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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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Peninsula Hotels owner combines residences and hotels to expand   8 Jul, 2015

Hongkong and Shanghai Hotels, owner of Peninsula Hotels, is expanding globally, and is using mixed-use structures as a way to hedge its investments, with private residences and hotels operating side by side. Here's how. More>>

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Canada's Fortis to sell 22 hotels as it refocuses on core    7 Jul, 2015

Canadian owner and operator Fortis Inc. has signed a deal to sell the hotel assets of subsidiary Fortis Properties Corp. to an unidentified private investor group for $365 million.More>>

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Starwood sells Element Denver Park Meadows for $15.5M   7 Jul, 2015

​Starwood Hotels & Resorts Worldwide has sold the Element Denver Park Meadows to Denver Hospitality II, LLC. for $15.5 million. The hotel will continue to be affiliated with Starwood Hotels & Resorts and its Starwood Preferred Guest program.More>>

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HREC arranges sale of Crowne Plaza Memphis Downtown Memphis, Tennessee   7 Jul, 2015

“This is the fifth hotel we have sold in Memphis and it highlights a new era of capital infusion from sophisticated investors who understand the positive dynamics of the Memphis market,” Pat Culligan, Principal of HREC, said.More>>

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