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Chinese construction company drops $137M for California Hyatt   2 Nov, 2015

SCG America, the U.S. arm of the giant Shanghai Construction Group, acquired the 656-room Hyatt Regency Orange County. The seller, Xenia Hotels & Resorts real estate trust, paid $112 million for the hotel in 2008, near the previous real estate peak. More>>

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What Chile's Atton Hotels likes about Miami   2 Nov, 2015

The company's first U.S. hotel is slated to open by June 2016 in Miami's Brickell neighborhood. The $65-million project broke ground May 2014, and will have 298 rooms. Atton Hotels is actively seeking more sites in Miami, its CEO said. More>>

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Moscow to get new Radisson Blu hotel in 2017   30 Oct, 2015

When it opens in the first quarter of 2017, the Radisson Blu Olympiysky Hotel, Moscow will be Carlson Rezidor’s eighth hotel in Moscow. The 379-room hotel is part of a 75,000-square-meter multifunctional development.More>>

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Turkey's hotel pipeline reaches all-time high   30 Oct, 2015

Seventy-five new projects (covering 12,968 rooms) are currently in the pipeline across Turkey. Istanbul currently has more than 800 properties and 50,000 rooms, but Bodrum, Cesme and Izmir are also seeing development.More>>

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JV grabs upscale Europe hotel portfolio for €420M   30 Oct, 2015

A joint venture between UK-based private equity real estate fund manager Benson Elliot and U.S.-based Walton Street Capital has acquired Prime Europe Hotels, a pan-European portfolio of eight hotels in seven major cities across five countries, for approximately €420 million. More>>

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Australia's Crown Resorts takes ownership interest in Nobu   29 Oct, 2015

Australia's Crown Resorts Limited announced today that it has acquired a 20-percent ownership interest in the international restaurant and hotel company, Nobu, for US$100 million. The other 80 percent will continue to be owned by the existing owners, entities associated with Nobu Matsuhisa, Robert...More>>

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Europe's K+K hotels sold to Goldman Sachs, Highgate JV   29 Oct, 2015

The Austria-based Koller family is selling a portfolio of 10 European hotels to a joint venture between Goldman Sachs and Highgate Hotels. A management platform was also included in the sale. More>>

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Chinese investor nabs Melbourne's Alto Hotel on Bourke for $19.2M   27 Oct, 2015

The property, Australia’s only six-Star NABERS-rated hotel, reportedly attracted a "strong pool of buyer interest," but was snapped up by a private Chinese investor before the close of the official sales campaign.More>>

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Hotel investment in Tasmania could surpass $500 million   26 Oct, 2015

In the Australian island state of Tasmania, hotel investment in and around the capital city of Hobart could reach $500 million if several proposals get off the ground to meet the "soaring demand" from visitors to the state. Developers are reportedly "in a race" to keep up with tourism growth, and...More>>

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Mövenpick to expand in Africa; aims for 28 hotels by 2019   26 Oct, 2015

The Swiss hospitality brand aims to establish a presence in key cities across the Sub-Saharan region, adding three new upscale hotels to its portfolio in Kenya, Nigeria and Cote d’Ivoire, taking its total African properties to 28.More>>

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