Transactions
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Temple Hotels acquires two Days Inn hotels in Ontario   12 Jun, 2014

Real estate investment trust Temple Hotels has agreed to acquire two Days Inns in Thunder Bay, Ontario for an aggregate purchase price of $26.5 million. The two acquisitions represent an estimated capitalization rate of 9 percent based on the 2014-15 forecasted aggregate net income (after FF&E...More>>

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LIIC predicts long, slow lodging investment cycle   12 Jun, 2014

Survey results suggest hotel real estate values will not peak until 2017 or later.More>>

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MGM, Hakkasan to develop non-gaming hotels   12 Jun, 2014

MGM and Hakkasan have teamed up to develop and manage luxury non-gaming hotels and resorts in major global gateway cities.More>>

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Virginia's Richmond Marriott West has new owner   11 Jun, 2014

Lingerfelt CommonWealth Partners has acquired the 242-room Richmond Marriott West hotel in western Henrico County, reports the Richmond Times-Dispatch. A comprehensive, multimillion-dollar renovation of the 13-year-old property will follow, the company said. Terms of the deal were not disclosed.More>>

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REITs continue to make transaction noise   11 Jun, 2014

Real estate investment trusts are as active on the sell side as they are on the buy side. Chatham has closed a billion-dollar-plus buy, while FelCor is unloading assets to shore up balance sheet. More>>

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Ireland's Portmarnock Hotel & Golf Links sells for $40M   10 Jun, 2014

JLL has advised on the sale of Portmarnock Hotel & Golf Links in Ireland to an affiliate of Kennedy Wilson Europe Real Estate for a sale price of €29.8 million—or roughly $40 million.More>>

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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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