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Lone Star sells Alliance Hotel Group to Parisian asset manager   24 Jul, 2015

Lone Star, Dallas-based private equity group, which is in the process of forming a $1.6-billion company called Amaris through the acquisition of 89 UK hotels, recently sold Alliance Hotel Group, comprising 12 hotels (1,913 rooms) mostly throughout greater Paris under brands such as Mercure, Crowne...More>>

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Ailing Puerto Rican economy turns to tourism for turnaround   23 Jul, 2015

The Caribbean island of Puerto Rico might be a U.S. territory, but it's economy is not yet firing like the mainland's is. Turns out, its greatest resource, tourism, is how the Puerto Rican government believes it can solve its economic woes. It's not the only one who thinks that; U.S.-based...More>>

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Union Investment acquires Andel's Hotel in Berlin   23 Jul, 2015

Union Investment Real Estate, a Hamburg, Germany-based real estate investment firm specializing in making investments in budget and midscale hotel real estate, has acquired the Andel's Hotel in Berlin for 105 million euros. The seller is Warimpex and UBM. It's Union Investment's eighth hotel...More>>

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Echo Entertainment to develop Brisbane's Queen's Wharf   22 Jul, 2015

The project, due for completion in 2022, will include five new hotels, 50 restaurants and bars and a casino. The bid consortium, Destination Brisbane, consisted of Echo Entertainment, Hong-Kong based consortium Far East and Chinese conglomerate Chow Tai Fook. More>>

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Steigenberger Hotels to debut in UAE   22 Jul, 2015

Dubai's Business Bay will get a five-star Steigenberger-managed hotel in October through a contractual partnership with Twenty14 Holdings, the hospitality arm of LuLu Group International.More>>

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First half of year sees European hotel deals soar   21 Jul, 2015

European hotel transactions at this point are just showing off. According to JLL, transactions in the region surged an impressive 85 percent in the first half of the year versus the same time last year to €13.2 billion. Most of the action occurred in the UK, which accounted for nearly 50 percent...More>>

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In Shanghai, Disney aims high   21 Jul, 2015

The opening of Shanghai Disneyland in spring 2016 will mark the arrival of international theme park resorts to mainland China, affording Disney a chance to tap into hundreds of millions of people who might otherwise not visit Disney resorts in Hong Kong or Tokyo.More>>

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Australia's suburb hotel markets now getting frothy   17 Jul, 2015

A motor lodge in Liverpool, Australia, 20 miles southwest of Sydney, has sold for around US$17 million, a sign that markets outside Australia's CBDs are performing at peak levels. JLL Hotels & Hospitality sold the El Toro Motor Inn Hotel, Liverpool on behalf of Lantern Hotel Group. More>>

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India's Samhi Hotels acquires Four Points Visakhapatnam   17 Jul, 2015

India's Samhi Hotels has reportedly purchased the 124-room Four Points by Sheraton Visakhapatnam from Vizag-based Vishnu Priya Hotels for 90-95 crore. Gurgaon-based Samhi has a development portfolio of 25 hotels, comprising 3,800 rooms. Over the last few years, Samhi has consolidated a portfolio of...More>>

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Pacific Hotel Cairns sold to Australia-based joint venture   15 Jul, 2015

Ascot Capital and Facilimate joined forces to buy the hotel in a deal negotiated by JLL Hotels & Hospitality Group after a campaign that attracted 100 inquiries with 10 formal bids. The hotel has 176 guestrooms, a restaurant, bar, extensive conference and meeting facilities, swimming pool, retail...More>>

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