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In spite of room rate drop, investment in Dubai remains strong   6 May, 2015

The March HotStats MENA Hotels Market Review reveals that rates fell to US$380, while occupancy remained stable at 89 percent. A decline in food and beverage contributed to an overall fall in revenues of 9 percent. More>>

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SLS Beverly Hills sells for $195 million   6 May, 2015

SBE, led by Sam Nazarian, has sold the SLS Beverly Hills for $195 million, or around $656,500 per key, to hotel firm Sunrider International. The 297-room luxury hotel opened in 2008. The hotel was reportedly put up for sale a year ago as part of SBE's strategy to reduce real estate holdings while...More>>

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Strategic Hotels' third 2015 deal may be Four Seasons Austin   5 May, 2015

Strategic Hotels is looking to acquire the Four Seasons Austin for $197 million. This is would be the company's first foray into the Austin, which is one of the highest-growth markets in the country. More>>

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HFF closes sale of four-property Texas Aloft hotel portfolio   5 May, 2015

Holliday Fenoglio Fowler, L.P. has closed the sale of a four-property Aloft-branded hotel portfolio with 549 rooms in the Dallas-Fort Worth and San Antonio, Texas, areas. More>>

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Orlando Wow Resort sells for $11.2 million   5 May, 2015

Commercial real estate investment services firm Marcus & Millichap announced the sale of the WOW Resort, a 334-room hospitality property located in Orlando. The asset sold for $11.2 million.More>>

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Duluth's ZMC Hotels yet to sell 28-hotel portfolio   4 May, 2015

Last November, ZMC Hotels, based in Duluth, Minn., put a 28-hotel portfolio on the market. Less than a year later, it's failed to sell. More>>

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Auction.com reports $189M worth of deal closings in March    4 May, 2015

Online real estate deal site Auction.com reported closings on 47 commercial assets in March with a total combined value of nearly $189 million, GlobeSt.com reports. The surge has been credited to a more robust economy, less distressed assets and an uptick in travel, notes Auction.com EVP Rick...More>>

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Sydney Hilton acquired by China's Bright Ruby    1 May, 2015

Chinese investment group Bright Ruby has finalized its ­largest ­Australian property acquisition with the purchase of the Hilton Hotel Sydney for $442 million, reports The Australian. The deal was first revealed in March, and is the largest hotel sale of the year, just shy of the record $463...More>>

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CWI acquires dual-brand HGI and Homewood in Atlanta   1 May, 2015

Carey Watermark Investors has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. A purchase price was not disclosed. More>>

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AHT completes acquisition of Gainesville, Fla., Hampton   30 Apr, 2015

Ashford Hospitality Trust has completed the all-cash acquisition of the 124-room Hampton Inn & Suites Gainesville hotel in FLorida for $25.3 million, or $204,000 per key. The company intends to finance the property with approximately $21.2 million of non-recourse mortgage debt.More>>




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