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Houston REIT to purchase HGI near Arboretum in Austin   30 Sep, 2014

Houston-based Moody National REIT is under contract to purchase the Hilton Garden Inn near the Arboretum in Austin for $29.25 million, reports the Austin Business Journal. It also reports that the Travis Central Appraisal District values the 138-room hotel and adjacent land at $13.76 million.More>>

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Ottawa Quality Inn changing hands   25 Sep, 2014

The 212-room Quality Inn in Ottawa, at Rideau Street and King Edward Avenue, is set to be sold to an undisclosed buyer who recently made an unsolicited offer on the property, reports the Ottawa Citizen. The sale will reportedly close around December 1. More>>

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Hawaii-based Outrigger acquires Konotta Island Resort in Maldives   25 Sep, 2014

Hawaii's Outrigger Enterprises Group has purchased the Konotta Island Resort in the Republic of Maldives for an undisclosed amount. The hotel is expected to open as the Outrigger Konotta Maldives Resort next summer following a renovation. More>>

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UK golf resort transactions make a rousing comeback   25 Sep, 2014

While last year could have been characterized as a double bogey in terms of single-asset golf resort transactions, this year has been a string of birdies. In advance of golf's Ryder Cup, which begins Friday and runs through the weekend at Gleneagles in Scotland, HVS reports that hotel investors'...More>>

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NHL's Lightning owner in line to buy Tampa Marriott Waterside   24 Sep, 2014

Tampa Bay Lightning owner Jeff Vinik appears to be in line to acquire the Tampa Marriott Waterside Hotel and Marina, reports the Tampa Bay Business Journal. No purchase price has been disclosed for the 719-room hotel, which is on the riverfront in downtown Tampa. A deal reportedly could close in...More>>

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Carlyle Group acquires two Islamorada resorts   23 Sep, 2014

The Washington, D.C.-based Carlyle Group has purchased two Islamorada hotels from Starwood Capital with plans to spend $18 million on renovations, reports the Miami Herald. Carlyle bought the 151-room Postcard Inn Beach Resort at Holiday Isle and the La Siesta Resort. The purchase price was not...More>>

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Lowe Enterprises follows up San Jose buy with purchase of Charlotte Aloft   19 Sep, 2014

Lowe Enterprises Investors has acquired the Aloft Charlotte Uptown @ the EpiCentre on behalf of an investment client. The 175-room hotelis in the Uptown District of Charlotte, N.C. LEI affiliate, Destination Management has assumed management of the property. More>>

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Hyatt selling large portfolio of select-service hotels for half a billion   19 Sep, 2014

Hyatt Hotels is taking a course that many other hotel asset owners are doing: selling select-service hotels, and buying or retaining more upscale real estate. Today we learned that the Chicago-based hotel operator will sell 38 domestic select-service properties to Lone Star Funds, the...More>>

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Baton Rouge Marriott bought online for $21 million   18 Sep, 2014

An undisclosed buyer has acquired the Baton Rouge Marriott in Louisiana for $21.4 million—the transaction having taken place on an online auction. NOLA.com reports that local developer Mike Wampold bid $13 million for the property but was outdone by the mystery buyer.More>>

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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>>




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