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HVMG completes JV acquisition of Atlanta Embassy Suites   30 Mar, 2015

Atlanta-based Hospitality Ventures Management Group (HVMG) has acquired a joint-venture interest in the 261-room Embassy Suites Atlanta – Galleria. HVMG also manages the hotel. Currently HVMG’s managed hotel portfolio consists of 42 hotels in 16 states nationwide, totaling 8,060 rooms.More>>

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Mardan Palace in Turkey up for sale   30 Mar, 2015

The Mardan Palace, in Antalya, Turkey, built by Russian businessman Telman Ismailov in 2009, has been put up for sale by the Antalya 4th Directorate of Bailiff and Execution, reports the Daily Sabah. The sale reportedly is underway as a result of the hotel's debts to Halkbank. An estimated sale...More>>

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Provenance Hotels acquires full stake in Portland's Sentinel   25 Mar, 2015

Provenance Hotels has acquired Woodbine Development Corporation’s 50-percent interest in the Sentinel hotel, in Portland, Ore., and now owns and controls 100 percent of the property that opened in March 2014. The acquisition comes on the heels of Provenance Hotels’ partnership with Thayer...More>>

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U.S. hotels 2014: Investors spent $27.8bln on acquisitions and developments   25 Mar, 2015

Hotel investors spent $27.8 billion on property acquisitions and developments during 2014, according to the Hotel Transaction Almanac and the Hotel Development Almanac, compiled by STR Analytics. During the year, $18.5 billion in hotels changed hands while another $9.3 billion in new hotel projects...More>>

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Apollo to sell Great Wolf Resorts for north of $1 billion   25 Mar, 2015

Water parks are not all child's play. In a deal first announced last night, private equity firm Centerbridge Partners is set to acquire Great Wolf Resorts, the largest U.S. operator of indoor water parks, for $1.35 billion, including debt, from Apollo Global Management. More>>

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Carey Watermark pays $142M for Westin Pasadena   23 Mar, 2015

Carey Watermark Investors Incorporated announced that it has acquired the 350-room Westin Pasadena for $142.5 million, which breaks out to roughly $407,000 per key. The hotel will continue to be managed by HEI Hotels & Resorts.More>>

The recent sale of the Waldorf Astoria in New York to a Chinese insurance group continues to reverberate through the transaction Newswire
Foreign capital leads frothy investment market   20 Mar, 2015

Huge amount of foreign capital is being invested in U.S. real estate, and the wave shows no indication of abating More>>

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Three bold predictions for 2015   20 Mar, 2015

Three predictions about the industry for the rest of 2015More>>

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South Africa's Sun Intl. to buy Peermont in $775M deal   20 Mar, 2015

​South African hotel chain Sun International has announced plans to take over casino resort group Peermont for nearly 9.5 billion rand or nearly US$775 million. Peermont operates a portfolio of gaming and hospitality businesses in SA and Botswana and owns nine casino resorts, including its...More>>

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Solstar Investments' tandem buy outside of Las Vegas   20 Mar, 2015

Solstar Investments of Los Angeles has acquired the 120-room Marriott SpringHill Suites Hotel and the 108-room Marriott TownePlace Suites Hotel located in Henderson, Nev., outside Las Vegas. The 2009-built pair of hotels was acquired from Campbell Lodging, the original owner/developer, with GE...More>>

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