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Rocco Forte sells Lowry Hotel to Westmount for £40M   5 Sep, 2014

The Lowry Hotel in Manchester, UK has been acquired by Westmount Hospitality Group and another investor for £40 million, £10 million less than seller Rocco Forte Hotels put it on the market for back in 2007. More>>

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DiamondRock acquires Key West resort for $47M   5 Sep, 2014

DiamondRock Hospitality recently acquired the 106-room Inn at Key West in Key West, Fla., for a contractual purchase price of $47.5 million, or $448,000 per room. The purchase price represents a 12.1 multiple on forecasted 2014 hotel EBITDA of $3.9 million and a 7.6-percent capitalization rate. More>>

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Chesapeake buys JW Marriott in San Fran's Union Square for $147M   5 Sep, 2014

Chesapeake Lodging Trust has entered into an agreement to acquire the 337-room JW Marriott San Francisco Union Square for a purchase price of $147.2 million, or approximately $437,000 per key. More>>

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Deemed the dirtiest in New York, Hotel Carter has a new owner   5 Sep, 2014

It's been called the "dirtiest hotel in New York City," but it still commanded a pretty price tag to acquire. According to multiple outlets, New York real estate mogul Joseph Chetrit has acquired the Hotel Carter in Times Square for $190 million. More>>

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Hunter sells two S.C. hotels on behalf of Stabilis Capital    4 Sep, 2014

Hunter Hotel Advisors represented the New York City-based investment firm Stabilis Capital Management in the $10.3 million sale of two South Carolina hotels: the 85-room Country Inn and Suites, in Summerville, S.C., and the 81-room Country Inn and Suites, in Orangeburg, S.C.More>>

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CSM Lodging partners with Garrison Investment; sells 10 hotels   4 Sep, 2014

CSM Lodging has announced a partnership with Garrison Investment Group for the sale of 10 hotels, a decision in CSM’s development strategy that further positions the company for future growth.More>>

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How Accor is bucking the asset-light trend    26 Aug, 2014

Accor announced that HotelInvest, the group's hotel owner and investor business, has purchased a portfolio of 13 UK hotels from Tritax for a total of €89 million (around $117 million). The hotel company, which operates mostly in the economy and midscale segments, is looking to acquire real...More>>

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NY group picks up Buffalo Holiday Inn   22 Aug, 2014

Visions Hotels has emerged as the owner of the 199-room Holiday Inn Buffalo-Amherst, paying $4.6 million via an online auction run by CW Capital Asset Management and Auction.com, reports Buffalo Business First. Bids reportedly began at $1.375 million.More>>

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Blackstone buying Tampa Westin   22 Aug, 2014

The owner of the Westin Harbour Island hotel in Tampa, Fla., is selling the hotel and surrounding property to Blackstone Group for a reported $49.5 million. Wilder Corp. has owned the property since 2005. More>>

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Looking above and beyond amid a seller’s market   21 Aug, 2014

The industry is set up nicely for the rest of the year and, likely, 2015; however, be wary as 2016 approaches More>>




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