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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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Bain Capital buys Japan hotel and spa operator Ooedo-Onsen   13 Feb, 2015

The investment firm that Mitt Romney co-founded is bullish on Japan. Bain Capital Partners has reportedly agreed to buy Japanese hotel and spa operator Ooedo-Onsen Holdings, a move that comes as the country gets set for a tourism boom ahead of the Tokyo 2020 Olympic Games.More>>

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Qatari group closing soon on $535M Times Square hotel    12 Feb, 2015

Qatari investment firm Al Rayyan Tourism and Investment is, as The Real Deal is reports, is closing on the acquisition of the 689-room Manhattan at Times Square Hotel for $535 million in the next few days. Rockpoint, Highgate and Goldman Sachs purchased the building from Starwood Hotels & Resorts...More>>

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Singaporean investor buys Brisbane's Adina Apartment Hotel   11 Feb, 2015

A Singaporean investor has put up AUD$50 million to acquire The Adina Apartment Hotel in Brisbane, Australia, outbidding fund manager Galileo in the process, reports The Australian. The 162-room hotel is on the edge of Brisbane’s central business district.More>>

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Hilton to use proceeds from Waldorf sale to buy five hotels   11 Feb, 2015

Hilton Worldwide is swapping one hotel for five more. The McLean, Va.-based hotel company says it has purchase agreements in place for the Hilton Orlando Bonnet Creek, Waldorf Astoria Orlando, The Reach and Casa Marina Waldorf Astoria Resorts in Key West and Parc 55 in San Francisco for a total sum...More>>

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Aspen's Hotel Jerome changes hands   10 Feb, 2015

Houstonian Dan Friedkin, through his hospitality investment company Iconic Properties, has purchased Aspen’s Hotel Jerome, an Auberge Resort, from Chicago-based DRW Real Estate. The purchase is part of Friedkin’s further expansion in the hospitality industry, following his 2013 investment in...More>>

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AHT completes acquisition of Austin's Lakeway Resort   9 Feb, 2015

Ashford Hospitality Trust has completed the acquisition of the 168-room Lakeway Resort & Spa, in Austin, Texas, for $33.5 million, or $199,000 per key. The property will be managed by Remington Lodging. Originally developed in 1966, the resort underwent major expansions in 2001 and 2007 which...More>>

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As yen falls, foreign investors rush into Japan   9 Feb, 2015

The yen—not unlike the euro—is on a downward trend, and that is spurring foreign investors to buy real estate in Japan. The latest: LaSalle Investment Management and sovereign-wealth fund China Investment Corp. have reportedly partnered up to buy the Meguro Gajoen complex in Tokyo for around...More>>

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China's Sunshine Insurance strikes big in Manhattan   9 Feb, 2015

While China's Anbang Insurance made big headlines for its buy of the Waldorf Astoria in New York, another Chinese insurer could be the biggest player in the hotel real estate market when it's all said and done. More>>




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