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First half of year sees European hotel deals soar   21 Jul, 2015

European hotel transactions at this point are just showing off. According to JLL, transactions in the region surged an impressive 85 percent in the first half of the year versus the same time last year to €13.2 billion. Most of the action occurred in the UK, which accounted for nearly 50 percent...More>>

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In Shanghai, Disney aims high   21 Jul, 2015

The opening of Shanghai Disneyland in spring 2016 will mark the arrival of international theme park resorts to mainland China, affording Disney a chance to tap into hundreds of millions of people who might otherwise not visit Disney resorts in Hong Kong or Tokyo.More>>

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Australia's suburb hotel markets now getting frothy   17 Jul, 2015

A motor lodge in Liverpool, Australia, 20 miles southwest of Sydney, has sold for around US$17 million, a sign that markets outside Australia's CBDs are performing at peak levels. JLL Hotels & Hospitality sold the El Toro Motor Inn Hotel, Liverpool on behalf of Lantern Hotel Group. More>>

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India's Samhi Hotels acquires Four Points Visakhapatnam   17 Jul, 2015

India's Samhi Hotels has reportedly purchased the 124-room Four Points by Sheraton Visakhapatnam from Vizag-based Vishnu Priya Hotels for 90-95 crore. Gurgaon-based Samhi has a development portfolio of 25 hotels, comprising 3,800 rooms. Over the last few years, Samhi has consolidated a portfolio of...More>>

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Pacific Hotel Cairns sold to Australia-based joint venture   15 Jul, 2015

Ascot Capital and Facilimate joined forces to buy the hotel in a deal negotiated by JLL Hotels & Hospitality Group after a campaign that attracted 100 inquiries with 10 formal bids. The hotel has 176 guestrooms, a restaurant, bar, extensive conference and meeting facilities, swimming pool, retail...More>>

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Serviced apartment hotel up for sale in Rotorua, NZ   10 Jul, 2015

The 2,282 square meter, three-story Quest apartment building on Hinemoa St was converted from a commercial office block and cafe in 2012 for the Quest chain. More>>

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UK's boutique hotel market hot with South Yorkshire sale   10 Jul, 2015

​A London-based hospitality group has purchased the 52-bedroom Welcome Inn hotel in Rotherham, South Yorkshire, for a reported seven figures. Christie and Co’s Head of Leisure and Development, Jon Patrick, said that there had been significant interest in the purpose-built property, which opened...More>>

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In InterContinental Hong Kong sale, IHG's asset-light strategy is clear   10 Jul, 2015

InterContinental Hotels Group has agreed to sell its full ownership of the InterContinental Hotel Hong Kong for $938 million to an investor consortium advised and managed by Hong Kong-based private real estate investment firm Gaw Capital Partners. IHG is reportedly set to make a profit of around...More>>

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Subsidiary of NY investment group acquires two UK Ramadas   9 Jul, 2015

Manchester's Ramada Salford Quays and the Ramada Birmingham Mailbox have both changes, acquired by MCAP Global Finance, a UK subsidiary of New York investment advisor Marathon Asset Management. Both hotels were sold in excess of £21.5 million (around US $32 million). More>>

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Movenpick signs deal to open fourth Jeddah hotel in 2019   8 Jul, 2015

The Mövenpick Hotel Heraa Jeddah is one of five new properties being rolled out by the group in KSA over the next four years, with two planned for Riyadh, one for Al Khobar and the 233-key Mövenpick Hotel City Star Jeddah.More>>

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