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Chinese investment group buys L.A. hotel next to Staples   7 Aug, 2014

Shenzhen Hazens Real Estate Group Co., one of the largest development companies in China, has purchased the Luxe City Center Hotel and two adjacent parcels for $105 million, reports the L.A. Business Journal. The hotel property was sold by Beverly Hills developer Emerik Properties Corp.More>>

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IHG to sell Le Grand Hotel Paris for $442 million   7 Aug, 2014

Multiple outlets are reporting that InterContinental Hotels Group has received a $442-million cash offer from Constellation Hotels Holding Ltd. for its Le Grand hotel in Paris. Constellation was also the buyer of the InterContinental London Park Lane and made a majority investment in the...More>>

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Big-tickets deals on the rise   7 Aug, 2014

Peak hotel price tags show a healthy real estate market moving forward. In fact, the U.S. hotel industry broke deal records in late 2013 with several deals exceeding $1 million in price per room. More>>

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Hyatt completes purchase of Park Hyatt New York for $390M   6 Aug, 2014

Hyatt Hotels Corporation has acquired 100 percent of the 210-room Park Hyatt New York for approximately $390 million, inclusive of pre-opening and related costs, the company reports. The hotel is expected to open later this month.More>>

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Hawaii's Kahala buy demonstrates continued Japanese overseas investment   4 Aug, 2014

The Kahala Hotel & Resort has been sold to Japan-based Resorttrust for $300 million in a deal expected to close late next month. The hotel was acquired from Kahala Hotel Investors.More>>

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New Spanish REIT Merlin pays €260M for A Coruna mall-hotel complex   1 Aug, 2014

In what Property Investor Europe reports to be the largest single-asset shopping centre investment in Spain since 2008, newly-formed REIT Merlin Properties has paid €260 million to acquire the Marineda City mall and hotel in Spain's second-largest retail and hospitality complex near the town of A...More>>

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Billionaire Larry Ellison buys Hotel Lanai on island he already owns   1 Aug, 2014

Oracle Corp. CEO Larry Ellison has acquired the 10-room Hotel Lanai from Lanai Hospitality Partners for an undisclosed amount. The hotel is managed by Aqua Hospitality and includes a 90-seat restaurant. Terms of the deal were not disclosed.More>>

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Lodging Dynamics continues buying push   30 Jul, 2014

Lodging Dynamics Hospitality Group has announced another acquisition through the company's affiliated equity fund, LD Hotel Group I, which is raising $60,000,000 to fund future acquisitions. The fund purchased its second hotel, a 90-room Holiday Inn and Suites in Overland Park, Kansas. More>>

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Hall of Fame: Cooperstown Country Inn sells for $4M   30 Jul, 2014

MBA Hotel Brokers closed on the sale of the Country Inn & Suites in Cooperstown, N.Y., home of baseball's Hall of Fame. MBA represented the seller, Northern Lights Land Company. The hotel was purchased by HUM Hospitality who plans to continue to operate as a Country Inn & Suites. The final sale...More>>

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Noble Investment scoops up Miami SpringHill   29 Jul, 2014

Noble Investment Group has acquired the SpringHill Suites by Marriott Miami Airport South. The property, which recently completed a comprehensive renovation, will be the second Miami hotel in Noble's portfolio. More>>




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