victoria, Australia up for sale   11 Aug, 2015

Agents said international and Australian developers, hotel companies and even private schools were among those interested in the multimillion-dollar properties.More>>

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JLL: European hotel deals up 85 percent on 2014   10 Aug, 2015

According to JLL, half-year deal volumes indicate that 2015 is set to be a banner year for hotel deals in Europe, Middle East and Africa. EMEA half-year transaction volumes are up 85 percent on the same period in 2014 to €13.2 billion transacted. This rise is primarily driven by the UK. More>>

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UK's Kew Green Hotels sold to Chinese management firm   7 Aug, 2015

Chinese companies aren't only snatching up hotel real estate, they are buying entire management companies, too. The latest is UK's Kew Garden Hotels, which owns and manages a portfolio of more than 50 hotels, mostly branded under the Holiday Inn flag, but also The Grand Brighton, a luxury hotel in...More>>

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Foreign investment driving record global hotel transactions   7 Aug, 2015

Global hotel transactions continue to zip along at a swift pace, a stride that continues to smash records. According to JLL, 2015 will be a banner year for global hotel deals, and it's foreign investment that is driving it all.More>>

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Malaysian company acquires UK's Marsh Farm Hotel   6 Aug, 2015

The 48-bedroom property is the fifth acquisition in the UK for Chartridge Venues. The hotel went into administration earlier this year. The property includes a bar, beauty salon and extensive conference facilities and is also home to the Glasshouse Restaurant, which was refurbished last summer.More>>

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Starwood signs deal for Westin golf resort in Spain   6 Aug, 2015

Starwood Hotels & Resorts Worldwide has signed an agreement with the Phoenix Enterprises owner of Inversiones Hoteleras La Quinta S.L.U., for The Westin La Quinta Golf & Spa Resort, a hotel conversion slated to open in March 2016. More>>

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First-half hotel sales up 56% over last year   5 Aug, 2015

Hotel sales worldwide are on a scorching pace for 2015 after totaling $42 billion in the first half. The surge in hotel activity this year reflects investors willing to take on more risk in search of higher yields at a time when interest rates remain near historic lows. More>>

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Union Investment acquires Radisson Blu Wroclaw in Poland   4 Aug, 2015

The Radisson Blue hotel in Wroclaw, Poland, has a new owner. The hotel, developed by UBM Development AG and completed in 2002, was sold to Union Investment for its UniInstitutional European Real Estate fund. The purchase price was not disclosed. This is Union Investment's second acquisition in...More>>




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