Transactions
Newswire
IHIF delegates content with overall industry direction   26 Feb, 2015

Respondents to IHIF survey dish on global markets, the weakened euro and the value of global trade shows.More>>

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Noble Investment acquires Courtyard in Chapel Hill, N.C.   24 Feb, 2015

Noble Investment Group has acquired the Courtyard by Marriott Chapel Hill. The hotel is adjacent to the University of North Carolina at Chapel Hill and UNC Health Care. The property will reportedly undergo a number of enhancements throughout the hotel.More>>

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RLJ Lodging continues capital recycling program   24 Feb, 2015

RLJ Lodging Trust has announced it has sold a total of 24 hotels for approximately $240 million. The sale price represents approximately a 7.9-percent capitalization rate on the hotels' 2014 net operating income, including planned capital expenditures.More>>

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Two hotel sales in Florida show similar market strength   24 Feb, 2015

Two separate hotel sales in Florida, in two separate parts of the state, show that the Sunshine State is strong for hotel transactions and valuations. Here's what deals went down. More>>

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ITC to purchase Park Hyatt Hotel in Goa   23 Feb, 2015

ITC won the bid to acquire a Park Hyatt Hotel property in Goa, India. The hotel is owned by Blue Coast Hotels, and had been put up for public auction by IFCI.More>>

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LVCVA to purchase Riviera Casino for $182M as part of Business District expansion   20 Feb, 2015

Under the agreement, the LVCVA will purchase the site for a total of $182.5 million. Funds for the acquisition will be drawn from the LVCVA's bank credit facility with JPMorgan. The LVCVA will issue long-term bonds to retire the bank credit within the next two years.More>>

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Hilton completes purchase of San Francisco's Parc 55 Wyndham   19 Feb, 2015

Hilton Worldwide has announced has closed on its acquisition of Parc 55 Wyndham San Francisco - Union Square. The property, which will be renamed Parc 55 San Francisco, a Hilton Hotel, adds 1,024 guest rooms, 54 suites and more than 30,000 square feet of meeting and function space to Hilton’s...More>>

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FelCor Lodging sells three hotels in N.C. and Texas   18 Feb, 2015

FelCor Lodging Trust Incorporated announced that it sold its 225-room Embassy Suites Hotel – Raleigh and 536-room Westin – Dallas Park Central for aggregate gross proceeds of $63.6 million in separate transactions. FelCor is using asset sale proceeds to repay outstanding debt.More>>

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Carey Watermark pays $66.4M for Westin Minneapolis   13 Feb, 2015

Carey Watermark Investors has acquired the Westin Minneapolis hotel for $66.4 million and was financed with $43.5 million of debt. The full-service hotel has 214 guestrooms and is located in downtown Minneapolis. The hotel will remain managed by HEI Hotels & Resorts under Starwood's Westin flag.More>>

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Westmont Hospitality acquires Boston's Battery Wharf Hotel   13 Feb, 2015

Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group, has acquired Boston's Battery Wharf Hotel, part of a luxury mixed use development in Boston's North End. The 150-room hotel has the 13,000-square-foot Exhale Spa, a pocket Maritime Museum, a 24-hour observation...More>>




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