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Assila Investments signs MOU for debut Saudi Arabia Shangri-La   29 May, 2015

Slated to open in early 2018, the Shangri-La in Jeddah will be the brand's first in Saudi Arabia.More>>

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Venture bets big on full-service with DoubleTree in Orlando buy   28 May, 2015

AWH Partners, a real estate investment, development and management firm, in partnership with Building and Land Technology, a real estate private equity, development and property management firm, made the off-market acquisition of the 1,004-room DoubleTree by Hilton Orlando at Sea World. More>>

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U.S. Q1 hotel transactions reach 320   27 May, 2015

There were 320 reported hotel sales in the first quarter of 2015, according to Lodging Econometrics. This represents an 85-percent increase compared to the 173 hotel transactions with a recorded selling price that occurred in the first quarter of 2014. More>>

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Westin Sydney sold for $445.3 million   26 May, 2015

A joint venture between Singaporean developer Far East Land and the Hong Kong-listed Sino Land Co. purchased the 416-room property, which includes a significant amount of retail space. Seller GIC purchased the hotel for $160 million in 2002.More>>

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Ulster Bank to sell Irish hotels portfolio   26 May, 2015

Ulster Bank has agreed to the sale of its Project Coney portfolio to Sankaty Advisers, a U.S.-based affiliate of investment group Bain Capital. The portfolio comprises loans relating to 36 hotels and other commercial assets. It is not clear how much Sankaty paid, reports The Irish Times, but the...More>>

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Vancouver group acquires Fairmont Vancouver for $180M   26 May, 2015

Vancouver’s Fairmont Hotel has been acquired by West Vancouver-based Larco Enterprises for $180 million. The transaction of the 1939-built hotel pushes Larco’s hotel portfolio to 13 hotels, including eight in Ontario, four in Metro Vancouver and one in Las Vegas.More>>

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Starboard buys five ibis hotels from Accor   26 May, 2015

Hotel developer and operator Starboard Hotels has purchased five ibis hotels in the UK from HotelInvest parent company Accor, as part of a roughly $35-million portfolio sale of seven properties. The five hotels, in Gatwick, Plymouth, Birmingham Bordesley Circus, Sheffield and Leicester, total 469...More>>

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​Banyan Investment Group, Investra Investments purchase Albany Hampton   22 May, 2015

The property will undergo a multi-million dollar renovation during the next few months that are reportedly expected to meet or exceed the architectural and design standards specified by Hilton Worldwide. More>>

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Oaktree Capital buys remaining interest in London Hilton   22 May, 2015

Property investment and development business Quintain accepted the offer for its 50-percent interest in the 361-room Hilton hotel at Wembley Park for a gross consideration £40m. The hotel opened in July 2012.More>>

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Starboard buys 5-hotel portfolio in England   22 May, 2015

The five hotels, in Gatwick, Marsh Mills Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, total 469 bedrooms. They will be operated by Starboard under the ibis franchise for a further 20 years as part of the agreement.More>>




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