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Chinese hotel trust look to sell 600 million shares   9 Jul, 2014

A Chinese hotel trust has started taking orders for a Hong Kong initial public offering that is expected to raise up to $437 million, the Wall Street Journal is reporting.More>>

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Seattle developer buys Victoria's Fairmont Empress    8 Jul, 2014

Nat Bosa, the developer of the two-tower Insignia project in downtown Seattle, and his wife have purchased the Fairmont Empress in Victoria, British Columbia, for an undisclosed amount. However, the hotel is valued at $89.9 million Canadian. More>>

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SREE acquires South Carolina Courtyard   8 Jul, 2014

SREE Hotels, a hotel development and management company based in Charlotte, N.C., has announced the acquisition of the 189‐room Courtyard by Marriott Columbia Downtown at USC in Columbia, S.C. The new owners plan a $4-million renovation to upgrade the interior and exteriorMore>>

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Sage Hospitality acquires Minneapolis-area Marriott   3 Jul, 2014

Sage Hospitality has acquired the Marriott Minneapolis Southwest in Minnetonka, Minn. Sage intends to invest more than $10 million into staffing and a full renovation of all public spaces and guestrooms in the 321-room hotel. Terms of the deal were not disclosed. More>>

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Paramount Lodging Advisors arranges sale of TownePlace Suites Silicon Valley    2 Jul, 2014

Paramount Lodging Advisors has announced the sale of MN Newark's interest in the TownePlace Suites by Marriott in Newark, Calif., to Moody National REIT 1. The hotel was sold for $11.4 million.More>>

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Delaware group buys Hilton Knoxville for $25 million   2 Jul, 2014

The Hilton Knoxville has a new owner: The Buccini/Pollin Group, a development and management company based out of Delaware, finalized the purchase of the 317-room downtown hotel last week for just over $25 million.More>>

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Union Investment buys Radisson Blu in Amsterdam    1 Jul, 2014

Union Investment has acquired the Radisson Blu Amsterdam. The 252-room hotel opened in 1990 and is fully leased to Carlson Rezidor Group, with 22 years remaining on the lease. The property will be added to the portfolio of the UniInstitutional European Real Estate fund.More>>

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SpringHill Suites near Miami airport acquired for $25.6M   1 Jul, 2014

The SpringHill Suites Marriott near Miami International Airport was acquired by Delaware-based company NF II Miami South, an affiliate of Georgia-based Noble Investment Group, for $25.6 million.More>>

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Mumford brokers Radisson Hotel Cincinnati Riverfront deal   30 Jun, 2014

Mumford Company represented SMC Hotel Partners in the sale of the Radisson Hotel Cincinnati Riverfront of Covington, Ky., to Tasico Garfield. The purchasers were a Canadian investment group that plans to make extensive renovations to the hotel and to retain the Radisson franchise.More>>

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Warimpex sells Hotel Savoy in Prague   30 Jun, 2014

Warimpex has announced the sale of its Hotel Savoy in Prague to a private international investor. The transaction closed June 27, and the parties involved in the deal agreed not to disclose any information on the purchase price.More>>




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