New research from Colliers International shows that hotel sales in the country reached $1.2 million in 2012, making it the fifth strongest year since 1985. According to the group, Canada is in the middle of a sustainable period of growth that is expected to continue for several years.More>>

CoStar Group reports that Laurus Corp., the Los Angeles-based private real estate investment and development firm affiliated with investment firm Ethika Investments, has acquired the Baltimore Hunt Valley Inn in Hunt Valley, Md., with the intention to convert it into a Wyndham Grand. The purchase...More>>

InterContinental Hotels Group has agreed to sell its London Park Lane Hotel to Middle Eastern investors for $457 million, but will retain its management position of the 447-room hotel. The property was acquired by an affiliate of Constellation Hotels Holding for 62 percent more than book value at...More>>

Several international hotel chains, including Marriott, Hilton and InterContinental Hotels, are targeting the Kurdistan region, with several openings slated over the next two years. Notably, Hilton has signed a management agreement with Kurdonia Company for Tourism & Hospitality Ltd., owned fully...More>>

The San Diego Business Journal reports that San Diego-based real estate services firm Trigild, in partnership with Blu Hotel Investors and Pacifica Real Estate Group, have acquired the 121-room Santa Ana Hampton Inn & Suites in Santa Ana, Calif. The transaction price was not disclosed, but there is...More>>

The $117-million sale of the 424-room Miami Beach Resort by Blackstone Group to the Chetrit Group has closed. MBR Waterview LLC, a company managed by Joseph Chetrit's New York investment firm, closed on the acquisition at 4833 Collins Ave., in South Beach. The company plans an extensive renovation...More>>

Sage Hospitality, a Denver-based hotel company known for managing hotels, made a big buy this week. According to the Denver Post, Sage, along with institutional investment partner Whitman Peterson, acquired seven Courtyard by Marriott hotels in Atlanta, Dallas, Detroit and Cleveland.More>>

The Business Desk reports the 148-room Victoria & Albert Marriott hotel in Manchester, UK has been sold to an unnamed international buyer. The hotel was put on the market in September by administrators at Zolfo Coper handling the assets of Dania Properties. They were reportedly looking to fetch...More>>

RLJ Lodging Trust paid $79.5 million for the property, which will feature a combined 528 guestrooms. The complex comprises two open hotels, a Residence Inn and Courtyard, and a third tower will be converted to a SpringHill Suites.More>>

Marcus & Millichap Real Estate Investment Services reported it closed 13 hotel transactions in January and February totaling more than $49 million, according to Gregory A. LaBerge, national director of the firm's National Hospitality Group (NHG). Significant transactions for Marcus & Millichap’s...More>>