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CPI Hotels acquires Europe's Mamaison Hotels & Residences   10 Jul, 2014

Czech hospitality group CPI Hotels is expanding further into the European market with the announcement of the group’s acquisition of Mamaison Hotels and Residences, which has hotels in the Czech Republic, Slovakia, Poland, Hungary and Russia, in several major cities.More>>

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Taj parent company sells Sydney hotel   10 Jul, 2014

Samsara Properties, an offshore wholly owned subsidiary of The Indian Hotels Company Limited, has sold The Blue Hotel in Sydney, Australia to Hong Kong’s Hind Hotels & Properties Group, which operates the Ovolo brand, for a reported $30 million. More>>

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Nashville DoubleTree deal underscores percolating market   10 Jul, 2014

Nashville, Tenn., continues to be a darling of developers and investors, alike. The latest news: Chicago-based investment firm Walton Street Capital bought the 337-room DoubleTree by Hilton for nearly $70 million, or around $207,000 per key. More>>

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Chinese hotel trust look to sell 600 million shares   9 Jul, 2014

A Chinese hotel trust has started taking orders for a Hong Kong initial public offering that is expected to raise up to $437 million, the Wall Street Journal is reporting.More>>

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Seattle developer buys Victoria's Fairmont Empress    8 Jul, 2014

Nat Bosa, the developer of the two-tower Insignia project in downtown Seattle, and his wife have purchased the Fairmont Empress in Victoria, British Columbia, for an undisclosed amount. However, the hotel is valued at $89.9 million Canadian. More>>

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SREE acquires South Carolina Courtyard   8 Jul, 2014

SREE Hotels, a hotel development and management company based in Charlotte, N.C., has announced the acquisition of the 189‐room Courtyard by Marriott Columbia Downtown at USC in Columbia, S.C. The new owners plan a $4-million renovation to upgrade the interior and exteriorMore>>

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Sage Hospitality acquires Minneapolis-area Marriott   3 Jul, 2014

Sage Hospitality has acquired the Marriott Minneapolis Southwest in Minnetonka, Minn. Sage intends to invest more than $10 million into staffing and a full renovation of all public spaces and guestrooms in the 321-room hotel. Terms of the deal were not disclosed. More>>

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Paramount Lodging Advisors arranges sale of TownePlace Suites Silicon Valley    2 Jul, 2014

Paramount Lodging Advisors has announced the sale of MN Newark's interest in the TownePlace Suites by Marriott in Newark, Calif., to Moody National REIT 1. The hotel was sold for $11.4 million.More>>

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Delaware group buys Hilton Knoxville for $25 million   2 Jul, 2014

The Hilton Knoxville has a new owner: The Buccini/Pollin Group, a development and management company based out of Delaware, finalized the purchase of the 317-room downtown hotel last week for just over $25 million.More>>

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Union Investment buys Radisson Blu in Amsterdam    1 Jul, 2014

Union Investment has acquired the Radisson Blu Amsterdam. The 252-room hotel opened in 1990 and is fully leased to Carlson Rezidor Group, with 22 years remaining on the lease. The property will be added to the portfolio of the UniInstitutional European Real Estate fund.More>>




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