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IHG takes $405M offer from Constellation on Le Grand in Paris   8 Dec, 2014

The expected sale of a luxury hotel in Paris, which Hotel Management reported on back in August, has now been confirmed: InterContinental Hotels Group has accepted a $405 million cash offer from Constellation Hotels Holding for Le Grand hotel in Paris.More>>

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Qatar's Al Faisal acquires majority stake in The Manhattan at Times Square Hotel    4 Dec, 2014

Al Rayyan Tourism and Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, has acquired 97 percent of The Manhattan at Times Square Hotel in New York. The 689-room hotel, built in 1962, covers an entire block and is situated at 790 Seventh Avenue.More>>

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Judge approves sale of Canyon Ranch Miami to Z Capital   4 Dec, 2014

A judge has approved private-equity fund manager Z Capital Partners' $21.6-million purchase of the Canyon Ranch Hotel & Spa in Miami Beach, which Lehman Brothers put into bankruptcy protection earlier this year, The Wall Street Journal reports. More>>

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Dubai group makes curious stateside acquisition   3 Dec, 2014

It's no real surprise anymore to hear of a multimillion-dollar hotel deal forged by some Middle East conglomerate. What is a surprise is when a Middle East conglomerate makes a deal for a hotel, in a secondary U.S. market, at a price tag that is considered peanuts for most hotel groups operating in...More>>

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Singapore's OUE H-Trust acquires Crowne Plaza Changi    1 Dec, 2014

OUE Hospitality Trust has agreed to acquire the hotel Crowne Plaza Changi Airport and its adjacent extension for a total of S$495 million—around US $396 million. The 320-room hotel was acquired from its sponsor OUE Ltd. More>>

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KSL expands in UK with buy of mid-market Village chain from De Vere   1 Dec, 2014

KSL Capital Partners, the Denver-based private equity firm, has acquired the Village Urban Resorts hotel chain from De Vere Group in a deal reportedly valued at £485 million or around US$761 million. More>>

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Mexico's Fibra Inn acquires two Microtels    25 Nov, 2014

Fibra Inn, a Mexican real estate investment trust specializing in the hotel industry, has acquired two Microtel Inn & Suites located in Culiacan and Ciudad Juarez and totaling 226 rooms. Fibra Inn has a portfolio of 30 hotelsMore>>

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China continuation: Sunshine Insurance acquires Sydney Sheraton for large sum   24 Nov, 2014

Looks like China-based insurance companies sure have a taste for hotels, these days. Today we learn that Starwood Hotels & Resorts Worldwide has sold the Sheraton on the Park, in Sydney, Australia, to Sunshine Insurance Group Corporation AUS$463 million, which equates into around US$399 million....More>>

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Mexican REIT FibraHotel acquires Sheraton property, expands Starwood relationship   18 Nov, 2014

FibraHotel, a real estate investment trust specialized in urban business-class hotels in Mexico, has acquired the Sheraton Ambassador Monterrey, adding 229 rooms to FibraHotel's portfolio. The transaction will represent a total investment of $13.5 million by FibraHotel, including a renovation over...More>>

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NorthStar Realty closes on $1.1-billion hotel portfolio   18 Nov, 2014

NorthStar Realty Finance Corp. has closed its acquisition of a $1.1-billion hotel portfolio from Inland American Real Estate Trust. NorthStar Realty now owns a $3-billion hotel portfolio comprised of 155 upscale extended-stay and select-service hotels with 20,250 rooms. More>>

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