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Starwood Capital sells Paris' Meridien Etoile for healthy sum   9 Jun, 2014

Hotel investment firm Starwood Capital and the estate of the collapsed bank Lehman Brothers have sold the Meridien Etoile in Paris for a reported $380.5 million. Cedar Capital Partners, which advised on the 2005 sale of the Savoy in London, also advised on this transaction.More>>

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Holloway Lodging closes on Days Inn, Whitecourt, Alberta    9 Jun, 2014

Holloway Lodging Corp. has completed the acquisition of the Days Inn hotel located in Whitecourt, Alberta, for a purchase price of $8.9 million. The 79-room hotel was built in 2007 and includes meeting space and a fitness center.More>>

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Red Lion sells Washington, Idaho properties   9 Jun, 2014

Red Lion Hotels Corporation has sold its properties in Kennewick, Wash., and Twin Falls, Id., to new owners who each signed franchise agreements with property improvement plans. Terms of the deals were not disclosed. More>>

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Friday's hotel roundup: What sold and what's for sale   6 Jun, 2014

The end of the week brings with it a smattering of hotel transactions and new supply to hit the open market. Let's take a look at what's new—on the market and now off. More>>

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Napa's Carneros Inn sold to San Francisco real estate firm   5 Jun, 2014

Flynn Properties, a real estate firm headquartered in San Francisco, has reportedly acquired the Carneros Inn between Napa and Sonoma in California. The seller was PlumpJack Group, which will continue to manage the property. Terms of the deal were not disclosed.More>>

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Paramount advises on Atlanta-area Drury Inn sale   4 Jun, 2014

Paramount Lodging Advisors advised on the sale of the Drury Inn and Suites Atlanta Northeast in Norcross, Ga. The 136-room hotel opened in 1997 and is 10 miles north of Atlanta's Buckhead District. Elite Hotel Management purchased the hotel and plans to rebrand it as a Hampton Inn.More>>

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Sam Chang sells Hilton Garden Inn Midtown East for $85M   4 Jun, 2014

Philadelphia-based real estate investment trust Hersha Hospitality Trust has acquired the Hilton Garden Inn Midtown East in Manhattan from developer Sam Chang for $85.3 million. The sale comes less than a week after the 205-room property opened. More>>

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Al-Futtaim Group to develop luxury hotel in Riyadh shopping mall   3 Jun, 2014

The Al-Futtaim Group has entered into a joint venture with local partners to develop what is expected to be Saudi Arabia’s largest shopping mall. Once completed, the Riyadh attraction will include a 500-room luxury hotel.More>>

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Carey Watermark adds Sheraton Austin to portfolio   30 May, 2014

Carey Watermark Investors purchased the 365-room Sheraton Austin Hotel at the Capitol through a joint venture with JMI Realty. The hotel will continue to be managed by an affiliate of HEI Hotels & Resorts. The hotel will undergo a comprehensive renovation including guestrooms and public spaces at...More>>

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Loews buys Graves 601 Hotel in Minneapolis   29 May, 2014

The offer for the 22-story, 255-room Graves 601 Hotel Wyndham Grand was too good to turn down, said Benjamin Graves, president and chief operating officer of Graves Hospitality Co., its owner. Graves Hospitality will continue to own and manage several other hotels, including a Marriott Residence...More>>

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