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Starboard buys 5-hotel portfolio in England   22 May, 2015

The five hotels, in Gatwick, Marsh Mills Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, total 469 bedrooms. They will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.More>>

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Oaktree Capital sells Hawaii's Fairmont Orchid for $200M   18 May, 2015

The Fairmont Orchid hotel on the Big Island of Hawaii has been sold to South Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, for $200.3 million. Mirae Asset formed Maps Orchid Hotel LLC for the ownership of the hotel, and the sale reportedly closed on Friday.More>>

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RFR looking to sell New York City's Paramount Hotel   18 May, 2015

While the asking price is reportedly "unclear," a person "familiar" with the matter told the newspaper that the iconic 1928 hotel could fetch between $350 million and $400 million. More>>

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Investors sign high-value deals in Vancouver   18 May, 2015

Several recent purchases in the first months of 2015 alone have crossed the $100-million mark, including January’s $168 million sale of the Delta Hotels and Resorts portfolio by the British Columbia Investment Management Corp. to Marriott International and the following month's sale of the...More>>

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Las Vegas' Hooters Casino Hotel sells for $70M    18 May, 2015

Las Vegas' Hooters Hotel has been sold to Trinity Hotel Investors, a New York investment group.More>>

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Frasers Hospitality acquires Sydney's Sofitel Wentworth for north of $170M   11 May, 2015

Singapore-listed Frasers Hospitality has acquired the the Sofitel Wentworth in Sydney for around US$176 million. This marks Frasers' first acquisition since its initial public offering in June last year, and its third hospitality asset in Sydney. The group’s other Sydney properties are the Fraser...More>>

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Deutsche Bank buys Hotel Jumeirah Frankfurt   8 May, 2015

The hotel is part of the PalaisQuartier, which includes the MyZeil shopping center. The 800-million-euro ($995-million) deal is one of Germany's biggest property deals this year. More>>

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In spite of room rate drop, investment in Dubai remains strong   6 May, 2015

The March HotStats MENA Hotels Market Review reveals that rates fell to US$380, while occupancy remained stable at 89 percent. A decline in food and beverage contributed to an overall fall in revenues of 9 percent. More>>

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SLS Beverly Hills sells for $195 million   6 May, 2015

SBE, led by Sam Nazarian, has sold the SLS Beverly Hills for $195 million, or around $656,500 per key, to hotel firm Sunrider International. The 297-room luxury hotel opened in 2008. The hotel was reportedly put up for sale a year ago as part of SBE's strategy to reduce real estate holdings while...More>>

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Strategic Hotels' third 2015 deal may be Four Seasons Austin   5 May, 2015

Strategic Hotels is looking to acquire the Four Seasons Austin for $197 million. This is would be the company's first foray into the Austin, which is one of the highest-growth markets in the country. More>>




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