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Atlantis announces new Dubai resort   17 Sep, 2014

This week, ruler Sheikh Mohammed bin Rashid Al Maktoum approved the construction of a new resort on the Palm Jumeirah island by the Investment Corporation of Dubai.More>>

The Roxburghe Newswire
Buyers upbeat about European markets   15 Sep, 2014

A confluence of investor confidence, improved operating fundamentals and easier access to debt has made for a percolating hotel transactions market in Europe.More>>

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Broward County Hampton sells for 73-percent premium   12 Sep, 2014

The Hampton Inn in Plantation, Fla., was reportedly sold for $13 million, a 73-percent premium to its prior deal. Prince-Bush Investments-Plantation sold the hotel to Midas Plantation, an affiliate of St. Louis-based Midas Hospitality. This is Midas Hospitality’s first hotel in Florida.More>>

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Four Wichita hotels sold to Starwood Capital in multistate deal   12 Sep, 2014

Starwood Capital Group has reportedly purchased four Wichita, Kan., hotel properties as part of a more than $50 million multi-state deal that included both Marriott and Hilton brands. More>>

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Florida developer makes $90M cash bid for AC's Revel   11 Sep, 2014

That didn't take long. According to multiple outlets, only days since the Revel hotel in Atlantic City was shuttered, a Florida developer has stepped forward with a cash bid for the property. Here's how much and if it will go through.More>>

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REIT Summit buys Houston Hilton Garden Inn   10 Sep, 2014

Summit Hotel Properties has acquired the Hilton Garden Inn located in the Energy Corridor of Houston. The acquisition marks the second Hilton Garden Inn owned by Summit in the Houston area. Concurrently, Summit announced it sold the Hampton Inn, in Fort Smith, Ark. More>>

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LaSalle sells Newport, R.I., indy hotel for $77M   10 Sep, 2014

LaSalle Hotel Properties has entered into a definitive contract to sell the Hotel Viking in Newport, R.I., for $77 million. The company expects the transaction to close this week. LaSalle acquired the hotel in 1999 for $27 million. The buyer was not initially disclosed. More>>

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GledenInvest completes acquisition of Prague's Augustine Hotel   9 Sep, 2014

GledenInvest has completed the acquisition of the Augustine Hotel in Prague. Terms of the transaction were not disclosed. The hotel will reportedly undergo an imminent rebranding and be operated by an international hotel operator. The hotel currently has 101 rooms.More>>

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Australia's Woolworths sells $603M hotel portfolio   8 Sep, 2014

Charter Hall Group will lead a consortium in the purchase of a $603-million portfolio of properties from Woolworths subsidiary ALH Holdings, several outlets are reporting. Charter Hall will partner with superannuation fund Hostplus in the venture, which will see the portfolio leased back to ALH...More>>

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Rocco Forte sells Lowry Hotel to Westmount for £40M   5 Sep, 2014

The Lowry Hotel in Manchester, UK has been acquired by Westmount Hospitality Group and another investor for £40 million, £10 million less than seller Rocco Forte Hotels put it on the market for back in 2007. More>>




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