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Florida developer makes $90M cash bid for AC's Revel   11 Sep, 2014

That didn't take long. According to multiple outlets, only days since the Revel hotel in Atlantic City was shuttered, a Florida developer has stepped forward with a cash bid for the property. Here's how much and if it will go through.More>>

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REIT Summit buys Houston Hilton Garden Inn   10 Sep, 2014

Summit Hotel Properties has acquired the Hilton Garden Inn located in the Energy Corridor of Houston. The acquisition marks the second Hilton Garden Inn owned by Summit in the Houston area. Concurrently, Summit announced it sold the Hampton Inn, in Fort Smith, Ark. More>>

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LaSalle sells Newport, R.I., indy hotel for $77M   10 Sep, 2014

LaSalle Hotel Properties has entered into a definitive contract to sell the Hotel Viking in Newport, R.I., for $77 million. The company expects the transaction to close this week. LaSalle acquired the hotel in 1999 for $27 million. The buyer was not initially disclosed. More>>

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GledenInvest completes acquisition of Prague's Augustine Hotel   9 Sep, 2014

GledenInvest has completed the acquisition of the Augustine Hotel in Prague. Terms of the transaction were not disclosed. The hotel will reportedly undergo an imminent rebranding and be operated by an international hotel operator. The hotel currently has 101 rooms.More>>

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Australia's Woolworths sells $603M hotel portfolio   8 Sep, 2014

Charter Hall Group will lead a consortium in the purchase of a $603-million portfolio of properties from Woolworths subsidiary ALH Holdings, several outlets are reporting. Charter Hall will partner with superannuation fund Hostplus in the venture, which will see the portfolio leased back to ALH...More>>

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Rocco Forte sells Lowry Hotel to Westmount for £40M   5 Sep, 2014

The Lowry Hotel in Manchester, UK has been acquired by Westmount Hospitality Group and another investor for £40 million, £10 million less than seller Rocco Forte Hotels put it on the market for back in 2007. More>>

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DiamondRock acquires Key West resort for $47M   5 Sep, 2014

DiamondRock Hospitality recently acquired the 106-room Inn at Key West in Key West, Fla., for a contractual purchase price of $47.5 million, or $448,000 per room. The purchase price represents a 12.1 multiple on forecasted 2014 hotel EBITDA of $3.9 million and a 7.6-percent capitalization rate. More>>

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Chesapeake buys JW Marriott in San Fran's Union Square for $147M   5 Sep, 2014

Chesapeake Lodging Trust has entered into an agreement to acquire the 337-room JW Marriott San Francisco Union Square for a purchase price of $147.2 million, or approximately $437,000 per key. More>>

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Deemed the dirtiest in New York, Hotel Carter has a new owner   5 Sep, 2014

It's been called the "dirtiest hotel in New York City," but it still commanded a pretty price tag to acquire. According to multiple outlets, New York real estate mogul Joseph Chetrit has acquired the Hotel Carter in Times Square for $190 million. More>>

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Hunter sells two S.C. hotels on behalf of Stabilis Capital    4 Sep, 2014

Hunter Hotel Advisors represented the New York City-based investment firm Stabilis Capital Management in the $10.3 million sale of two South Carolina hotels: the 85-room Country Inn and Suites, in Summerville, S.C., and the 81-room Country Inn and Suites, in Orangeburg, S.C.More>>




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