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Starwood signs deal for Westin golf resort in Spain   6 Aug, 2015

Starwood Hotels & Resorts Worldwide has signed an agreement with the Phoenix Enterprises owner of Inversiones Hoteleras La Quinta S.L.U., for The Westin La Quinta Golf & Spa Resort, a hotel conversion slated to open in March 2016. More>>

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First-half hotel sales up 56% over last year   5 Aug, 2015

Hotel sales worldwide are on a scorching pace for 2015 after totaling $42 billion in the first half. The surge in hotel activity this year reflects investors willing to take on more risk in search of higher yields at a time when interest rates remain near historic lows. More>>

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Union Investment acquires Radisson Blu Wroclaw in Poland   4 Aug, 2015

The Radisson Blue hotel in Wroclaw, Poland, has a new owner. The hotel, developed by UBM Development AG and completed in 2002, was sold to Union Investment for its UniInstitutional European Real Estate fund. The purchase price was not disclosed. This is Union Investment's second acquisition in...More>>

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Ireland's NAMA-owened Glenroyal Hotel sold   4 Aug, 2015

The Glenroyal Hotel & Leisure Club in Maynooth, Co. Kildare has been sold for close to €10.5 million, the guide price set by CBRE, reports Hospitality Ireland. The hotel was purchased by UK property investors The Comer Group. The property was offered for sale on the instructions of receivers...More>>

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Singapore's Bonvests buys Four Points in Perth from Host JV   3 Aug, 2015

Singapore-listed Bonvests Holdings has acquired the Four Points by Sheraton Perth hotel for a reported AUD$91.5 million, around USD $66 million, in reportedly one of the biggest hotel deals on the west coast of Australia. The hotel was sold by a JV between Government of Singapore Investment...More>>

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IHG signs InterContinental Bordeaux - Le Grand Hotel   31 Jul, 2015

The hotel, set to open later this year, will be the company's sixth property in France and will operate under a management agreement with Financière Immobilière Bordelaise.More>>

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Gleneagles sale boosts profits for former owner   31 Jul, 2015

While the sale amount was undisclosed, it has reportedly resulted in a profit of £73 million for the former owner, Diageo.More>>

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Lone Star sells Alliance Hotel Group to Parisian asset manager   24 Jul, 2015

Lone Star, Dallas-based private equity group, which is in the process of forming a $1.6-billion company called Amaris through the acquisition of 89 UK hotels, recently sold Alliance Hotel Group, comprising 12 hotels (1,913 rooms) mostly throughout greater Paris under brands such as Mercure, Crowne...More>>

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Ailing Puerto Rican economy turns to tourism for turnaround   23 Jul, 2015

The Caribbean island of Puerto Rico might be a U.S. territory, but it's economy is not yet firing like the mainland's is. Turns out, its greatest resource, tourism, is how the Puerto Rican government believes it can solve its economic woes. It's not the only one who thinks that; U.S.-based...More>>

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Union Investment acquires Andel's Hotel in Berlin   23 Jul, 2015

Union Investment Real Estate, a Hamburg, Germany-based real estate investment firm specializing in making investments in budget and midscale hotel real estate, has acquired the Andel's Hotel in Berlin for 105 million euros. The seller is Warimpex and UBM. It's Union Investment's eighth hotel...More>>

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