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Hotel company to purchase central business district plot in Perth   5 Oct, 2015

GP Hotel Perth WA has been nominated to exercise the option to purchase the properties located at St Georges Terrace and Pier Street in Perth, Australia, which had originally been granted by the vendors to a third party.More>>

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As high-end U.S. hotels come to market, foreign investors stand at the ready   2 Oct, 2015

Investor appetite for luxury hotels in the U.S. has always been high. In gateway markets, where barriers to entry remain relatively high, acquiring high-end hotel assets is the quickest most efficient way for an investment group to get into a city. With word of the Mandarin Oriental in Boston up...More>>

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HVS: 2015 European hotel transactions jump 58 percent YOY   30 Sep, 2015

The U.K. has seen the biggest number of deals year over year, with €6.8 billion-worth, representing 55 percent of total European volume. Some €5.2 billion has been portfolio deals, with well over €1 billion still pending. More>>

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Amid brand refresh, Best Western deepens reach into midscale space   29 Sep, 2015

Best Western’s annual conference in Honolulu delivered change and addition to its members with the announcement of new branding and logos, and a new boutique midscale brand. Here’s an in-depth look of what went down as Best Western seeks to deliver on its strategy through 2015 and beyond.More>>

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New South Wales to sell four Sydney hotels   29 Sep, 2015

Four prominent Sydney hotels — the Shangri La, Four Seasons, Novotel and Mercure — will be sold by the NSW government. The sales are part of an endeavor to raise $200 million that will go toward improving Circular Quay wharves from their current “run down” state.More>>

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Pandax to sell Scandic Antwerp to Van Der Valk chain   29 Sep, 2015

Pandox has entered in to an agreement to sell the Scandic Antwerp hotel in Belgium to the Netherlands-based hotel chain Van Der Valk for €16 million. The transaction will close and the property will be vacated December 1. More>>

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Indonesia to get Radisson hotel in Medan   29 Sep, 2015

The Radisson Medan will be the fifth Carlson Rezidor hotel to open in Indonesia, joining Radisson Blu Bali Uluwatu, Radisson Golf & Convention Center Batam, Park Inn by Radisson Lampung and Radisson Jakarta Cengkareng.More>>

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Manchester to get new Travelodge hotels   28 Sep, 2015

The hotels form part of a major planned expansion throughout the region by the independent hotel chain. The deal comes after bosses exchanged contracts with Orbit Developments for hotels in Sale and Stockport.More>>

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Frasers Hospitality expands in Europe   25 Sep, 2015

The global hospitality operator has launched its first property in the city of Frankfurt—the 153-unit Capri by Fraser, Frankfurt, which joins six other properties under the company's Capri brand. It had also earlier opened a 97-unit Capri by Fraser, Barcelona in Spain. More>>

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London investors purchase landmark Nottingham hotel   25 Sep, 2015

While the new owners of the historic Lace Market Hotel are still anonymous, Bangkok-based Compass Hospitality has been tapped as the management company as part of its UK growth plan. More>>

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