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Solstar Investments' tandem buy outside of Las Vegas   20 Mar, 2015

Solstar Investments of Los Angeles has acquired the 120-room Marriott SpringHill Suites Hotel and the 108-room Marriott TownePlace Suites Hotel located in Henderson, Nev., outside Las Vegas. The 2009-built pair of hotels was acquired from Campbell Lodging, the original owner/developer, with GE...More>>

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In 2014, equity funds invested $7.4 billion in U.S. hotels   19 Mar, 2015

Lodging Econometrics reports that for hotels with a reported selling price, investment totaled $22 billion in the U.S., in 2014. Equity funds were the most active investors adding $7.4 billion in hotels, most of which were portfolio purchases. Publicly traded REITs were the next biggest acquirers,...More>>

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ARC Hospitality acquires 7th South Florida hotel in portfolio deal   19 Mar, 2015

A company affiliated with New York-based American Realty Capital has bought another South Florida hotel, the Hampton Inn at 4001 RCA Blvd., in Palm Beach Gardens, as part of its $1.8-billion acquisition of the Equity Inns lodging portfolioMore>>

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U.S. cable TV magnet Malone acquires Dublin InterContinental   19 Mar, 2015

According to multiple reports, a group backed by U.S. cable television magnate John Malone has acquired the InterContinental hotel in Ballsbridge, Dublin, which had been on the market for an estimated €50 million. The seller is British property company London & Regional.More>>

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Outrigger sells Australia business to Mantra Group   19 Mar, 2015

The transactions market is firing on all pistons today, as news comes out of Australia that that Mantra Group has acquired the operations of four Outrigger hotels there. Australia, meanwhile, continues to show a frenetic pace of hotel trading and development.More>>

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Industrial Development Corporation invests $121M in Ghana, Uganda hotels   18 Mar, 2015

The IDC said the construction of the hotels was part of its drive to create opportunities for local companies to export their goods and services into the rest of Africa. The corporation already has exposure of close to a $1 billion in the rest of Africa.More>>

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Tblisi, Georgia, to get Hyatt Regency Hotel in 2017   18 Mar, 2015

A Hyatt affiliate has entered into a management agreement with Rustaveli Property for a Hyatt Regency hotel in Tbilisi, Georgia. More>>

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Starwood puts three Fiji properties on the market   18 Mar, 2015

The assets will be sold with the benefit of a long-term management contract with Starwood, which has owned and managed the properties for many years. More>>

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London's future looks bright as global brands interest stays piqued   17 Mar, 2015

With Hyatt interested in the Grosvenor House Hotel, several branded properties opening by Heathrow Airport and a strong forecast from PricewaterhouseCoopers, London's future More>>

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Little Rock Residence Inn sells for $17.5M   16 Mar, 2015

The 107-room Residence Inn by Marriott at 219 River Market Ave., in Little Rock, Ark., is under new ownership. NF II/CI Little Rock LLC, an affiliate of Noble Investment Group of Atlanta, bought bought the hotel for $17.5 million. More>>




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