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HREC arranges sale of Crowne Plaza Memphis Downtown Memphis, Tennessee   7 Jul, 2015

“This is the fifth hotel we have sold in Memphis and it highlights a new era of capital infusion from sophisticated investors who understand the positive dynamics of the Memphis market,” Pat Culligan, Principal of HREC, said.More>>

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PE firm Lone Star to create $1.6 bln UK hotel group   6 Jul, 2015

Dallas-based private equity group, Lone Star, is forming a £1-billion (around $1.6 billion) company called Amaris through the acquisition of 89 UK hotels. It subsequently will look to float the company on the stock market. More>>

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TRU Hotels purchases Northern Ireland's Lough Erne Resort   2 Jul, 2015

A U.S. investment group led by Vine Avenue Advisors, LLC, and TRU Hotels and Resorts has completed the purchase of the Lough Erne Resort. More>>

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Colombian billionaire pays €190M for Madrid's Hotel Villa Magna   2 Jul, 2015

The sale is reportedly one of the largest in recent memory for Madrid, and has put the city's hotel prices on par with those in New York and London.More>>

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Bev company Diageo sells Scotland's Gleneagles   2 Jul, 2015

Scotland’s Gleneagles hotel, which has hosted the Ryder Cup and the G8 summit, has been sold by beverage giant Diageo to UK-based private investment group Ennismore, which owns two Hoxton-branded hotels in London and another in Amsterdam. It is also developing sites for new Hoxton hotels in Paris...More>>

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Singapore-based REIT acquires Element hotel in Manhattan   2 Jul, 2015

Singapore's Ascott Residence Trust is buying in New York. The REIT is reportedly set to acquire the 411-room Element New York Times Square West hotel for $163.5 million. It would mark the group's first U.S. acquisition. The hotel will continue to be operated under the Element brand through a...More>>

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Calif.-based Palisades acquires Palm Springs' Colony Palms Hotel in JV   1 Jul, 2015

Palisades Hospitality Group, which operates more than 30 resort, hotel and restaurant properties across leisure destinations in California, Hawaii and Mexico, and CovoCapital, a real estate investment company based in San Francisco, have jointly purchased the Colony Palms Hotel, in Palm Springs,...More>>

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Landmark Hotels and Suites looks to expand in UAE   29 Jun, 2015

Dubai-based Landmark Hotels and Suites is set to launch four Middle East hotels under its mid-market brand over the next 12 months. More>>

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Gleneagles Hotel may sell for £200 million this week   29 Jun, 2015

London hotel owner Ennismore Capital may be the purchaser of the Perthshire landmark, which was acquired originally in the privatization of British Rail's hotels in 1982 and was subsequently sold to Bell's and Guinness.More>>

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Carlson Rezidor takes over three Mauritius hotels    29 Jun, 2015

Mauritius realty company Bluelife Ltd. has entered into a partnership with the Carlson Rezidor Hotel Group, with three subsidiaries of the former to be placed under the management of the latter. More>>




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