Kalpana LLC of Newport Beach, Calif., is the new owner of the 349-room Hilton San Diego Mission Valley hotel for approximately $44.6 million. The seller was HEI Mission Valley, according to data from CoStar Group. The acquisition was financed in part with a $39.5-million loan from East West Bank....More>>

The hotel transactions market is doing just fine in Asia. Just ask Hong Kong billionaire Law Kar Po. His Park Hotel Group has sold one of its Singapore hotels, the Park Hotel Clarke Quay, for just around $242 million. It was acquired by the Ascendas Hospitality Trust, a Singapore-listed, pan-Asia...More>>

HVS Hodges Ward Elliott acted on behalf of BRE Europe Hotel Holding and Alliance Hôtellerie in the sale of shares in the owning companies of five Belgian hotels to CTF Development. The properties are the 201-room Mercure Brussels Center Louise, 105-room Mercure Liège Centre, 101-room Mercure...More>>

CBRE Hotels has arranged the sale of the 246-room Orlando Vista Hotel, in Orlando, Fla. CBRE marketed the property on behalf of the seller, New Boston Buena Vista Orlando, based in Boston. The hotel was acquired in June of 2006. The buyer's name was not identified, but there will be a reported...More>>

Red Lion Hotels Corporation has sold the Red Lion Hotel Pendleton in Oregon for $2.25 million. The hotel has 170 rooms, a restaurant, 10,500 square feet of meeting and banquet space and an outdoor pool. The company purchased the Red Lion Hotel Pendleton as part of the November 2011 purchase of 10...More>>

Prime retail and branding opportunities keep Midtown and Times Square hot hotel development locations. Tom McConnell, head of Cushman & Wakefield's hotel transaction group, told the Commercial Observer today that "nobody has maintained occupancy over 80 percent for as long a period ... this is the...More>>

Starwood Hotels & Resorts Worldwide, like many other global hotel companies, is vocal about its long-term goals to go asset-light and focus on management of its hotels rather than ownership. CEO Frits van Paasschen reiterated that goal today to Bloomberg as the company wrapped up its monthlong...More>>

Germany’s Oetker Collection was due to open its first hotel in the Middle Eastern Gulf Cooperation Council this year, but it seems like the plans have fallen through: Hotelier Middle East is reporting that the Collection has formally withdrawn from a contract to operate the Hotel Le Bristol Abu...More>>

PPHE Hotel Group, which owns and operates the Park Plaza brand in Europe, has struck a deal with Mapeley Acquisition Co Limited for the 1.09-acre site, London SE1 reports. Best known as the headquarters of the now-defunct Central Office of Information, the building is currently home to Natural...More>>

Starwood Hotels & Resorts Worldwide has completed the sale of W New Orleans – French Quarter to Chesapeake Lodging Trust for $25.5 million. The hotel will continue to fly the W flag under a long-term management contract with Starwood. The hotel is Chesapeake Lodging Trust's fourth Starwood...More>>