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Ireland's NAMA-owened Glenroyal Hotel sold   4 Aug, 2015

The Glenroyal Hotel & Leisure Club in Maynooth, Co. Kildare has been sold for close to €10.5 million, the guide price set by CBRE, reports Hospitality Ireland. The hotel was purchased by UK property investors The Comer Group. The property was offered for sale on the instructions of receivers...More>>

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Singapore's Bonvests buys Four Points in Perth from Host JV   3 Aug, 2015

Singapore-listed Bonvests Holdings has acquired the Four Points by Sheraton Perth hotel for a reported AUD$91.5 million, around USD $66 million, in reportedly one of the biggest hotel deals on the west coast of Australia. The hotel was sold by a JV between Government of Singapore Investment...More>>

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IHG signs InterContinental Bordeaux - Le Grand Hotel   31 Jul, 2015

The hotel, set to open later this year, will be the company's sixth property in France and will operate under a management agreement with Financière Immobilière Bordelaise.More>>

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Gleneagles sale boosts profits for former owner   31 Jul, 2015

While the sale amount was undisclosed, it has reportedly resulted in a profit of £73 million for the former owner, Diageo.More>>

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Lone Star sells Alliance Hotel Group to Parisian asset manager   24 Jul, 2015

Lone Star, Dallas-based private equity group, which is in the process of forming a $1.6-billion company called Amaris through the acquisition of 89 UK hotels, recently sold Alliance Hotel Group, comprising 12 hotels (1,913 rooms) mostly throughout greater Paris under brands such as Mercure, Crowne...More>>

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Ailing Puerto Rican economy turns to tourism for turnaround   23 Jul, 2015

The Caribbean island of Puerto Rico might be a U.S. territory, but it's economy is not yet firing like the mainland's is. Turns out, its greatest resource, tourism, is how the Puerto Rican government believes it can solve its economic woes. It's not the only one who thinks that; U.S.-based...More>>

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Union Investment acquires Andel's Hotel in Berlin   23 Jul, 2015

Union Investment Real Estate, a Hamburg, Germany-based real estate investment firm specializing in making investments in budget and midscale hotel real estate, has acquired the Andel's Hotel in Berlin for 105 million euros. The seller is Warimpex and UBM. It's Union Investment's eighth hotel...More>>

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Echo Entertainment to develop Brisbane's Queen's Wharf   22 Jul, 2015

The project, due for completion in 2022, will include five new hotels, 50 restaurants and bars and a casino. The bid consortium, Destination Brisbane, consisted of Echo Entertainment, Hong-Kong based consortium Far East and Chinese conglomerate Chow Tai Fook. More>>

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Steigenberger Hotels to debut in UAE   22 Jul, 2015

Dubai's Business Bay will get a five-star Steigenberger-managed hotel in October through a contractual partnership with Twenty14 Holdings, the hospitality arm of LuLu Group International.More>>

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First half of year sees European hotel deals soar   21 Jul, 2015

European hotel transactions at this point are just showing off. According to JLL, transactions in the region surged an impressive 85 percent in the first half of the year versus the same time last year to €13.2 billion. Most of the action occurred in the UK, which accounted for nearly 50 percent...More>>




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