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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>>

The Roxburghe Newswire
Buyers upbeat about European markets   15 Sep, 2014

A confluence of investor confidence, improved operating fundamentals and easier access to debt has made for a percolating hotel transactions market in Europe.More>>

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Broward County Hampton sells for 73-percent premium   12 Sep, 2014

The Hampton Inn in Plantation, Fla., was reportedly sold for $13 million, a 73-percent premium to its prior deal. Prince-Bush Investments-Plantation sold the hotel to Midas Plantation, an affiliate of St. Louis-based Midas Hospitality. This is Midas Hospitality’s first hotel in Florida.More>>

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Four Wichita hotels sold to Starwood Capital in multistate deal   12 Sep, 2014

Starwood Capital Group has reportedly purchased four Wichita, Kan., hotel properties as part of a more than $50 million multi-state deal that included both Marriott and Hilton brands. More>>

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Florida developer makes $90M cash bid for AC's Revel   11 Sep, 2014

That didn't take long. According to multiple outlets, only days since the Revel hotel in Atlantic City was shuttered, a Florida developer has stepped forward with a cash bid for the property. Here's how much and if it will go through.More>>

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REIT Summit buys Houston Hilton Garden Inn   10 Sep, 2014

Summit Hotel Properties has acquired the Hilton Garden Inn located in the Energy Corridor of Houston. The acquisition marks the second Hilton Garden Inn owned by Summit in the Houston area. Concurrently, Summit announced it sold the Hampton Inn, in Fort Smith, Ark. More>>

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LaSalle sells Newport, R.I., indy hotel for $77M   10 Sep, 2014

LaSalle Hotel Properties has entered into a definitive contract to sell the Hotel Viking in Newport, R.I., for $77 million. The company expects the transaction to close this week. LaSalle acquired the hotel in 1999 for $27 million. The buyer was not initially disclosed. More>>




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