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2013 Canada hotel transactions reach third-highest level on record   27 Mar, 2014

Buoyed markets, easy access to capital, investor optimism and demand for hotel properties propelled deal activity by 72 percent year-over-year. In terms of absolute deal volume, 2013 ranks in the top three as the highest year on record following only the pre-recession 2006 and 2007 era. One...More>>

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Ascendas Hospitality making big buy in Japan   26 Mar, 2014

Ascendas Hospitality Trust has agreed to buy the Osaka Namba Washington Hotel Plaza in Osaka, Japan for 8.9 billion yen in a deal that would diversify its portfolio and boost returns.More>>

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Hotel transaction pace set to increase in 2014   26 Mar, 2014

Favorable conditions will accelerate hotel lending and a need to place capital will lead to a propitious 2014 deal landscape, according to hotel investment professionals.More>>

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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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