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Saudi group drops $214M on Zakhr Investment & Real Estate   7 Jan, 2016

Saudi Arabia's Al Tayyar Travel Group will acquire 15 percent of Zakhr Investment and Real Estate Development from Mohammed I. Alsubeaie & Sons Investment Co. and 15 percent from Abdullah Almishal & Sons Co for a total value of 803.8 million riyals, or $214.4 million.More>>

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Mandarin Oriental buys its Boston hotel for $140M   6 Jan, 2016

Under the terms of its management agreement for the hotel, the company purchased the property from CWB Hotel Limited Partnership for a sum equivalent to the highest bid at auction—or $140 million.More>>

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Chinese company to invest in Malawi hotel project   6 Jan, 2016

Following the first-ever Malawi Investment Forum, China Lilongwe Grand Holdings Corporation Limited is planning to invest $100 million building the hotel and related projects.More>>

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New Zealand's Hotel St. Clair sold to anonymous buyer   6 Jan, 2016

In Dunedin, New Zealand, the Hotel St. Clair has been sold in a multimillion-dollar deal, but both the purchaser and the price remain under wraps.More>>

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Ireland's Talbot Hotel Collection looks to grow in Wexford   5 Jan, 2016

The portfolio is eyeing the Stonebridge Development along the Wexford Quays in the country's southeast. The building is poised to become an aparthotel with apartments available for leasing.More>>

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Anonymous investor buys Edinburgh's Crowne Plaza Hotel   5 Jan, 2016

An "unnamed high net worth investor" has nabbed the property for an undisclosed sum, part of the fallout from the Prima Hotel Group collapse in May. The winning bidder was reportedly selected out of 150 prospective buyers.More>>

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Why Goldman Sachs is investing heavily in India's hotel industry   5 Jan, 2016

Goldman Sachs has bought a stake in a four-year-old hotel investment and development company SAMHI Hotels, investing $70 million in the company. The move comes as branded hotel companies are stepping up their outreach in India, and as Goldman reconsiders last year's trend of selling hotel assets.More>>

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Caspia Hotels nabs Ahmedabad's Ganesh Meridian Hotel   4 Jan, 2016

A subsidiary of Indian hotel asset company SAMHI Hotels Private Limited has acquired the Ganesh Meridian Hotel in the western city of Ahmedabad for an estimated Rs 135 crore.More>>

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Tourism downturn sparks hotel investment in Egypt   4 Jan, 2016

Facing severe financial losses due to a downturn in tourism numbers, Egypt is investing in hotel growth as a means of bringing visitors back. A new property has just been signed for resort area of Sharm El-Sheikh. More>>

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Royal Shakespeare Company buys Stratford hotel   4 Jan, 2016

The Royal Shakespeare Company and Eden Hotel Collection have partnered to purchase the Grade II-listed Caterham House Hotel in the city center of Stratford-upon-Avon, the town where William Shakespeare was born.More>>




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