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Singaporean investor buys Brisbane's Adina Apartment Hotel   11 Feb, 2015

A Singaporean investor has put up AUD$50 million to acquire The Adina Apartment Hotel in Brisbane, Australia, outbidding fund manager Galileo in the process, reports The Australian. The 162-room hotel is on the edge of Brisbane’s central business district.More>>

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Hilton to use proceeds from Waldorf sale to buy five hotels   11 Feb, 2015

Hilton Worldwide is swapping one hotel for five more. The McLean, Va.-based hotel company says it has purchase agreements in place for the Hilton Orlando Bonnet Creek, Waldorf Astoria Orlando, The Reach and Casa Marina Waldorf Astoria Resorts in Key West and Parc 55 in San Francisco for a total sum...More>>

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Aspen's Hotel Jerome changes hands   10 Feb, 2015

Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 investment in...More>>

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AHT completes acquisition of Austin's Lakeway Resort   9 Feb, 2015

Ashford Hospitality Trust has completed the acquisition of the 168-room Lakeway Resort & Spa, in Austin, Texas, for $33.5 million, or $199,000 per key. The property will be managed by Remington Lodging. Originally developed in 1966, the resort underwent major expansions in 2001 and 2007 which...More>>

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As yen falls, foreign investors rush into Japan   9 Feb, 2015

The yen—not unlike the euro—is on a downward trend, and that is spurring foreign investors to buy real estate in Japan. The latest: LaSalle Investment Management and sovereign-wealth fund China Investment Corp. have reportedly partnered up to buy the Meguro Gajoen complex in Tokyo for around...More>>

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China's Sunshine Insurance strikes big in Manhattan   9 Feb, 2015

While China's Anbang Insurance made big headlines for its buy of the Waldorf Astoria in New York, another Chinese insurer could be the biggest player in the hotel real estate market when it's all said and done. More>>

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HREC arranges sale of Georgia Ramada    6 Feb, 2015

HREC Investment Advisors has arranged the sale of the 79-room Ramada Limited in Forest Park, Ga. The buyer was HR Hotel Management. A purchase price was not disclosed. The hotel is located approximately five miles south of the Hartfield-Jackson Atlanta International Airport. More>>

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NH Hotel Group acquires Colombian group Hoteles Royal   6 Feb, 2015

By the end of 2015, NH Hotel group should be the 100-percent owner of Colombia's Hoteles Royal capital, acquired at a price of 65.5 million euros, or about $74 million. The transaction is expected to be partly financed with proceedings of the sale of NH Bogotà Parque 93 and NH Sotogrande.More>>

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Radisson Blu in Birmingham, UK, acquired by Dubai group   30 Jan, 2015

Royal Gulf Ltd, part of Dubai-based Select Group, has acquired the 211-room Radisson Blu hotel in Birmingham. The hotel opened in 2006 and is reportedly the tallest building in Birmingham with 39 floors including the residential component. It was designed by Italian designer Matteo Thun. A purchase...More>>

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California Montage and Westin sell for more than $300 million each   30 Jan, 2015

There's one thing all hotel sellers can agree on: "I wish they all could be California..." And they aren't referring to the state's women (as the Beach Boys were); rather, its real estate. Two recent hotel sales point to this. More>>




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