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Greek hoteliers look to sell off assets   19 Jan, 2016

Since December 2015, at least 482 ads have been published for the sale of hotel units in Greece, with a total value of over €1.7 billion. Ironically, Greece saw an all-time record number of international arrivals last year.More>>

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Chile's Phoenix Group buys shuttered Spanish golf hotel   18 Jan, 2016

In Murcia, Spain, the five-star Hotel Intercontinental La Torre on the Polaris World La Torre Golf Resort has reportedly been bought by the Chilean Phoenix Group from Spain’s so-called “bad bank” Sareb. More>>

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Patrizia Immobilien sells Melia's Innside Manchester   15 Jan, 2016

The sale of the 208-room hotel, operated by Melia International under its Innside brand, was agreed at a yield of 4.85 percent on 25-year lease to Melia. The hotel reportedly netted the company £30.45 million.More>>

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Vibe Hotel Sydney sells to Singapore's Far East Org. for $90M   14 Jan, 2016

The vendor, the privately owned Toga Far East Hotels, has agreed to a longer-term leaseback than what was expected when the asset went up for sale last year. The Far East Organization has traditionally taken a long-term view with its Australian real estate investments.More>>

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New Delhi's Taj Mahal Hotel to hit auction block   13 Jan, 2016

The New Delhi Municipal Council is "assessing the assets" of the Taj Mahal Hotel. The Tata group's Indian Hotels Company Limited was granted the ninth extension to run the hotel last November. The current lease expires on January 31.More>>

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Minister: New Melia may inspire Jamaican investments   12 Jan, 2016

“I want to see Jamaicans and Jamaican companies getting involved in investing in tourism," Wykeham McNeill, Jamaica's tourism and entertainment minister, said at the official opening of the Melia Braco Village in Trelawny. More>>

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AXA's 2015 included €250M worth of hotel acquisitions   11 Jan, 2016

Following its purchase of the Jaz in the City hotel in Amsterdam, AXA Investment Managers-Real Assets has completed an estimated €250 million of hotel acquisitions since January 2015, acquiring three hotels with a total of 1,064 rooms. More>>

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Al Habtoor moves closer to Cairo project   11 Jan, 2016

Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, is considering a major new project in Cairo that would include three luxury hotels, and has submitted a proposal to the Egyptian President Abdel Fattah el-Sisi for the development. More>>

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Singapore's Stamford Land ponders portfolio sale   11 Jan, 2016

Stamford Hotels and Resorts owns and operates seven hotels with more than 1,700 rooms in Sydney, Melbourne, Brisbane, Adelaide and Auckland that reportedly generated more than $300 million in revenue and profits of $30 million in 2015.More>>

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Rosewood London for sale—but what's the asking price?   8 Jan, 2016

Hong Kong’s Cheng family investment firm, CTF Development, is selling the five-star Rosewood London hotel at a rumored $450 million. The hotel is reportedly being marketed by Eastdil Secured on an invitation-only basis to a list of up to 20 potential buyers.More>>




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