 | Newswire
Choosing the right broker takes high priority 28 Feb, 2013
Buyers and sellers feel more comfortable with hotel specialists, especially for high-end dealsMore>>
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Fattal Hotels acquires German Queens Moat Houses portfolio 28 Feb, 2013
The portfolio presently consists of 20 hotels, 15 of them Holiday Inns, four Best Western Hotels and one Queens Hotel. The properties are located in Berlin, Munich, Dusseldorf, Frankfurt, Cologne, Hamburg, Heidelberg, Wolfsburg, Hanover, Baden-Baden, Aachen, Monchengladbach and Karlsruhe. Following...More>>
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Leonardo Hotels acquires Queens Moat House portfolio 28 Feb, 2013
In what well may be one of the largest hotels deals in Europe in recent years, the Israeli company Fattal Hotels, together with a consortium of international investors, signed a binding agreement to acquire the entire share capital of the Queens Moat Houses (Germany) Holding GmbH group of hotels.More>>
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Britannia Hotels acquires second Scottish hotel 22 Feb, 2013
Britannia Hotels has increased the size of its hotel portfolio to 43 with the acquisition of its second Scottish hotel, the Waterside Inn in Peterhead, in a sale brokered by Christie + Co. The 105-room Waterside Inn is located in the north of Peterhead—about 35 miles from Aberdeen. Britannia...More>>
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Tallinn's Scandic Palace Hotel set to be sold 22 Feb, 2013
The Scandic Palace Hotel in central Tallinn, Estonia, is set to be sold to a new ownership group, EfTEN Real Estate Fund and Vello Kunmans AS Esraven, in late April. Scandic Hotels has owned the property and operated Scandic Palace in Estonia since 1999. The hotel opened in 1938. The new owners say...More>>
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Red Lion sells Missoula Hotel; signs franchise agreement 21 Feb, 2013
Red Lion Hotels Corporation has sold the Red Lion Inn Missoula in Montana for $1.95 million to RASM Properties. As part of the sale agreement, the new owners signed a franchise agreement with the company. The Red Lion Inn & Suites Missoula has 76 exterior entry rooms. Red Lion announced in November...More>>
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Confirmed: Berkeley’s Hotel Durant sold for $27 million 21 Feb, 2013
The Daily Californian confirms that Berkeley's 144-room Hotel Durant has been sold to Gemstone Hotels & Resorts for $27.25 million. The sale will result in a number of changes to the hotel, with major modifications in the interior, rooms, lobby and restaurants. As a condition of the purchase, Joie...More>>
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AJ Capital Partners acquires Anguilla's Malliouhana Hotel & Spa 20 Feb, 2013
Adventurous Journeys Capital Partners (AJ Capital Partners) has acquired the Malliouhana Hotel & Spa located in Anguilla. The new ownership group plans to make improvements and has retained Auberge Resorts to lead the renovation and repositioning of the resort. The 55-room Malliouhana sits high on...More>>
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Carey Watermark buys Hilton portfolio for $104 million 19 Feb, 2013
Carey Watermark Investors has acquired five Hilton-branded hotels from entities managed by Fairwood Capital for $104 million, including acquisition-related costs and $64.5 million of debt. The properties are located in Georgia, Tennessee, Louisiana, Alabama and Texas and include the 119-room...More>>
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Trump Plaza in Atlantic City sells for $190 million less than built for 15 Feb, 2013
Trump Plaza, once a star in Donald Trump's Atlantic City empire, has been sold to a California company for the paltry sum of $20 million, a clear message that the heyday for the seaside gambling town may have gone craps. The buyer, The Meruelo Group of Downey, Calif., paid exactly $190 million less...More>>
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