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Irish property developer may block Abu Dhabi bid for London Hotels   2 Mar, 2015

A €2-billion offer by The Abu Dhabi Investment Authority (which is chaired by the emirate's ruler, Sheikh Khalifa bin Zayed Al Nahyan) for a group of London hotels cannot go ahead without the permission of Irish property developer Paddy McKillen.More>>

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DiamondRock picks up Shorebreak in Calif., for $58.5M   26 Feb, 2015

DiamondRock Hospitality Company has recently acquired the Shorebreak Hotel in Huntington Beach, Calif., for a purchase price of $58.5 million. The purchase price represents a 12.8 multiple on 2015 forecasted Hotel earnings before interest, taxes, depreciation and amortization (EBITDA).More>>

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Chatham Lodging Trust completes acquisition of San Diego Residence Inn   26 Feb, 2015

REIT Chatham Lodging Trust has completed the previously announced acquisition of the 240-room Residence Inn San Diego Downtown-Gaslamp Quarter for $90 million, or approximately $375,000 per room. The hotel opened in 2009 and is within walking distance to the Petco Park and the Westfield Horton...More>>

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As rules loosen, Asian investment in European hotels surges   26 Feb, 2015

What became apparent in the latter part of 2014 and the beginning of this year in the U.S. is now spreading to Europe. Specifically, the surge of Asian investment in European hotels, which CBRE says will reach some US$22.7 billion in 2015, fuelled by the easing of domestic controls governing...More>>

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IHIF delegates content with overall industry direction   26 Feb, 2015

Respondents to IHIF survey dish on global markets, the weakened euro and the value of global trade shows.More>>

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Noble Investment acquires Courtyard in Chapel Hill, N.C.   24 Feb, 2015

Noble Investment Group has acquired the Courtyard by Marriott Chapel Hill. The hotel is adjacent to the University of North Carolina at Chapel Hill and UNC Health Care. The property will reportedly undergo a number of enhancements throughout the hotel.More>>

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RLJ Lodging continues capital recycling program   24 Feb, 2015

RLJ Lodging Trust has announced it has sold a total of 24 hotels for approximately $240 million. The sale price represents approximately a 7.9-percent capitalization rate on the hotels' 2014 net operating income, including planned capital expenditures.More>>

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Two hotel sales in Florida show similar market strength   24 Feb, 2015

Two separate hotel sales in Florida, in two separate parts of the state, show that the Sunshine State is strong for hotel transactions and valuations. Here's what deals went down. More>>

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ITC to purchase Park Hyatt Hotel in Goa   23 Feb, 2015

ITC won the bid to acquire a Park Hyatt Hotel property in Goa, India. The hotel is owned by Blue Coast Hotels, and had been put up for public auction by IFCI.More>>

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LVCVA to purchase Riviera Casino for $182M as part of Business District expansion   20 Feb, 2015

Under the agreement, the LVCVA will purchase the site for a total of $182.5 million. Funds for the acquisition will be drawn from the LVCVA's bank credit facility with JPMorgan. The LVCVA will issue long-term bonds to retire the bank credit within the next two years.More>>




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