Starwood Hotels & Resorts Worldwide
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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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China continuation: Sunshine Insurance acquires Sydney Sheraton for large sum   24 Nov, 2014

Looks like China-based insurance companies sure have a taste for hotels, these days. Today we learn that Starwood Hotels & Resorts Worldwide has sold the Sheraton on the Park, in Sydney, Australia, to Sunshine Insurance Group Corporation AUS$463 million, which equates into around US$399 million....More>>

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Mexican REIT FibraHotel acquires Sheraton property, expands Starwood relationship   18 Nov, 2014

FibraHotel, a real estate investment trust specialized in urban business-class hotels in Mexico, has acquired the Sheraton Ambassador Monterrey, adding 229 rooms to FibraHotel's portfolio. The transaction will represent a total investment of $13.5 million by FibraHotel, including a renovation over...More>>

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The Sheraton Arlington has a new owner    17 Nov, 2014

Urbana Varro, a national commercial real estate investment, development, and management firm, said it has acquired the 311-room Sheraton Arlington in Texas. A purchase price was not disclosed. The hotel is adjacent to the Arlington Convention Center and within walking distance to AT&T Stadium, home...More>>

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Pebblebrook acquires Westin Coral Gables for close to $60M   13 Nov, 2014

Pebblebrook Hotel Trust has acquired The Westin Colonnade Coral Gables, in Miami, for $59.4 million. The 157-room upper-upscale hotel is located on what is known as Miracle Mile. The hotel will continue to be operated by Davidson Hotels and Resorts.More>>

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With Dubai in full-bore expansion mode, hotel groups follow   11 Nov, 2014

During the global economic downturn, oil-poor Dubai became a cautionary tale for what happens when the lifeline of your economy—travel and tourism—dries up. However, the tables have now turned—in a good way, for Dubai. People are once again traveling, businesses are releasing the yoke on...More>>

Christie Hicks Newswire
Starwood targets meeting planners, travel agents with SPG Pro loyalty program   13 Oct, 2014

Starwood Hotels & Resorts Worldwide is launching SPG Pro, an expanded loyalty program for meeting and travel professionals.More>>

The annual gathering at Arizona’s Biltmore hotel will be full of confident hotel executives. Newswire
Lodging Conference: Throwing caution to the wind   13 Oct, 2014

The annual gathering at Arizona’s Biltmore hotel will be full of confident hotel executives.More>>

The Roxburghe Newswire
Buyers upbeat about European markets   15 Sep, 2014

A confluence of investor confidence, improved operating fundamentals and easier access to debt has made for a percolating hotel transactions market in Europe.More>>

A room at the Park Hyatt New York, opening this summer in the One57 skyscraper in midtown Manhattan. Newswire
What’s behind the condo-hotel’s stirring comeback   20 Aug, 2014

Discussing the reasons why Condo-hotels are making a comebackMore>>




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