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Huff, Niehaus & Associates arranges sale of five-hotel portfolio   9 Oct, 2014

Huff, Niehaus & Associates, a member of Hotel Brokers International, announced the sale of the 583-room, five extended-stay hotel portfolio located in Kentucky and Indiana consisting of three Candlewood Suites and two Suburban Extended Stays. More>>

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Oxford Development buys Crowne Plaza Pittsburgh South    9 Oct, 2014

Pittsburgh-based Oxford Development has acquired the 179-room Crowne Plaza Pittsburgh South hotel, reports the Pittsburgh Business Times. Speculation is that the hotel sold for around $3 million. The seller was a fund called SageCrest.More>>

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Highgate's sale of minority stake could augur growth, exposure   8 Oct, 2014

Hotel management company Highgate Hotels has reportedly sold a minority stake to private-equity firm Trilantic Capital Partners, a move that could signal further expansion for the Norwalk, Conn., company.More>>

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International hotel brands look to expand in Ethiopia   8 Oct, 2014

Brands like Accor, Wyndham and others are turning to Ethiopia as the new African hotspot for development.More>>

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Host Hotels buys two, sells one   6 Oct, 2014

Host Hotels & Resorts announced three transactions: The company acquired the 242-room b2 miami downtown hotel for $57.5 million; acquired a 90-percent ownership interest in the entity that owns the 394-room Grand Hotel Esplanade in Berlin; and sold the 719-room Tampa Marriott Waterside Hotel &...More>>

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Carey Watermark acquires Sawgrass Marriott    6 Oct, 2014

Carey Watermark Investors, a non-traded real estate investment trust, has acquired the 511-room Sawgrass Marriott Golf Resort & Spa, in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management. Terms of the deal were not disclosed. More>>

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End of an era: Hilton sells Waldorf Astoria to Chinese insurance group   6 Oct, 2014

Perhaps the most well-known hotel in the world, a host to foreign dignataries, movie stars, cultural icons and the monied upper crust, now has a new owner. Hilton Worldwide Holdings has agreed to sell the Waldorf Astoria hotel in Manhattan to Beijing-based Anbang Insurance Group Co. for a reported...More>>

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Miami company acquires One Bal Harbour hotel   3 Oct, 2014

The One Bal Harbour hotel in Miami has been sold to Lionstone Development. The South Florida Business Journal reports that the common area property plus 51 units of the hotel at 10295 Collins Avenue were sold for $13.4 million to the condominium association at a bankruptcy auction.More>>

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Metro Plaza in Phoenix sold, to become a Radisson   3 Oct, 2014

The Metro Plaza Hotel in Northwest Phoenix has been sold to a new owner, who plans to convert the hotel to a Radisson and reopen it in December 2014. The hotel will be fully remodeled, managed by San Diego-based R.A. Rauch & Associates and be open in time for the 2015 Super Bowl in Glendale. More>>

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Hyatt's sale of Park Hyatt in D.C. shows commitment to asset strategy   3 Oct, 2014

Hyatt Hotels Corporation announced it sold its Park Hyatt hotel in D.C. to a venture comprised of Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group. The sale price of the 216-room hotel was approximately $100 million or $463,000 per key. More>>




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