Transactions
Constellation Barclay Holding US Newswire
Big-ticket deals on the rise   20 Aug, 2014

Peak hotel pricing shows strong marketMore>>

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Africa's Sun International makes big divestments   18 Aug, 2014

Sun International has entered into an agreement with Minor International (MINT) to dispose of a portion of its African assets, CNBC Africa reports. The collective net purchase consideration amounts to 664 million rand, or around $63 million. More>>

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Kennedy Wilson buys Fairmont Hotel, St Andrews   18 Aug, 2014

Kennedy Wilson Europe Real Estate has entered into an agreement to acquire the Fairmont Hotel, St Andrews, Scotland from SABD Holding (UK) Limited for a reported £32.4 million (around $54 million), or about £155,000 ($259,000) per key. The all-cash acquisition is expected to close this month.More>>

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Local Jamaican owner outbids nine for former Wyndham hotel   15 Aug, 2014

Local hotelier Kevin Hendrickson is the new owner of the former Wyndham hotel in Kingston, Jamaica, having reportedly outbid nine others during an auction of the property by international marketing firm Colliers, according to Jamaica's The Gleaner. The acquisition will is the fifth property for...More>>

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Off-shore buyer acquires Charlotte airport Country Inn & Suites   15 Aug, 2014

The Ehmer Group, a San Francisco-based member of Hotel Brokers International, brokered the sale of the Country Inn & Suites Charlotte I-85 Airport in North Carolina. The 119-room hotel had reportedly been on and off the market multiple times since 2008. A $1.5-million PIP is forthcoming.More>>

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Ireland's Kilternan Hotel sold at 96-percent discount   12 Aug, 2014

Quite a good deal for UK's Comer Group, which reportedly acquired the partially built Kilternan Hotel & Country Club in south Dublin for a staggering 96 percent less than its orgiginal value. The new owners are believed to have paid about €7 million for the complex, which Irish Nationwide spent...More>>

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Liverpool Novotel changes hands in a deal worth $22M    11 Aug, 2014

The Novotel Liverpool Centre has been sold to Brussels-based investor Algonquin by business services provider Chantrey Vellacott for around $22 million. Administrators from Chantrey Vellacott took over running the hotel from former owner the Pedersen Group last October after appointment by the...More>>

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Thayer buys Dallas Palomar, rebrands it, to join Hilton's Curio   8 Aug, 2014

The Hotel Palomar in Dallas has new ownership and a new name. The 198-room hotel has been acquired by Thayer Lodging Trust for an unspecified amount, and been renamed The Highland Dallas Hotel. It will be affiliated with Hilton, and reportedly will be part of its new Curio collection.More>>

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Chinese investment group buys L.A. hotel next to Staples   7 Aug, 2014

Shenzhen Hazens Real Estate Group Co., one of the largest development companies in China, has purchased the Luxe City Center Hotel and two adjacent parcels for $105 million, reports the L.A. Business Journal. The hotel property was sold by Beverly Hills developer Emerik Properties Corp.More>>

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IHG to sell Le Grand Hotel Paris for $442 million   7 Aug, 2014

Multiple outlets are reporting that InterContinental Hotels Group has received a $442-million cash offer from Constellation Hotels Holding Ltd. for its Le Grand hotel in Paris. Constellation was also the buyer of the InterContinental London Park Lane and made a majority investment in the...More>>




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