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Waramaug makes Daytona Beach acquisition   2 Oct, 2014

Private investment group Waramaug LS Hotels has purchased the 122-room Courtyard by Marriott Daytona Beach Speedway/Airport hotel. Originally built in 2003, the hotel was last renovated in 2011 for $1.2 million. The purchase price was not disclosed. More>>

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Lodging Dynamics acquires Illinois Staybridge   1 Oct, 2014

Lodging Dynamics Hospitality Group has made another acquisition through the company’s affiliated equity fund, LD Hotel Group I: a 105-room Staybridge Suites, in Peoria, Ill. The fund is raising up to $60,000,000 to fund additional future acquisitions.More>>

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After nine-figure bid, Toronto's Brookfield victorious in Revel auction    1 Oct, 2014

That didn't take long. Atlantic City's Revel hotel closed its doors on September 10, and now, about three weeks later, it has a new owner. Brookfield Asset Management, a Toronto real-estate investment firm, won the bankruptcy auction for the hotel, ponying up $110 million.More>>

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Houston REIT to purchase HGI near Arboretum in Austin   30 Sep, 2014

Houston-based Moody National REIT is under contract to purchase the Hilton Garden Inn near the Arboretum in Austin for $29.25 million, reports the Austin Business Journal. It also reports that the Travis Central Appraisal District values the 138-room hotel and adjacent land at $13.76 million.More>>

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Ottawa Quality Inn changing hands   25 Sep, 2014

The 212-room Quality Inn in Ottawa, at Rideau Street and King Edward Avenue, is set to be sold to an undisclosed buyer who recently made an unsolicited offer on the property, reports the Ottawa Citizen. The sale will reportedly close around December 1. More>>

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Hawaii-based Outrigger acquires Konotta Island Resort in Maldives   25 Sep, 2014

Hawaii's Outrigger Enterprises Group has purchased the Konotta Island Resort in the Republic of Maldives for an undisclosed amount. The hotel is expected to open as the Outrigger Konotta Maldives Resort next summer following a renovation. More>>

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UK golf resort transactions make a rousing comeback   25 Sep, 2014

While last year could have been characterized as a double bogey in terms of single-asset golf resort transactions, this year has been a string of birdies. In advance of golf's Ryder Cup, which begins Friday and runs through the weekend at Gleneagles in Scotland, HVS reports that hotel investors'...More>>

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NHL's Lightning owner in line to buy Tampa Marriott Waterside   24 Sep, 2014

Tampa Bay Lightning owner Jeff Vinik appears to be in line to acquire the Tampa Marriott Waterside Hotel and Marina, reports the Tampa Bay Business Journal. No purchase price has been disclosed for the 719-room hotel, which is on the riverfront in downtown Tampa. A deal reportedly could close in...More>>

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Carlyle Group acquires two Islamorada resorts   23 Sep, 2014

The Washington, D.C.-based Carlyle Group has purchased two Islamorada hotels from Starwood Capital with plans to spend $18 million on renovations, reports the Miami Herald. Carlyle bought the 151-room Postcard Inn Beach Resort at Holiday Isle and the La Siesta Resort. The purchase price was not...More>>

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Lowe Enterprises follows up San Jose buy with purchase of Charlotte Aloft   19 Sep, 2014

Lowe Enterprises Investors has acquired the Aloft Charlotte Uptown @ the EpiCentre on behalf of an investment client. The 175-room hotelis in the Uptown District of Charlotte, N.C. LEI affiliate, Destination Management has assumed management of the property. More>>




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