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FRHI Hotels owners look to sell luxury hotel operator   24 Jun, 2015

FRHI operates 116 hotels with nearly 44,000 rooms in 34 countries. The list includes some historic luxury properties like New York’s Plaza Hotel, the Peace Hotel in Shanghai and the Savoy in London.More>>

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Hilton signs deal to open DoubleTree Resort in Penang, Malaysia   23 Jun, 2015

Hilton has entered into an agreement with Pinnacle Nexus Sdn. Bhd. for the opening of a DoubleTree Resort in Penang.More>>

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Morgans Hotel Group set to sell?   23 Jun, 2015

Following two years of financial losses, leadership turnover and shareholder battles, Morgans Hotel Group – which owns the Delano, Mondrian and Hudson Hotel brands – may be close to being sold. More>>

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Piedmont Hospitality Fund acquires Florida Hyatt Place   22 Jun, 2015

The Fund purchased the hotel for $10.75 million from Peachtree Hotel Group in Atlanta. The property will be managed by BPR Management, which will also manage the brand-mandated $1 million property improvement plan to be completed over the next 30 months.More>>

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Hampton Inn & Suites in Yuma, Ariz., sold   19 Jun, 2015

The 90-room hotel sold for $7.4 million. The property, which was purchased by a partnership, is located near the Marine Corps Air Station Yuma and United States Army Yuma Proving Ground. Marcus & Millichap brokered the deal.More>>

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Investment company sues over failed hotel deal   19 Jun, 2015

A Hong Kong investment company is accusing three companies of boxing it out of a deal to buy The Plaza Hotel, Dream Hotel in Chelsea and London's Grosvenor Hotel, according to a new $350 million lawsuit.More>>

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KSL sells UK's Malmaison and Hotel du Vin chains to Singapore's Frasers   18 Jun, 2015

KSL Capital Partners has completed the sale of the Malmaison and Hotel du Vin hospitality chains to Singapore's Frasers Hospitality. The deal is reported to be worth £363 million or around US$576 million. Hotel du Vin and Malmaison operate 29 boutique hotels across the UK. The hotels had been...More>>

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HREC arranges sale of Houston-area Crowne Plaza   17 Jun, 2015

HREC Investment Advisors has arranged the sale of the 294-room Crowne Plaza Houston Northwest Brookhollow located in Houston, Texas. The buyer, Unique Hotel Management Group, is a regional hotel investor; the seller is a Special Servicer that acquired the hotel through foreclosure.More>>

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Peachtree acquires Jacksonville, Fla., Sheraton   17 Jun, 2015

Peachtree Hotel Group has acquired the 159-room Sheraton Hotel in Jacksonville, Fla., for a purchase price of $15.8 million, or around $99,000 per key. A renovation will ensue at an undisclosed price.More>>

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Portfolio sales the new norm as investors guzzle down midscale hotels   16 Jun, 2015

The midscale sector continues to shine—and investors are taking note. Groups, particularly REITs, are looking to scoop up premium-branded, select-service portfolios, enamored by their high returns and lower operating costs. One REIT, ARC Hospitality, has made big moves of late. It, and others,...More>>




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