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HVMG acquires Greensboro-High Point Airport Marriott   5 Jan, 2015

Atlanta-based Hospitality Ventures Management Group has completed the acquisition of the 299-room Greensboro-High Point Airport Marriott for an undisclosed sum. The company will manage the hotel, bringing its managed portfolio to 38 hotels and 7,194 rooms in 15 states nationwide.More>>

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Kingdom Holding sells stake in Mövenpick Hotel and Apartments Bur Dubai    29 Dec, 2014

Kingdom Holding Investments, a subsidiary of Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Company, has sold its stake in the Mövenpick Hotel and Apartments Bur Dubai for $95 million. The transaction was closed on November 28, 2014.More>>

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Starwood sells Philadelphia Airport Complex to The Lightstone Group   22 Dec, 2014

Starwood Hotels & Resorts Worldwide has completed the sale of the Philadelphia Airport Complex to The Lightstone Group. It is located one mile from the Philadelphia International Airport and consists of three Starwood properties: the 252-room Sheraton Suites Philadelphia Airport, the 177-room Four...More>>

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Qatar's ARTC acquires Rome's Boscolo Aleph Hotel   22 Dec, 2014

Qatar's Al Rayyan Tourism and Investment (ARTIC) has acquired the luxury Boscolo Aleph Hotel in Rome. The hotel is ARTIC's latest hotel acquisition, growing its portfolio to 24 properties across Europe, the Middle East, Africa and North America. A purchase price was not disclosed.More>>

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Pebblebrook acquires Revere Hotel Boston Common    19 Dec, 2014

Pebblebrook Hotel Trust has acquired the Revere Hotel Boston Common, an attached 826-space parking garage and an adjacent land parcel for $260.4 million. The 356-room upper-upscale hotel, built in 1972, is located in Boston's Theater District. More>>

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Pullman La Defense Paris sold to Qatar fund   19 Dec, 2014

An affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP) has acquired the Pullman La Defense Paris from global investment manager, Invesco Real Estate, acting on behalf of one of its dedicated hotel funds. Accor will continue to operate the hotel under a long-term lease agreement. More>>

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REIT LaSalle acquires Portland's Heathman Hotel   18 Dec, 2014

One of Portland's more well-known hotels has a new owner. Bethesda, Md.-based REIT LaSalle Hotel Properties has acquired the Heathman Hotel, reports the Portland Business Journal, which adds that long-time GM Chris Erickson, who had been at the property since 2006, and DOSM Stephen Galvan were...More>>

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Ireland's Dalata makes splashy €455-million buy   18 Dec, 2014

Dalata, which operates 38 hotels comprising 6,000 rooms solely in Ireland, is set to acquire most of the Moran Bewley’s Hotel Group for a reported €455 million, or around US$560 million. Dalata is acquiring nine of the Moran hotels, comprising 2,506 rooms in Ireland and Britain. More>>

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HREC arranges sale of Sheraton Denver Tech Center   17 Dec, 2014

HREC Investment Advisors successfully brokered the sale of the Sheraton Denver Tech Center, in Greenwood Village, a suburb of Denver, representing the seller of the 263-room full-service hotel. The selling group consisted of funds affiliated with Varde Partners, Waramaug and Interstate Hotels. More>>

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Hyatt sells Toronto Park Hyatt for $90M   17 Dec, 2014

Oxford Properties Group has purchased the 346-room Park Hyatt Toronto hotel from Hyatt for approximately US$90 million or $260,000. Oxford intends to spend approximately $25 million more in additional capital expenditures over the next five years. Hyatt will continue to operate the hotel. More>>




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