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China's Jin Jiang buys controlling stake in budget 7 Days   21 Sep, 2015

The merger we thought would happen has. China's Shanghai Jin Jiang International Hotels is making a big push on the economy front having acquired a controlling stake in budget hotel chain 7 Days Group Holdings. The plus-billion-dollar deal now makes Jin Jiang one of the largest hotel groups in the...More>>

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Thailand's TCC Group looks to expand hospitality business   18 Sep, 2015

TCC Land Group, a property arm of Thai beverage tycoon Charoen Sirivadhanabhakdi's empire, has set aside an investment budget of more than Bt50 billion for next year's business. The company reportedly plans to develop a four-star hotel under the Marriott brand.More>>

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Historic boutique hotel in Cornwall on the market   18 Sep, 2015

A former judge's court that dates back to the 18th century in Bodmin is on the market for £1.2 million.More>>

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Minor Hotel Group to develop Anantara Durrat Al Bahrain Resort   18 Sep, 2015

Minor Hotel Group is expanding in the GCC with the development of Anantara Durrat Al Bahrain Resort in partnership with Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain.More>>

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Why Asian investors are buying Australia's hotels   17 Sep, 2015

Australia's hotel market has emerged a key investment hotspot in Asia Pacific, with more than $2.5 billion in transactions completed in the first half of 2015—the second largest transaction pipeline across the region, according to CBRE.More>>

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Starwood to sell Westin Excelsior Rome for $251 million   16 Sep, 2015

Katara Hospitality has agreed to purchase the century-old property and to keep Starwood on as the managing agency. More>>

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Sale of Milan's Hermitage Hotel finalized for $23.1 million   16 Sep, 2015

The deal, which included Emiliana Grandi Alberghi EGA Srl and Immobiliare Fiomes Srl, reached 20.6 million euros ($23.1 million), and included both the property and the management rights. More>>

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Edinburgh's Crowne Plaza goes up for sale following Prima collapse   14 Sep, 2015

JLL Hotels and Hospitality Group has been appointed by joint administrators at AlixPartners to dispose of the 100-room property, which was among five hotels called into administration when Prima collapsed in May this year.More>>

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Prince Alwaleed bin Talal's firm sells stake in Kenyan safari hotel   11 Sep, 2015

Kingdom Hotel Investments, the investment firm owned by billionaire Prince Alwaleed bin Talal, has announced the sale of its 75-percent interest in the Fairmont Mount Kenya Safari Club for $18 million. KHI will continue to be stakeholders in the property through its interest in the management...More>>

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Dubai attracts more international developers   9 Sep, 2015

With a new Edition hotel slated for 2018 and 1,000 new Millennium & Copthorne rooms on the horizon, global brands are continuing to sign deals for Dubai and the broader UAE.More>>

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