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US investors to acquire Jurys Inn brand for over $1B   26 Jan, 2015

Jurys Inn, which has 31 properties across the UK, Ireland and Prague, is being grabbed up by five US investors, including Oman Investment Fund, Mount Kellett Capital Management, Ulster Bank, Westmont Hospitality Group and Avestus Capital Partners.More>>

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Arizona Country Inn & Suites sells for $10.9 million   26 Jan, 2015

Suites of Arizona sold the 126-unit, interior-corridor property to KCS Investment for $86,500 per room, which represents more than 98 percent of the list price. The hotel was built in 1998 and is located five miles west of Phoenix-Mesa Gateway Airport and 22 miles east of Phoenix Sky Harbor...More>>

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Blackstone to sell Australian property for $327M   26 Jan, 2015

The Gold Fields House, a property in Sydney's business district will be sold to China's Dalian Wanda Group. The 1960s building overlooking Sydney Harbour Bridge and the Sydney Opera House was bought by Blackstone--along with other assets--with the purchase of property-portfolio company Valad in...More>>

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Renaissance hotel opens in Allentown, Pa.   26 Jan, 2015

Developed by City Center Investment, the seven-story Renaissance Hotel is located adjacent to the PPL Center, a new 8,500-seat sports and events arena. The hotel offers 170 full-service guestrooms and suites and 11,000 square feet of meeting space.More>>

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SIXTY Montreal to debut late 2016   26 Jan, 2015

SIXTY Montreal will be located between Place Des Art and Palais des Congres on Rene Levesque Boulevard in the Central Business District, a few blocks from Old Montreal. The project will entail the complete redevelopment of an existing building and will debut 120 guestrooms and suites, event spaces,...More>>

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Sage to manage Denver Marriott Tech Center   26 Jan, 2015

A top-to-bottom renovation project is slated to begin later this year. The renovation will include all 628 of the hotel's guestrooms and will reconfigure the entrance, lobby, restaurants and 45,000 square feet of event space.More>>

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Holiday Inn San Jose sold by JLL   26 Jan, 2015

This purchase represents Aju's second in the country, and the firm expects to make additional purchases in the near future. The seller, Pacifica Companies, is a privately-owned San Diego based real-estate firm.More>>

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High-end and family properties largest consumers of EOD   23 Jan, 2015

In part two of hotel management's series on Entertainment on Demand, the largest consumers of EOD and the most popular formats used take center stage.More>>

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Real Hospitality Group opens new Los Angeles Regional Office   23 Jan, 2015

Handy Hulce was added as VP of the western office. Real Hospitality also has nine hotels slated to open in the first quarter of 2015.More>>

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Crowne Plaza in Bloomington, Minn., sells for $30M   23 Jan, 2015

Minnesota's Keading Management has acquired the Crowne Plaza in Bloomington, Minn., for $30 million, reports the Minneapolis/St. Paul Business Journal. The 430-room hotel, which had been on the market since last May, was sold by New York-based Trinity Hotel Investors and Boston-based BayNorth...More>>



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