Hamburg-based real estate fund management company Union Investment Real Estate is continuing to expand in Europe, now with the acquisiiton of the Barceló Raval, a four-star hotel in Barcelona, for €37 million. The 186-room hotel is leased to Spanish operator Barceló Hotels and Resorts for 20...More>>

That's the question today out of Austin, Texas. The downtown hotel may change ownership this week, according to the Austin American-Statesman, and Hyatt could bethe buyer, though it's still cloudy. The 188-room hotel—one of Austin's oldest and best-known—has been owned since October 2005 by Los...More>>

Paramount Lodging Advisors acted as advisor to LNR Partners on the sale of the 73-room Hampton Inn located at 325 Sam Hill Drive in Marshall, Mich. The hotel opened in 2004 and benefits from its proximity to Interstate 94 allowing the property to capture both transient and corporate business. The...More>>

BRS Ventures, an affiliate of Pacific Hospitality Group, has purchased Bacara Resort & Spa in Santa Barbara, Calif., for an undisclosed price from SB Luxury Resort, an affiliate of Ohana Real Estate Investors and Rockpoint Group, which have owned the property since 2011. Bacara Resort & Spa opened...More>>

The New York Times reports that a group led by the Carlyle Group agreed to buy 7 Days Group Holdings, a Chinese economy hotel chain, for about $689 million, with the intent to take it private. The Times reports that the sale of 7 Days comes as many Chinese companies that sought listings in the U.S....More>>

Today, Interstate Hotels & Resorts announced it acquired the management platform of the U.K.-based Sanguine Hospitality. As part of the transaction, Interstate will take management of 14 hotel properties in the U.K. comprising more than 1,900 guestrooms. Interstate's CEO Jim Abrahamson spoke...More>>

The Birmingham Business Journal reports that Carey Watermark Investors has acquired the 133-room Hampton Inn Birmingham-Colonnade in Alabama for $14.4 million. The seller was Memphis-based FWH Birmingham Colonnade LLC, which shares an address with real estate firm Woodyard Realty Corp., according...More>>

Starwood Capital Group has continued its European expansion with the acquisition of the Principal Hayley Group, a business, conference & events hotel group, with a collection of 23 city-center hotels and conference and training venues across the UK and Europe. The group includes hotels such as The...More>>

The letter of intent with NH Hoteles, which totals investments of $375 million, also includes a property in New York City.More>>

Industry veterans predict 2013 to be the year when transactions finally start to sustain momentumMore>>