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China's Sunshine Insurance strikes big in Manhattan   9 Feb, 2015

While China's Anbang Insurance made big headlines for its buy of the Waldorf Astoria in New York, another Chinese insurer could be the biggest player in the hotel real estate market when it's all said and done. More>>

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HREC arranges sale of Georgia Ramada    6 Feb, 2015

HREC Investment Advisors has arranged the sale of the 79-room Ramada Limited in Forest Park, Ga. The buyer was HR Hotel Management. A purchase price was not disclosed. The hotel is located approximately five miles south of the Hartfield-Jackson Atlanta International Airport. More>>

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NH Hotel Group acquires Colombian group Hoteles Royal   6 Feb, 2015

By the end of 2015, NH Hotel group should be the 100-percent owner of Colombia's Hoteles Royal capital, acquired at a price of 65.5 million euros, or about $74 million. The transaction is expected to be partly financed with proceedings of the sale of NH Bogotà Parque 93 and NH Sotogrande.More>>

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Radisson Blu in Birmingham, UK, acquired by Dubai group   30 Jan, 2015

Royal Gulf Ltd, part of Dubai-based Select Group, has acquired the 211-room Radisson Blu hotel in Birmingham. The hotel opened in 2006 and is reportedly the tallest building in Birmingham with 39 floors including the residential component. It was designed by Italian designer Matteo Thun. A purchase...More>>

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California Montage and Westin sell for more than $300 million each   30 Jan, 2015

There's one thing all hotel sellers can agree on: "I wish they all could be California..." And they aren't referring to the state's women (as the Beach Boys were); rather, its real estate. Two recent hotel sales point to this. More>>

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Arizona Country Inn & Suites sells for $10.9 million   26 Jan, 2015

Suites of Arizona sold the 126-unit, interior-corridor property to KCS Investment for $86,500 per room, which represents more than 98 percent of the list price. The hotel was built in 1998 and is located five miles west of Phoenix-Mesa Gateway Airport and 22 miles east of Phoenix Sky Harbor...More>>

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Crowne Plaza in Bloomington, Minn., sells for $30M   23 Jan, 2015

Minnesota's Keading Management has acquired the Crowne Plaza in Bloomington, Minn., for $30 million, reports the Minneapolis/St. Paul Business Journal. The 430-room hotel, which had been on the market since last May, was sold by New York-based Trinity Hotel Investors and Boston-based BayNorth...More>>

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HEI sells Houston Aloft Galleria   23 Jan, 2015

HEI Hotels & Resorts has sold the 152-room Aloft Houston Galleria. The buyer and price were not disclosed, though reports are that Westpark I, a Melville, N.Y.-based group bought the property. HFF represented HEI in the sale, which closed on Dec. 22. HEI will continue to manage the hotel, a few...More>>

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Developers turn attention to Midwest   21 Jan, 2015

Hotel buyers and developers are paying attention to the Midwest now.More>>

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Luxury makes a stirring comeback   21 Jan, 2015

The appetite for high-end lodging appears to be gushing as developers hunt for projects.More>>




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