View news on the latest hotel acquisitions, sales, openings and closings industry wide at HotelWorld Network.
 | Newswire
London's St. Ermin’s Hotel put on the market 21 May, 2012
St. Ermin’s Hotel in Westminster is for sale after global fund manager Angelo Gordon and hotel manager Amerimar put the hotel on the market to cash in on investor demand for hotel assets in London. Jones Lang LaSalle Hotels will manage the sale. "London hotels have recorded the highest RevPAR...More>>
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 | Newswire
Qatar group acquires Chicago's Radisson Blu Aqua Hotel 21 May, 2012
One of the newest and most design-driven hotels in the U.S. now has a new owner. Qatar's Al Faisal Holding Company has acquired the 334-room Radisson Blu Aqua Hotel in Chicago from Carlson Rezidor Hotel Group through Seldar Holdings, the North American investment and business development arm of Al...More>>
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 | Newswire
Amanresorts' owner selling land to pay down debt 18 May, 2012
DLF, the owner of the Amanresorts chain and India's biggest real estate firm, is looking to offload non-core assets to pare debt, The Times of India reports. It has received offers of Rs 2,900 crore for its 17-acre plot in Mumbai's Lower Parel area. Mumbai-based builder Lodha Group and U.S. private...More>>
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 | Newswire
Malaysian REIT in talks to acquire three Marriott hotels in Australia 18 May, 2012
Malaysia's Starhill Real Estate Investment Trust has entered into talks to purchase three Marriott hotels from Colonial First State’s Commonwealth Property Hotel Fund.More>>
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 | Newswire
King & Grove Hotels acquires South Beach tract for $12.5M 17 May, 2012
CoStar Group reports that King & Grove Hotels, which owns the Hotel Williamsburg in Brooklyn and manages the Tides in South Beach, has acquired three parcels along Collins Avenue in Miami from Lease Florida LLC for $12.5 million. The deal represents a 0.639-acre tract. 1201 Collins Ave. is a...More>>
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 | Newswire
Brooklyn's Jehovah's Witnesses building to be converted to hotel 17 May, 2012
The Brooklyn Daily Eagle reports that the Jehovah's Witnesses have sold a building used for visitors to their headquarters in Brooklyn to Clipper Equity for an undisclosed sum. The building, called the Bossert Hotel, which before being taken over by the religious group was, in fact, a hotel, and...More>>
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 | Newswire
Boyd Gaming to buy Peninsula Gaming for $1.45 billion 17 May, 2012
Bloomberg reports that Boyd Gaming Corp. has agreed to buy Peninsula Gaming for $1.45 billion, adding five properties in three states outside of its base in Nevada. The deal will be funded with $200 million in cash and about $1.2 billion in debt. The acquisition know gives Boyd presence in growing...More>>
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 | Newswire
Liberty Group adds Fort Myers, Fla., Candlewood Suites to portfolio 16 May, 2012
The Liberty Group of Companies has acquired the 80-room Candlewood Suites in Fort Meyers, Fla., from a senior lender in an all-cash transaction. The four-year-old hotel had an average occupancy rate of 69 percent in 2011, according to Punit R. Shah, president and COO of Liberty Group. The new owner...More>>
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 | Newswire
Hotel investment in Canada has record quarter 16 May, 2012
Canada's Financial Post reports on the heady first quarter of hotel investment in Canada. Overall, there was $360 million in investment activity in the quarter as 20 hotels traded hands. While the number of transactions for the period was down from 22 a year prior, the dollar activity was up from...More>>
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 | Newswire
Noble Investment Group continues buy, then renovate, approach 15 May, 2012
Noble Investment Group has picked up its third hotel in three months with the acquisition of the Hilton Garden Inn Boston Waltham in Waltham, Mass.More>>
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