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Carey Watermark pays $142M for Westin Pasadena   23 Mar, 2015

Carey Watermark Investors Incorporated announced that it has acquired the 350-room Westin Pasadena for $142.5 million, which breaks out to roughly $407,000 per key. The hotel will continue to be managed by HEI Hotels & Resorts.More>>

The recent sale of the Waldorf Astoria in New York to a Chinese insurance group continues to reverberate through the transaction Newswire
Foreign capital leads frothy investment market   20 Mar, 2015

Huge amount of foreign capital is being invested in U.S. real estate, and the wave shows no indication of abating More>>

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Three bold predictions for 2015   20 Mar, 2015

Three predictions about the industry for the rest of 2015More>>

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South Africa's Sun Intl. to buy Peermont in $775M deal   20 Mar, 2015

​South African hotel chain Sun International has announced plans to take over casino resort group Peermont for nearly 9.5 billion rand or nearly US$775 million. Peermont operates a portfolio of gaming and hospitality businesses in SA and Botswana and owns nine casino resorts, including its...More>>

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Solstar Investments' tandem buy outside of Las Vegas   20 Mar, 2015

Solstar Investments of Los Angeles has acquired the 120-room Marriott SpringHill Suites Hotel and the 108-room Marriott TownePlace Suites Hotel located in Henderson, Nev., outside Las Vegas. The 2009-built pair of hotels was acquired from Campbell Lodging, the original owner/developer, with GE...More>>

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In 2014, equity funds invested $7.4 billion in U.S. hotels   19 Mar, 2015

Lodging Econometrics reports that for hotels with a reported selling price, investment totaled $22 billion in the U.S., in 2014. Equity funds were the most active investors adding $7.4 billion in hotels, most of which were portfolio purchases. Publicly traded REITs were the next biggest acquirers,...More>>

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ARC Hospitality acquires 7th South Florida hotel in portfolio deal   19 Mar, 2015

A company affiliated with New York-based American Realty Capital has bought another South Florida hotel, the Hampton Inn at 4001 RCA Blvd., in Palm Beach Gardens, as part of its $1.8-billion acquisition of the Equity Inns lodging portfolioMore>>

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U.S. cable TV magnet Malone acquires Dublin InterContinental   19 Mar, 2015

According to multiple reports, a group backed by U.S. cable television magnate John Malone has acquired the InterContinental hotel in Ballsbridge, Dublin, which had been on the market for an estimated €50 million. The seller is British property company London & Regional.More>>

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Outrigger sells Australia business to Mantra Group   19 Mar, 2015

The transactions market is firing on all pistons today, as news comes out of Australia that that Mantra Group has acquired the operations of four Outrigger hotels there. Australia, meanwhile, continues to show a frenetic pace of hotel trading and development.More>>

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Industrial Development Corporation invests $121M in Ghana, Uganda hotels   18 Mar, 2015

The IDC said the construction of the hotels was part of its drive to create opportunities for local companies to export their goods and services into the rest of Africa. The corporation already has exposure of close to a $1 billion in the rest of Africa.More>>




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