 | Newswire
Holiday Inn Express Guadalajara purchased by Mexican REIT 22 May, 2013
Fibra Inn, a Mexican real estate investment trust, has completed the acquisition of the Holiday Inn Express Guadalajara UAG hotel for a sum of around $15 million. It was an all-cash transaction. The hotel is part of the purchase of five additional properties. The 100-room hotel is expected to add...More>>
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 | Newswire
Red Carnation Hotels acquires Ireland's Ashford Castle for €20 million 22 May, 2013
The castle hotel was sold on behalf of receiver Ernst & Young Ltd. through broker Savills Plc (SVS). In October, when the hotel was put up for sale, the asking price was €25 million, and Red Carnation acquired the property for €20 million. Irish developer Gerry Barrett paid €50 million for...More>>
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 | Newswire
While EU hurts, hotel transactions soar 22 May, 2013
According to Jones Lang LaSalle, hotel deals soared in the first quarter, with sales volume reaching $5 billion for the Europe, Middle East and Africa region, up 45 percent from last year, The Wall Street Journal reports. While volume is expected to slow in the second half of the year, the total...More>>
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 | Newswire
CBRE acquires San Jose Marriott for $83 million 21 May, 2013
The Mercury News reports that CBRE Global Investors has paid $83 million for the 506-room San Jose Marriott Hotel. The 28-story hotel is located on South Market Street and West San Carlos streets next to the city's convention center, now undergoing a major expansion and renovation. The property was...More>>
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 | Newswire
Ashford Hospitality acquires Key West's Pier House for $90M 8 May, 2013
Ashford Hospitality Trust has acquired the 142-room Pier House Resort and Caribbean Spa in Key West, Fla., for $90 million in cash, or $634,000 per key. The acquisition is expected to close within the next 15 days. Ashford intends to replace the property manager with Remington Lodging, which...More>>
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 | Newswire
GF Management affiliate acquires Orlando Hilton Garden Inn 7 May, 2013
GF Management has announced that its affiliate, HGILM Associates, has acquired the 123-room Hilton Garden Inn Orlando North/Lake Mary, which will maintain its affiliation with the Hilton Garden Inn brand and stay open during a renovation north of $2 million, which will take place during the next 6...More>>
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 | Newswire
Sunstone buys Boston Park Plaza Hotel for $250M as Q1 revenue climbs 7 May, 2013
According to multiple sources, Sunstone Hotel Investors has agreed to buy the 1,053-room Boston Park Plaza Hotel & Towers for $250 million. The REIT also plans to invest an undisclosed amount on renovations, including upgrades of the hotel’s elevators and facade. Longer term, the company may...More>>
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 | Newswire
Talks begin on possible sale of Fairmont Dubai 6 May, 2013
Bloomberg reports that IFA Hotels & Resorts Co., a company partly owned by Saudi billionaire Prince Alwaleed Bin Talal, is in talks with several Middle East investors to sell the Fairmont Dubai, which sits at the trunk of Palm Jumeirah. Discussions convened as a who's who of hotel investment in the...More>>
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 | Newswire
Grace Hotels expands into North Africa with Morocco acquisition 3 May, 2013
Grace Hotels has announced its entry into the North African region with the acquisition of the Les Terres M’Barka, a boutique hotel located near the village of Tamesloht, about 13 miles southwest of Marrakech. The hotel will become known as Grace Marrakech. The hotel has 18 suites and lofts, a...More>>
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Newswire
News Briefs 24 Apr, 2013
Here’s the latest on acquisition, sales and redesign news.More>>
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