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Kempinski ends management agreement for Bahrain hotel   26 Mar, 2014

Kempinksi Hotels and Majid Al Futtaim have ended the hotel management agreement for the Kempinski Grand & Ixir Hotel Bahrain City Centre in Manama. The agreement will end effective June 30 this year.More>>

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FRHI, Blum family acquire Claremont Hotel in Berkeley, Calif.   25 Mar, 2014

Back in January there was speculation that FRHI Hotels & Resorts would buy the Claremont Hotel Club & Spa in Berkeley, Calif. Now it's official. The historic hotel has been acquired for an undisclosed sum. More>>

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HFF closes sale of Holiday Inn Express in Fort Lauderdale area   25 Mar, 2014

HFF has closed the sale of the Holiday Inn Express & Suites Fort Lauderdale, Fla., a 156-room hotel in Plantation. HFF marketed the property on behalf of the seller, Vista Hospitality Company. Waramaug LS Hotels was the buyer. More>>

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China's Wang buys Madrid building for $358M   24 Mar, 2014

China’s wealthiest man, Wang Jianlin, has acquired a landmark building in Madrid for $358.6 million. Wang is atop the Forbes China Rich List with a personal fortune estimated at $15.1 billion.More>>

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AAHOA: Buying or selling, there's no better time to be in hotel market   24 Mar, 2014

No matter what side of the hotel industry you are on—buying a hotel, selling a hotel, owning one, or operating one—it's a good time to be involved, said one panel at AAHOA. More>>

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Wilmington, Del., DoubleTree sold for $19.7M   18 Mar, 2014

A California-based holding company that helps Chinese companies and individuals invest in U.S. hotels has bought the 217-room DoubleTree by Hilton in downtown Wilmington, Del. More>>

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Add hotel owner to actor Woody Harrelson's resume   17 Mar, 2014

Woody Harrelson, seen most recently in HBO's "True Detective" series, has played many roles. His newest: hotel owner. The former "Cheers" star has joined John "Jack" Dwyer, chairman of the family of Capital Funding companies, in a 50-50 venture to purchase the Inn at Black Olive in Baltimore, Md. More>>

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News briefs   14 Mar, 2014

Here are some of the latest news updates from the transactions market.More>>

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First look at full-year transaction data points to continued industry growth   14 Mar, 2014

2013’s transaction data is indicative of hopeful industry growth in the coming year.More>>

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Two transactions focus on high-end hotels in Puerto Rico   13 Mar, 2014

Paulson & Co. spent $260 million to acquire a majority interest in two hotels in Puerto Rico The Encanto Group also announced that it purchased two hotels for an undisclosed amount and plans to spend $200 million to renovate the properties.More>>




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