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Sam Chang sells Hilton Garden Inn Midtown East for $85M   4 Jun, 2014

Philadelphia-based real estate investment trust Hersha Hospitality Trust has acquired the Hilton Garden Inn Midtown East in Manhattan from developer Sam Chang for $85.3 million. The sale comes less than a week after the 205-room property opened. More>>

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Al-Futtaim Group to develop luxury hotel in Riyadh shopping mall   3 Jun, 2014

The Al-Futtaim Group has entered into a joint venture with local partners to develop what is expected to be Saudi Arabia’s largest shopping mall. Once completed, the Riyadh attraction will include a 500-room luxury hotel.More>>

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Carey Watermark adds Sheraton Austin to portfolio   30 May, 2014

Carey Watermark Investors purchased the 365-room Sheraton Austin Hotel at the Capitol through a joint venture with JMI Realty. The hotel will continue to be managed by an affiliate of HEI Hotels & Resorts. The hotel will undergo a comprehensive renovation including guestrooms and public spaces at...More>>

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Loews buys Graves 601 Hotel in Minneapolis   29 May, 2014

The offer for the 22-story, 255-room Graves 601 Hotel Wyndham Grand was too good to turn down, said Benjamin Graves, president and chief operating officer of Graves Hospitality Co., its owner. Graves Hospitality will continue to own and manage several other hotels, including a Marriott Residence...More>>

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New Zealand Hilton sold to Chinese investor group   29 May, 2014

The Hilton in Queenstown, New Zealand has reportedly been sold to Chinese investors, who, as Stuff.co reports, are encouraged by the numbers of wealthy Chinese flocking to the resort.More>>

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Bulgari to open boutique hotel in Dubai   28 May, 2014

Dubai-based real estate development company Meraas Holding has signed an agreement with Bulgari Hotels and Resorts to bring the luxury hospitality brand to the emirate.More>>

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Strategic buys remaining share of Hotel del Coronado from Blackstone    28 May, 2014

Strategic Hotels & Resorts has bought the the portion of the Hotel del Coronado in the San Diego area that it doesn’t already own from joint-venture partner Blackstone Group, in a deal that reportedly values the property at $787 million.More>>

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Carey Watermark continues hot streak with New York buy   28 May, 2014

The 224-room Courtyard Times Square West has a new owner, and it paid a hefty price. The hotel sold for $95 million, which equates to roughly $425,000 per key, demonstrating the unbelievable strength of the Manhattan market and its ability to generate exorbitant real-estate prices. More>>

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Accor buys $1.23bln worth of European hotels   27 May, 2014

Maybe the asset-light approach isn't all it's cracked up to be. Accor has reportedly agreed to buy hotels in Germany, the Netherlands and Switzerland for about $1.23 billion as part of an overall plan to boost the company’s real-estate holdings.More>>

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RLJ acquires two West Coast properties   23 May, 2014

RLJ Lodging Trust has acquired two West Coast hotels: the 256-room Courtyard Portland City Center in Portland, Ore., and the 293-room Embassy Suites Irvine Orange County in Irvine, Calif., in an off-market transaction. The combined purchase price is $120 million.More>>




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