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KSL sells UK's Malmaison and Hotel du Vin chains to Singapore's Frasers   18 Jun, 2015

KSL Capital Partners has completed the sale of the Malmaison and Hotel du Vin hospitality chains to Singapore's Frasers Hospitality. The deal is reported to be worth £363 million or around US$576 million. Hotel du Vin and Malmaison operate 29 boutique hotels across the UK. The hotels had been...More>>

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HREC arranges sale of Houston-area Crowne Plaza   17 Jun, 2015

HREC Investment Advisors has arranged the sale of the 294-room Crowne Plaza Houston Northwest Brookhollow located in Houston, Texas. The buyer, Unique Hotel Management Group, is a regional hotel investor; the seller is a Special Servicer that acquired the hotel through foreclosure.More>>

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Peachtree acquires Jacksonville, Fla., Sheraton   17 Jun, 2015

Peachtree Hotel Group has acquired the 159-room Sheraton Hotel in Jacksonville, Fla., for a purchase price of $15.8 million, or around $99,000 per key. A renovation will ensue at an undisclosed price.More>>

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Portfolio sales the new norm as investors guzzle down midscale hotels   16 Jun, 2015

The midscale sector continues to shine—and investors are taking note. Groups, particularly REITs, are looking to scoop up premium-branded, select-service portfolios, enamored by their high returns and lower operating costs. One REIT, ARC Hospitality, has made big moves of late. It, and others,...More>>

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AHIP makes deal for Fla. Marriott select-service portfolio   15 Jun, 2015

American Hotel Income Properties has agreed to acquire a portfolio of three Marriott-branded, select-service hotels located in Ocala, Fla., for an aggregate purchase price of $30.8 million. The purchase price does not include $3.2 million for the completion of brand-mandated property improvement...More>>

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Ashford continues buying spree with Atlanta W   15 Jun, 2015

Ashford Hospitality Trust has signed a definitive agreement to acquire the 237-room W Atlanta Downtown hotel for $56.8 million, or $239,000 per key, another recent acquisition for AHT, which has been expanding its portfolio of late. AHT said it intends to finance the property with approximately...More>>

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Sam Zell to sell Chicago Waldorf Astoria to former Strategic head   12 Jun, 2015

A venture led by Laurence Geller is set to acquire the Waldorf Astoria in Chicago from Sam Zell for $113 million, or $600,000 per key for the 188-room hotel. The purchase price would reportedly be the highest per-room price ever paid for a Chicago hotel, since Zell originally acquired the property,...More>>

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East Coast Realty Ventures sells Miami's Clinton Hotel for $28.5 million   12 Jun, 2015

The Commercial division for national real estate firm Douglas Elliman, lead in the South Florida market by David Restainer as Douglas Elliman Commercial Florida, was named exclusive broker to market the historic Art Deco property in 2014.More>>

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WHI sells Holiday Inn in Joplin, MO   12 Jun, 2015

The property was sold to Conor Acquisitions Group at an undisclosed price and will be converted to a DoubleTree Hotel after completion of the planned $6 million renovation during the next twelve months. More>>

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Europe's KKR, Algonquin make two buys in Antwerp   11 Jun, 2015

Global investment firm KKR has announced the purchase of the Radisson Blu Astrid Hotel and the Park Inn Hotel in Antwerp, Belgium, in a joint venture with Algonquin, an independent hotel group with offices throughout Europe. Both the 247-room Radisson Blu and the 59-room Park Inn are situated on...More>>

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