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Australia's Woolworths sells $603M hotel portfolio   8 Sep, 2014

Charter Hall Group will lead a consortium in the purchase of a $603-million portfolio of properties from Woolworths subsidiary ALH Holdings, several outlets are reporting. Charter Hall will partner with superannuation fund Hostplus in the venture, which will see the portfolio leased back to ALH...More>>

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Rocco Forte sells Lowry Hotel to Westmount for £40M   5 Sep, 2014

The Lowry Hotel in Manchester, UK has been acquired by Westmount Hospitality Group and another investor for £40 million, £10 million less than seller Rocco Forte Hotels put it on the market for back in 2007. More>>

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DiamondRock acquires Key West resort for $47M   5 Sep, 2014

DiamondRock Hospitality recently acquired the 106-room Inn at Key West in Key West, Fla., for a contractual purchase price of $47.5 million, or $448,000 per room. The purchase price represents a 12.1 multiple on forecasted 2014 hotel EBITDA of $3.9 million and a 7.6-percent capitalization rate. More>>

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Chesapeake buys JW Marriott in San Fran's Union Square for $147M   5 Sep, 2014

Chesapeake Lodging Trust has entered into an agreement to acquire the 337-room JW Marriott San Francisco Union Square for a purchase price of $147.2 million, or approximately $437,000 per key. More>>

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Deemed the dirtiest in New York, Hotel Carter has a new owner   5 Sep, 2014

It's been called the "dirtiest hotel in New York City," but it still commanded a pretty price tag to acquire. According to multiple outlets, New York real estate mogul Joseph Chetrit has acquired the Hotel Carter in Times Square for $190 million. More>>

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Hunter sells two S.C. hotels on behalf of Stabilis Capital    4 Sep, 2014

Hunter Hotel Advisors represented the New York City-based investment firm Stabilis Capital Management in the $10.3 million sale of two South Carolina hotels: the 85-room Country Inn and Suites, in Summerville, S.C., and the 81-room Country Inn and Suites, in Orangeburg, S.C.More>>

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CSM Lodging partners with Garrison Investment; sells 10 hotels   4 Sep, 2014

CSM Lodging has announced a partnership with Garrison Investment Group for the sale of 10 hotels, a decision in CSM’s development strategy that further positions the company for future growth.More>>

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How Accor is bucking the asset-light trend    26 Aug, 2014

Accor announced that HotelInvest, the group's hotel owner and investor business, has purchased a portfolio of 13 UK hotels from Tritax for a total of €89 million (around $117 million). The hotel company, which operates mostly in the economy and midscale segments, is looking to acquire real...More>>

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NY group picks up Buffalo Holiday Inn   22 Aug, 2014

Visions Hotels has emerged as the owner of the 199-room Holiday Inn Buffalo-Amherst, paying $4.6 million via an online auction run by CW Capital Asset Management and, reports Buffalo Business First. Bids reportedly began at $1.375 million.More>>

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Blackstone buying Tampa Westin   22 Aug, 2014

The owner of the Westin Harbour Island hotel in Tampa, Fla., is selling the hotel and surrounding property to Blackstone Group for a reported $49.5 million. Wilder Corp. has owned the property since 2005. More>>

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