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DelMonte Hotel Group closes on sale of four Fairfield properties   21 Jan, 2015

The DelMonte Hotel Group has closed on the sale of four of its Fairfield Inn properties. Effective January 21, the hotels will be owned and managed by Vision Hotels. This sale marks the company’s first large-scale strategic divestiture in its history. A sale price was not disclosed.More>>

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Blackstone cashing out of Chicago area Marriott   21 Jan, 2015

Blackstone Group is reportedly selling the 184-room Marriott Chicago Southwest in Burr Ridge, Ill., to an investment firm based in Louisville, Ky., about two years after it acquired the distressed asset. The purchase price was not disclosed. More>>

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Deals roundup: Top transactions in UK, Malta   20 Jan, 2015

In the last week alone, four notable deals were signed for hotels in the UK, and two for the intimate island of Malta. Here's what you might have missed on these two evergreen markets.More>>

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AHT shells out $43.5M for Memphis Marriott East   20 Jan, 2015

Ashford Hospitality Trust has signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for $43.5 million in cash, or $187,500 per key. The acquisition is expected to close within the next 30 days. The property will subsequently be managed by Remington Lodging.More>>

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Radisson Blu Hotel in Edinburgh sold in record deal   19 Jan, 2015

The Radisson Blu Hotel on Edinburgh's Royal Mile in Scotland has been sold to German investment firm Deka Immobilien GmbH for an undisclosed sum. The deal for the hotel, which had invited offers of £59 million, is said to be “the largest hotel transaction in Scotland since 2007.”More>>

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Corinthia Group investment arm to acquire Malta's Island Hotels   16 Jan, 2015

Regional consolidation continues. The latest news comes out of Malta, where International Hotel Investments (IHI), the investment arm of the Corinthia Group, has signed a conditional agreement to acquire the assets and operations of Island Hotels Group, which operates two Radisson Blu hotels in...More>>

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Jin Jiang deal to acquire France’s Louvre Hotels Group now a go   15 Jan, 2015

Jin Jiang's deal to acquire France’s Louvre Hotels Group from Starwood Capital Group is now signed, sealed and delivered. Here are further details on the deal that were first reported on back in November, as Chinese companies continue to make large global acquisitions. More>>

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Topland's buy of UK's Feathers Group includes Best Western-branded hotels   14 Jan, 2015

Topland, a UK-based private investment company, has acquired England's Feathers Group for an undisclosed sum. The acquisition represents 726 rooms across Best Western-branded properties in Manchester, Liverpool, Chester, Preston and Warrington. More>>

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Starwood Capital acquires Scotland's Town House Collection   14 Jan, 2015

Starwood Capital Group has acquired Scotland's independent hotel group The Town House Collection for an undisclosed sum. The transaction includes Glasgow's luxury Blythswood Square hotel and boutique Edinburgh hotel The Bonham. The Town House Collection was founded by Scottish hotelier Peter Taylor...More>>

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LIC Holiday Inn sells for almost $40M less than original listing   14 Jan, 2015

After Long Island City's (Queens) Holiday Inn Manhattan View hit the market in June for $59 million, the 136-room hotel has now finally sold, but for $21.9 million, or just over one third of its asking price, according to property records and as reported by The Real Deal. More>>

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