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Fifth Avenue Capital, Waterford partnership buy DoubleTree Little Rock   12 Jan, 2015

FAC-W Markham, a partnership of affiliates of Fifth Avenue Capital and Waterford Hotel Group, has finalized the purchase of the 288-room DoubleTree by Hilton in Little Rock, Ark. The hotel has 288 rooms, the Plaza Grille and Bar, flexible banquet, catering, and meeting space, a business center, and...More>>

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Ashford Trust acquires Austin's Lakeway Resort   12 Jan, 2015

Ashford Hospitality Trust has signed a definitive agreement to acquire the 168-room Lakeway Resort & Spa, in Austin, Texas, for a total consideration of $33.5 million, or $199,000 per key. The acquisition is expected to close within the next 30 days. The hotel has approximately 24,000 square feet...More>>

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Marriott closes on $60M sale of Kauai Lagoons    12 Jan, 2015

Marriott Vacations Worldwide has closed on the $60-million sale of its Kauai Lagoons project to Hawaii developer Ed Bushor, reports Pacific Business News. The oceanfront project, which is near the Lihue Airport, is reportedly one of Hawaii's largest construction projects and was placed on hold...More>>

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Four Points in NOLA suburb sells, switches to Wyndham flag   9 Jan, 2015

The former Four Points by Sheraton in Metairie, La., now has new owners and a new flag. The Times-Picayune reports that OM Capital NOLA acquired the 220-room hotel last month for $11.9 million. The sale was finalized shortly after the hotel switched from a Four Points to a Wyndham Garden, but "it's...More>>

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DKN Hotels expands via buy of Wyndham Garden Ventura Pierpont   7 Jan, 2015

Irvine, Calif.-based DKN Hotels has acquired the 77-room Wyndham Garden Pierpont Inn in Ventura, Calif., for an undisclosed sum. The seller was Brighton Management. With the buy, DKN Hotels now has 12 properties in its portfolio. More>>

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UK hotel investment at eight-year high   7 Jan, 2015

2014 was a good year for UK hotel investment. Really good. According to real estate advisor Savills, transaction volumes in the UK hotel market reached £6.1bn last year, an increase of 55 percent over 2013 and the highest level since 2006. And 2015 could even be better. More>>

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Judge approves sale of Revel for $95.4 million   6 Jan, 2015

A U.S. bankruptcy judge has approved the sale of the now-closed Revel Casino Hotel in Atlantic City to Florida developer Glen Straub for $95.4 million, a price Straub said he now doesn't want to pay. Judge Gloria Burns approved the sale, though rejected his argument that the price should be cut to...More>>

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Chinese conglomerate pays big for Club Med   5 Jan, 2015

Chinese conglomerate Fosun International, after duking it out with Italian investor Andrea Bonomi’s Global Resorts, has agreed to acquire Club Med for a reported €939 million or $1.12 billion. The offer, €24.60 a share, is a reported 45 percent above Fosun’s original €17 a share approach...More>>

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Buccini/Pollin Group completes DoubleTree DFW Airport buy   5 Jan, 2015

The Buccini/Pollin Group, a full-service real estate acquisition, development and management company, has completed the acquisition of the 282-room DoubleTree by Hilton DFW Airport North. The hotel will be operated by PM Hospitality Strategies, Inc. The hotel is located less than two miles from DFW...More>>

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HVMG acquires Greensboro-High Point Airport Marriott   5 Jan, 2015

Atlanta-based Hospitality Ventures Management Group has completed the acquisition of the 299-room Greensboro-High Point Airport Marriott for an undisclosed sum. The company will manage the hotel, bringing its managed portfolio to 38 hotels and 7,194 rooms in 15 states nationwide.More>>




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