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Santa Cruz Holiday Inn Express sold for $16.5M   23 Apr, 2014

San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have acquired the 100-room Holiday Inn Express in Santa Cruz, Calif., for $16.5 million. The hotel was bought from BPR Properties of Palo Alto.More>>

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Concord sells 13-hotel portfolio for $240M   21 Apr, 2014

Concord Hospitality Enterprises has sold a portfolio of 13 select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. More>>

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S.F.'s Hotel California plans major renovation after $27M sale   18 Apr, 2014

Pineapple Hospitality, a Bellevue, Wash.-based hotel management company, has acquired the Hotel California in san Francisco, a 101-year-old, 83-room hotel, for $27 million. The hotel, bout from Geary Street Properties, was affiliated with Best Western.More>>

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Designer Tommy Hilfiger acquires Miami's Raleigh Hotel   18 Apr, 2014

Tommy Hilfiger, the fashion designer who helped forge 90s hip-hop fashion, among other styles, is the proud new owner of the Raleigh Hotel in Miami's South Beach, after paying $56 million for the Art Deco property. More>>

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Bloomington, Minn., investor buys Duluth Radisson   17 Apr, 2014

Trinity Hotel Investors has sopld the 288-room Radisson Hotel Duluth Harborview for an undisclosed price to Bloomington, Minn.-based Kaeding Management, which plans a comprehensive renovation. More>>

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DiamondRock completes Chicago-area sale   16 Apr, 2014

DiamondRock Hospitality Company has completed the sale of the Oak Brook Hills Resort, located in a suburb of Chicago. The REIT sold the 386-room hotel to an unaffiliated third party for $30.1 million, including $4.0 million of seller financing. More>>

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Airport hotel near Dublin, Ireland, up for sale   14 Apr, 2014

The Metro Hotel and 30 adjoining apartments at Santry Cross in Ballymun, an area on Dublin's Northside close to Dublin Airport, has gone on sale with a list price of around $7.6 million. More>>

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Virgin Limited Edition adding to its portfolio   14 Apr, 2014

Virgin Limited Edition, Sir Richard Branson’s luxury collection, has reached a preliminary agreement to purchase the Mont Rochelle Hotel and Mountain Vineyard in South Africa. A purchase price was not disclosed.More>>

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WestCap Investments agrees to purchase Maryland Red Roof   11 Apr, 2014

WestCap Investments Corp., a capital pool company, has acquire the Red Roof Inn in Linthicum Heights, Md., for $8.5 million. The three-story property has 132 rooms, was built in 1986 and renovated in 2013. More>>

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Hotel transaction pace set to increase in 2014   11 Apr, 2014

Hotel investment professionals are predicting a robust year ahead for hotel lending and transactions in the coming year, backed by increase in flow of capital.More>>

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