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Duluth's ZMC Hotels yet to sell 28-hotel portfolio   4 May, 2015

Last November, ZMC Hotels, based in Duluth, Minn., put a 28-hotel portfolio on the market. Less than a year later, it's failed to sell. More>>

blank Newswire reports $189M worth of deal closings in March    4 May, 2015

Online real estate deal site reported closings on 47 commercial assets in March with a total combined value of nearly $189 million, reports. The surge has been credited to a more robust economy, less distressed assets and an uptick in travel, notes EVP Rick...More>>

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Sydney Hilton acquired by China's Bright Ruby    1 May, 2015

Chinese investment group Bright Ruby has finalized its ­largest ­Australian property acquisition with the purchase of the Hilton Hotel Sydney for $442 million, reports The Australian. The deal was first revealed in March, and is the largest hotel sale of the year, just shy of the record $463...More>>

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CWI acquires dual-brand HGI and Homewood in Atlanta   1 May, 2015

Carey Watermark Investors has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. A purchase price was not disclosed. More>>

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AHT completes acquisition of Gainesville, Fla., Hampton   30 Apr, 2015

Ashford Hospitality Trust has completed the all-cash acquisition of the 124-room Hampton Inn & Suites Gainesville hotel in FLorida for $25.3 million, or $204,000 per key. The company intends to finance the property with approximately $21.2 million of non-recourse mortgage debt.More>>

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Accor sells portfolio of 29 hotels in Germany and The Netherlands    30 Apr, 2015

As part of the restructuring of HotelInvest's assets, Accor announces the sale and franchise-back of 29 hotels (3,354 rooms) in Germany (18 hotels, 2,167 rooms) and the Netherlands (11 hotels, 1,187 rooms) for a total value of €234 million. The selling price amounts to €209m. The undisclosed...More>>

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New World sells three Hong Kong hotels for $2.8 bln   30 Apr, 2015

Abu Dhabi Investment Authority (ADIA) has agreed to buy three Hong Kong hotels from a group led by New World Development Co in a $2.4 billion deal, reportedly the sovereign wealth fund's biggest Asian property investment. The hotels involved are the Grand Hyatt Hong Kong, Renaissance Harbour View...More>>

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Noble Investment Group acquires Ft. Lauderdale Renaissance   29 Apr, 2015

Noble Investment Group has acquired the Renaissance by Marriott Fort Lauderdale Cruise Port. The hotel is located close to the Las Olas/Downtown central business district, Fort Lauderdale International Airport, the Fort Lauderdale Cruise Port and the Broward County Convention Center. The property...More>>

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Tropicana in Las Vegas to be sold for $360 million   29 Apr, 2015

The Tropicana Hotel and Casino in Las Vegas is being sold for $360 million, reports The Associated Press. A group of shareholders, including private equity firm Onex Corp., say they will sell the 58-year-old Tropicana to the casino operator Penn National Gaming Inc. The deal is expected to close...More>>

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International brand investment indicates optimism for Egypt   29 Apr, 2015

While Egypt is still struggling to bring its visitor numbers back to where they were in 2010, several international hotel companies are signing deals to open new upscale and luxury hotels throughout the country—a strong sign of optimism.More>>

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