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Ashford Prime acquires Ritz-Carlton St. Thomas for $64 million   25 Nov, 2015

The company intends to finance the property with approximately $40 million of non-recourse mortgage debt. The property will continue to be operated as a Ritz-Carlton property under a long-term management agreement. More>>

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Sovereign wealth fund buys New York City's London Hotel   25 Nov, 2015

Blackstone Group sold the hotel to the Abu Dhabi Investment Authority for $382 million. The transfer included a direct sale of the 54-story property for $194 million; the buyer assumed the mortgage of $154 million and purchased the furnishings and fixtures. The ADIA also assumed the ground-lease...More>>

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Chinese hotel group to expand in Thailand   24 Nov, 2015

In March 2016, the Portofino Chiang Mai Business Park will open as Chinese hospitality group Plateno’s second property in the country after the 7 Days Inn in Chiang Mai.More>>

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Rockbridge Capital acquires Oregon Hilton for $44M   24 Nov, 2015

Columbus, Ohio-based Rockbridge Capital purchased the Hilton Eugene (Ore). Rockbridge acquired a majority ownership in the hotel, while allowing former owner Davidson Hotels & Resorts to stay on as the property's manager. In September, Rockbridge also acquired the Valley River Inn in Eugene for...More>>

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South Korea's Mirae buys Fairmont San Francisco   24 Nov, 2015

The Fairmont San Francisco Hotel has been sold to South Korea financial services company Mirae Asset Global Investments for $450 million, around $250 million more than what the sellers Oaktree Capital Management and Woodridge Capital Partners bought the hotel for back in 2012. More>>

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New Zealand glacier hotel goes on the market   24 Nov, 2015

In the New Zealand town of Franz Josef, Westland, a South Island hotel property by the eponymous Franz Joseph glacier is up for grabs. More>>

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China's CEFC acquires Prague's Le Palais Art Hotel   24 Nov, 2015

As part of its wider investment plan for the Czech Republic, Shanghai-based company CEFC Investment (Europe) Company has signed a framework sales contract to take over Le Palais Art Hotel Prague, a luxury property in the city center.More>>

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TJM Atlantic City acquires Philadelphia Radisson   24 Nov, 2015

The recently formed hotel management company purchased the Radisson for $15 million. TJM Atlantic City is a subsidiary of TJM Properties, a privately held real estate firm in Clearwater, Fla.More>>

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East London's first Hotel Indigo to open in 2017   24 Nov, 2015

The 207-room hotel will be east of the City of London, and will be part of a major residential and commercial development project along Leman Street and Aldgate East, close to key business districts including Canary Wharf, the City of London and Liverpool Street. More>>

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Qatar part of fund acquiring hotels in Paris and Tokyo   24 Nov, 2015

The fund has acquired two properties in Paris and Tokyo for $104 million, adding Citadines Suites Champs-Élysées Paris (slated to open in 2018) and the newly opened Somerset Shinagawa Tokyo to the portfolio. More>>

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