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Temple Hotels completes Hotel Saskatchewan acquisition   3 Apr, 2014

Temple Hotels has completed its $32.8-million acquisition of the Hotel Saskatchewan in downtown Regina. Temple said it plans to spend $6 million on renovations to the guestrooms and lobby of the hotel over a three-year period.More>>

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Blackstone grabs select-service portfolio   3 Apr, 2014

While the big news is Blackstone Group's rumored imminent sale of Boston office properties for $2.5 billion, the firm, which recently took La Quinta and Hilton Worldwide pubic, just snapped up a portfolio of 15 select-service hotels on the east and west coasts.More>>

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FelCor sells Doubletree Suites in Charlotte, N.C.   2 Apr, 2014

FelCor Lodging Trust has agreed to sell the 208-room Doubletree Suites Hotel Charlotte-SouthPark for $37 million. The undisclosed purchaser paid a $900,000 non-refundable deposit toward the purchase price. FelCor expects the sale to close in May.More>>

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Carey Watermark acquires Hyatt Place Austin for $87M   2 Apr, 2014

Carey Watermark Investors continues its buying habits with the acquisition of the 296-room Hyatt Place Austin Downtown, one block from the Austin Convention Center, for $87 million.More>>

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Georgian Terrace Hotel sells for $61 million   2 Apr, 2014

SoTHERLY Hotels has acquired the 326-room Georgian Terrace Hotel in Atlanta's Midtwon business district, along with an adjacent 698-space parking structure, for $61 million. The hotel will be managed by Chesapeake Hospitality.More>>

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Strategic Hotels firms up balance sheet, marks European exit   2 Apr, 2014

Strategic Hotels & Resorts has made two significant transactions: It's closed on the sale of the Marriott London Grosvenor Square hotel and acquired the remaining 50-percent ownership interest in the Fairmont Scottsdale Princess. More>>

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Starwood takes management of Bahrain City Centre hotels from Kempinski   2 Apr, 2014

Starwood's two leading brands, Le Meridien and Sheraton, will manage the two-tower hotel currently housing the Kempinski Grand and Ixir Hotel. More>>

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Fibra Inn acquiring Mexico's Holiday Inn Tampico Altamira   1 Apr, 2014

Mexican REIT Fibra Inn has signed a binding agreement for the acquisition of the Hotel Holiday Inn Tampico Altamira, in the State of Tamaulipas, in Mexico. The agreed price was Ps. 102.5 million, with an additional Ps. 6.1 million in taxes and acquisition expenses, and Ps. 2.2 million in working...More>>

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In Ireland, Q1 hotel sales soar   31 Mar, 2014

A total of 13 hotels worth almost €85 million were sold in the first three months of the year, an increase of 150 percent on the same period in 2013, when just six hotels, valued at €34 million, were sold. More>>

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RLJ Lodging continues capital recycling program, sells Hilton Mystic    28 Mar, 2014

RLJ Lodging Trust has sold an additional non-strategic hotel, the 182-room Hilton Mystic, in Mystic, Conn., for approximately $14.1 million or $77,200 per key. The sale price represents approximately a 7.4-percent capitalization rate on the hotel's projected 2014 net operating income. More>>




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