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UK hotel investment at eight-year high   7 Jan, 2015

2014 was a good year for UK hotel investment. Really good. According to real estate advisor Savills, transaction volumes in the UK hotel market reached £6.1bn last year, an increase of 55 percent over 2013 and the highest level since 2006. And 2015 could even be better. More>>

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Judge approves sale of Revel for $95.4 million   6 Jan, 2015

A U.S. bankruptcy judge has approved the sale of the now-closed Revel Casino Hotel in Atlantic City to Florida developer Glen Straub for $95.4 million, a price Straub said he now doesn't want to pay. Judge Gloria Burns approved the sale, though rejected his argument that the price should be cut to...More>>

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Chinese conglomerate pays big for Club Med   5 Jan, 2015

Chinese conglomerate Fosun International, after duking it out with Italian investor Andrea Bonomi’s Global Resorts, has agreed to acquire Club Med for a reported €939 million or $1.12 billion. The offer, €24.60 a share, is a reported 45 percent above Fosun’s original €17 a share approach...More>>

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Buccini/Pollin Group completes DoubleTree DFW Airport buy   5 Jan, 2015

The Buccini/Pollin Group, a full-service real estate acquisition, development and management company, has completed the acquisition of the 282-room DoubleTree by Hilton DFW Airport North. The hotel will be operated by PM Hospitality Strategies, Inc. The hotel is located less than two miles from DFW...More>>

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HVMG acquires Greensboro-High Point Airport Marriott   5 Jan, 2015

Atlanta-based Hospitality Ventures Management Group has completed the acquisition of the 299-room Greensboro-High Point Airport Marriott for an undisclosed sum. The company will manage the hotel, bringing its managed portfolio to 38 hotels and 7,194 rooms in 15 states nationwide.More>>

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Kingdom Holding sells stake in Mövenpick Hotel and Apartments Bur Dubai    29 Dec, 2014

Kingdom Holding Investments, a subsidiary of Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Company, has sold its stake in the Mövenpick Hotel and Apartments Bur Dubai for $95 million. The transaction was closed on November 28, 2014.More>>

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Starwood sells Philadelphia Airport Complex to The Lightstone Group   22 Dec, 2014

Starwood Hotels & Resorts Worldwide has completed the sale of the Philadelphia Airport Complex to The Lightstone Group. It is located one mile from the Philadelphia International Airport and consists of three Starwood properties: the 252-room Sheraton Suites Philadelphia Airport, the 177-room Four...More>>

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Qatar's ARTC acquires Rome's Boscolo Aleph Hotel   22 Dec, 2014

Qatar's Al Rayyan Tourism and Investment (ARTIC) has acquired the luxury Boscolo Aleph Hotel in Rome. The hotel is ARTIC's latest hotel acquisition, growing its portfolio to 24 properties across Europe, the Middle East, Africa and North America. A purchase price was not disclosed.More>>

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Pebblebrook acquires Revere Hotel Boston Common    19 Dec, 2014

Pebblebrook Hotel Trust has acquired the Revere Hotel Boston Common, an attached 826-space parking garage and an adjacent land parcel for $260.4 million. The 356-room upper-upscale hotel, built in 1972, is located in Boston's Theater District. More>>

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Pullman La Defense Paris sold to Qatar fund   19 Dec, 2014

An affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP) has acquired the Pullman La Defense Paris from global investment manager, Invesco Real Estate, acting on behalf of one of its dedicated hotel funds. Accor will continue to operate the hotel under a long-term lease agreement. More>>

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