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Tourism downturn sparks hotel investment in Egypt   4 Jan, 2016

Facing severe financial losses due to a downturn in tourism numbers, Egypt is investing in hotel growth as a means of bringing visitors back. A new property has just been signed for resort area of Sharm El-Sheikh. More>>

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Royal Shakespeare Company buys Stratford hotel   4 Jan, 2016

The Royal Shakespeare Company and Eden Hotel Collection have partnered to purchase the Grade II-listed Caterham House Hotel in the city center of Stratford-upon-Avon, the town where William Shakespeare was born.More>>

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Westin Lake Las Vegas sells for $25 million   30 Dec, 2015

The 493-room hotel was sold for 84 percent less than what the property's previous owners payed for the hotel nearly a decade ago. The 21.6-acre hotel is one of three resorts that opened in Las Vegas in 1999, becoming a Loews Resort in 2006 when it was purchased for $155 million.More>>

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Grand Cayman Marriott sold; to remain a Marriott   30 Dec, 2015

The Grand Cayman Marriott, which has been on the market since February, has been acquired by UK investment group London & Regional for an undisclosed amount. The seller was the Genbar Cayman Company. Post-sale, the hotel will remain flagged as a Marriott. More>>

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Athens' Astir Palace resort sells to Middle East fund   30 Dec, 2015

The sale of the Astir Palace resort complex just outside of Athens, Greece, is being purchased for €400 million by a property fund called Jermyn Street. The fund includes investors from Saudi Arabia, Kuwait and Turkey. The property includes two hotels Arion, a Luxury Collection Resort & Spa and...More>>

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Malaysia's WCT Holdings sells under-construction hotel   30 Dec, 2015

Malaysia-based construction and property development group WCT Holdings is selling a boutique hotel in Selangor to its managing director Taing Kim Hwa via his private vehicle, Beyond Century, for $3.75 million.More>>

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2015: A year of big buys and mergers   30 Dec, 2015

Even before the announcements that Marriott was buying Starwood and Accor was acquiring FRHI Holdings, 2015 was a year of strong transactions of portfolios and brands, picked up by opportunistic investors. Here's a look at some of the biggest deals of the year, and what they may mean for 2016.More>>

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A look back at the top deals of 2015   29 Dec, 2015

Year-end lists are the best, aren't they? Here, then, are 10 of the top global hotel deals from 2015 as we saw them. What a heady transactions year it was. We are already chomping at the bit for 2016!More>>

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Luxury hotels look to India's northeast; is midscale far behind?   23 Dec, 2015

This week, India's Tata Group made a notable expansion when the Vivanta by Taj opened in Guwahti, the state capital of Assam in the country's northeast. And according to Assam Chief Minister Tarun Gogoi, Radisson and Novotel are looking to grow there, too. More>>

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Developer plans 2,000 new hotel rooms in India   23 Dec, 2015

In India, Brigade Hospitality Services Ltd., a division of real estate developer Brigade Group, is expanding its hotel business for an investment of close to Rs 1,000 crore. The company plans to build an estimated 2,000 hotel rooms across 10 hotels in South India and GIFT City in Gujarat over the...More>>




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