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Canada's Fortis to sell 22 hotels as it refocuses on core    7 Jul, 2015

Canadian owner and operator Fortis Inc. has signed a deal to sell the hotel assets of subsidiary Fortis Properties Corp. to an unidentified private investor group for $365 million.More>>

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Starwood sells Element Denver Park Meadows for $15.5M   7 Jul, 2015

​Starwood Hotels & Resorts Worldwide has sold the Element Denver Park Meadows to Denver Hospitality II, LLC. for $15.5 million. The hotel will continue to be affiliated with Starwood Hotels & Resorts and its Starwood Preferred Guest program.More>>

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HREC arranges sale of Crowne Plaza Memphis Downtown Memphis, Tennessee   7 Jul, 2015

“This is the fifth hotel we have sold in Memphis and it highlights a new era of capital infusion from sophisticated investors who understand the positive dynamics of the Memphis market,” Pat Culligan, Principal of HREC, said.More>>

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PE firm Lone Star to create $1.6 bln UK hotel group   6 Jul, 2015

Dallas-based private equity group, Lone Star, is forming a £1-billion (around $1.6 billion) company called Amaris through the acquisition of 89 UK hotels. It subsequently will look to float the company on the stock market. More>>

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TRU Hotels purchases Northern Ireland's Lough Erne Resort   2 Jul, 2015

A U.S. investment group led by Vine Avenue Advisors, LLC, and TRU Hotels and Resorts has completed the purchase of the Lough Erne Resort. More>>

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Colombian billionaire pays €190M for Madrid's Hotel Villa Magna   2 Jul, 2015

The sale is reportedly one of the largest in recent memory for Madrid, and has put the city's hotel prices on par with those in New York and London.More>>

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Bev company Diageo sells Scotland's Gleneagles   2 Jul, 2015

Scotland’s Gleneagles hotel, which has hosted the Ryder Cup and the G8 summit, has been sold by beverage giant Diageo to UK-based private investment group Ennismore, which owns two Hoxton-branded hotels in London and another in Amsterdam. It is also developing sites for new Hoxton hotels in Paris...More>>

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Singapore-based REIT acquires Element hotel in Manhattan   2 Jul, 2015

Singapore's Ascott Residence Trust is buying in New York. The REIT is reportedly set to acquire the 411-room Element New York Times Square West hotel for $163.5 million. It would mark the group's first U.S. acquisition. The hotel will continue to be operated under the Element brand through a...More>>

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Calif.-based Palisades acquires Palm Springs' Colony Palms Hotel in JV   1 Jul, 2015

Palisades Hospitality Group, which operates more than 30 resort, hotel and restaurant properties across leisure destinations in California, Hawaii and Mexico, and CovoCapital, a real estate investment company based in San Francisco, have jointly purchased the Colony Palms Hotel, in Palm Springs,...More>>

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Landmark Hotels and Suites looks to expand in UAE   29 Jun, 2015

Dubai-based Landmark Hotels and Suites is set to launch four Middle East hotels under its mid-market brand over the next 12 months. More>>




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