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Omni Hotels acquires New Orleans Wyndham   10 Nov, 2014

Omni Hotels & Resorts in partnership with Riverfront Lodging have acquired the Wyndham Riverfront New Orleans, which has since been re-flagged as the Omni Riverfront Hotel. The announcement comes on the heels of a six-month, $8-million property renovation.More>>

Beijing-based Anbang Insurance Group paid Hilton Worldwide $1.95 billion to acquire the Waldorf Astoria in New York. Newswire
Waldorf Astoria sale confirms strength of NYC market   10 Nov, 2014

Record $1.95-billion deal could signal more overseas money deployed toward U.S. assetsMore>>

Hawaii hotel: The Kahala Hotel & Resort in East Oahu was sold to Japan-based Resorttrust in a leasehold sale for $282.5 million. Newswire
Hotel Transactions    7 Nov, 2014

News on Hotel Transactions from across the worldMore>>

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Vacant Saddle Brook, N.J., Crowne Plaza up for sale   30 Oct, 2014

Several companies have expressed interest in buying the Crowne Plaza in Saddle Brook, N.J., along with four other hotels, in the event that a sale with a prospective buyer falls through, reports The Record. The 12-story former Holiday Inn had been vacant for years, is part of a portfolio that...More>>

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Hotel magnate Scheetz calls off hotel after selling properties to NYU   30 Oct, 2014

Ed Scheetz, who heads Chelsea Hotels, took an offer he couldn't refuse. The Daily News reports that a luxury hotel he had planned for an area in Manhattan known as NoHo, is now a no-go after he sold two buildings to New York University for a reported $157 million.More>>

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Nashville Magnuson hotel sells for $4.8M, to rebrand as Quality Inn   24 Oct, 2014

A Nashville hotelier has paid $4.8 million for the 172-room Magnuson Hotel Downtown North Nashville, with plans to rebrand it as the Quality Inn Downtown Nashville. The buyer, Sam Zaveri, plans to spend an additional $2 million on renovations, including upgrades to the rooms, lobby, ballrooms and...More>>

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Alexandria, La., hotel to be sold, converted to a Holiday Inn   23 Oct, 2014

The Alexander Fulton Hotel in Alexandria, La., will be converted to a Holiday Inn after it is reportedly sold to the Southern Hospitality Group. Officials say The Fulton, which has been owned by the city, will undergo a renovation and allow the city out of the hotel business, which, according to...More>>

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Cincinnati Courtyard sells for more than $20 million   22 Oct, 2014

An affiliate of Dallas-based Aimbridge Hospitality and New York City-based BlueMountain Capital Management have purchased the Courtyard Cincinnati Covington hotel for more than $21.7 million. Earlier this year, the JV purchased three other Marriott-branded hotels in Greater Cincinnati as part of...More>>

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Rhode Island group sells two select-service Manhattan hotels   21 Oct, 2014

Rhode Island-based hotel investment and management firm Magna Hospitality Group has sold two Midtown hotels for a total of $135.2 million, according to property records filed with the city, and as reported by Real Deal. The hotels are the Holiday Inn Express Herald Square and the Hampton Inn United...More>>

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Starwood sells The St. Regis, Rome, continues asset-light focus   21 Oct, 2014

One of Rome's most luxurious hotels is now under new ownership. Starwood Hotels & Resorts Worldwide has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for €110 million or approximately $150.7 million.More>>




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