 | Newswire
Noble Investment Group acquires Columbus, Ohio Courtyard 21 Mar, 2013
Noble Investment Group has acquired the Courtyard by Marriott Columbus Downtown. The 149-room hotel is a redevelopment located near The Ohio State University. The hotel is situated on the urban edge of the city known as the "Arena District" and within walking distance of the State Capitol and the...More>>
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Mig Real Estate makes two buys in Arizona 20 Mar, 2013
MIG Real Estate based in Newport Beach, Calif., has expanded into Arizona with the acquisition of two hotels in the Phoenix metro area: the Fairfield Inn & Suites Midtown in Phoenix and Holiday Inn Express & Suites Old Town in Scottsdale. MIG Real Estate's strategic acquisition plan for hotel...More>>
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In brokers' world, solid fundamentals are pushing higher pricing 20 Mar, 2013
The hotel industry is experiencing continued improved metrics—occupancy, average daily rate and revenue per available room have all experienced increases every month since April 2010—which in turn has boosted hotel pricing. More>>
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Northview Hotel Group buys The Beach House in Hilton Head, S.C. 19 Mar, 2013
Westport, Conn.-based Northview Hotel Group has acquired The Beach House, a Holiday Inn Resort, on Hilton Head Island in South Carolina. The hotel has 202 rooms, an oceanfront pool, 4,600 square feet of meeting space and three food and beverage outlets. NVHG Management, Northview Hotel Group's...More>>
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KSL Capital Partners acquires Malmaison group 19 Mar, 2013
Denver-based KSL Capital Partners has acquired the UK-based Malmaison hotels group, which includes 27 Malmaison and Hotel du Vin hotels, for what some are reporting around £200 milion. More>>
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CBRE advises on $5.5M sale of Quality Hotel in Alberta, Canada 15 Mar, 2013
CBRE acted as adviser to SilverBirch Hotels & Resorts on the sale of the Quality Hotel and Conference Centre in Grand Praire, Alberta. The 102-room hotel, which sold for $5.5 million, opened in 1979 and includes 8,700 square feet of meeting space. The acquisition could prove dividends for...More>>
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NYC's Milford Plaza Hotel fetches $325M 14 Mar, 2013
A partnership of Deutsche Asset & Wealth Management's real estate investment business and David Werner have purchased the the leased fee interest in The Milford Plaza Hotel in New York. The sale price for the ground lease is said to be around $325 million, according to reports.More>>
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Four Seasons to debut in Spain with Madrid hotel 13 Mar, 2013
Last week Four Seasons announced it will make its Spanish debut in the capital city within the next four years. The new Four Seasons will be housed in the series of heritage buildings comprising the Canalejas complex, adjacent to the Puerta del Sol and close to Madrid’s major landmarks and city...More>>
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Carey Watermark acquires Pittsburgh Courtyard for $30M 13 Mar, 2013
Carey Watermark Investors has acquired the 132-room Courtyard Pittsburgh Shadyside. The hotel, which opened in 2003, includes approximately 1,600 square feet of meeting space. CWI's total investment in the property is approximately $34.6 million, including a $29.9 million purchase price and $4.8...More>>
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MBA arranges sale of Lynn Haven, Fla., Wingate 12 Mar, 2013
MBA Hotel Brokers arranged the sale of the Wingate by Wyndham located in Lynn Haven. The seven-year-old hotel includes 67 keys, an indoor pool, sauna, fitness center and more. The property's demand generators include beaches on Florida's Gulf Coast and an Air Force Base. Charlie Fritsch,...More>>
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