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HREC arranges sale of Sheraton Denver Tech Center   17 Dec, 2014

HREC Investment Advisors successfully brokered the sale of the Sheraton Denver Tech Center, in Greenwood Village, a suburb of Denver, representing the seller of the 263-room full-service hotel. The selling group consisted of funds affiliated with Varde Partners, Waramaug and Interstate Hotels. More>>

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Hyatt sells Toronto Park Hyatt for $90M   17 Dec, 2014

Oxford Properties Group has purchased the 346-room Park Hyatt Toronto hotel from Hyatt for approximately US$90 million or $260,000. Oxford intends to spend approximately $25 million more in additional capital expenditures over the next five years. Hyatt will continue to operate the hotel. More>>

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Dublin offers value for high-end hotel developers   16 Dec, 2014

The city's economic recovery is well underway, and a new report from global hotel consultancy HVS London indicates that Dublin has many opportunities for hotel developers, particularly in the luxury and economy sectors, according to.More>>

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For $430 million, IHG buys a boutique hotel chain   16 Dec, 2014

Amid a rumor mill that churns out speculative reports of stockholders pushing for a sale of InterContinental Hotels Group, the UK-based hotel operator has made an acquisition of its own, acquiring Kimpton Hotels & Restaurants Group for $430 million. More>>

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IHG to expand Holiday Inn brand in Saudi Arabia    15 Dec, 2014

Intercontinental Hotels Group is looking to up its stake in Saudi Arabia. The company has signed a master development agreement with Saudi-based property and hotel developer Dur Hospitality Company for the franchise of a number of Holiday Inn & Suites.More>>

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Latest Accor deal to double group's footprint in China   15 Dec, 2014

Accor is seeking to up its stake in China. It has signed a strategic alliance with China Lodging Group to more than double the number of its hotels in the coveted Chinese market within five years.The alliance will reportedly bring together Accor's brands with China Lodging’s 1,900 existing hotels...More>>

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Marriott to up its Middle East presence with latest Saudi deal   8 Dec, 2014

Saudi-based Dur Hospitality Company signed a SR300 million-$79.92 million-agreement with Marriott International to operate an 80-unit Marriott Hotel and a 140-unit Marriott Executive Apartments in the Diplomatic Quarter in Riyadh, Saudi Arabia.More>>

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Noble's Mit Shah to chair La Quinta board   5 Dec, 2014

La Quinta Holdings has announced that Noble Investment Group founder and CEO Mitesh “Mit” Shah has been appointed board chairman. Shah has been on the board since last year. Shah founded Noble in 1993. More>>

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DiamondRock closes on Fort Lauderdale Westin    5 Dec, 2014

DiamondRock Hospitality Company has closed on the acquisition of The Westin Beach Resort & Spa, Fort Lauderdale for $149.0 million, or $345,000 per room. The purchase price represents a 12.0 to 12.5 multiple on the company's projected 2015 EBITDA. HEI Hotels & Resorts will operate the hotel.More>>

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Singapore's OUE H-Trust acquires Crowne Plaza Changi    1 Dec, 2014

OUE Hospitality Trust has agreed to acquire the hotel Crowne Plaza Changi Airport and its adjacent extension for a total of S$495 million—around US $396 million. The 320-room hotel was acquired from its sponsor OUE Ltd. More>>




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