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Vision Hospitality Group begins construction on Nashville TownePlace Suites   28 Aug, 2014

The property is the first hotel of this brand for the Chattanooga-based firm's portfolio and the ninth Vision hotel either in operation or under development in the Greater Nashville area. The 89-room hotel will be located off I-24, approximately 15 minutes from Downtown Nashville, and is...More>>

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Hony Capital to buy a $246M stake in Jin Jiang Hotels   28 Aug, 2014

Hony Capital, which manages approximately $7 billion, will buy 100 million shares in Shanghai Jin Jiang at $2.45 a share, a 23-percent discount to the company's closing price on Thursday of $3.18. That will give Hony Capital a 12.43 percent stake in Shanghai Jin Jiang, making it the largest...More>>

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Jerry Schwartz purchases Sydney Sofitel for $368, plans to add heliport   28 Aug, 2014

The 616-room property, which has yet to be built, was developed by Lend Lease and will be operated by Accor, according to the Property Observer. The 35-floor hotel forms part of the $2.5-billion international convention, exhibition and entertainment precinct Lend Lease is developing for Sydney's...More>>

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The Mayflower Renaissance Washington, D.C., to undergo a $20M update   28 Aug, 2014

The overhaul, which begins in in mid-October, is expected to be completed by mid-March. The hotel plans to remain open during renovations. It has been approximately 10 years since the Mayflower's last renovation.More>>

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More older Europeans using tablets to book travel   28 Aug, 2014

A new PhoCusWright European and Global Edition study revealed tablets are appealing to a much older crowd instead of their younger Millennial counterparts. According to PhoCusWright's European Traveler Technology Survey 2014, tablet ownership peaks among 35 to 44-year-old online travel planners in...More>>

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Trump to sell Canada hotel, plans 30 openings by 2020   28 Aug, 2014

Maxfine said external borrowings and internally generated funds would be used in the acquisition. The decision to purchase the hotel comes from a push from TA Global to build on its hospitality business, which is looking to gain more footholds in major cities internationally.More>>

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Northview Hotel Group acquires the Hotel Madeline Telluride   28 Aug, 2014

The acquisition of Hotel Madeline Telluride marks the Partnership's fourth joint venture in the past 18 months. Northview will operate the hotel on behalf of the Partnership, as well as oversee multiple, proposed capital improvements projects and the sale of the residences. Northview was...More>>

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HFF arranges financing for Hyatt Place Houston/Sugar Land   28 Aug, 2014

Working on behalf of the borrower, Noble Investment Group, HFF placed the five-year, floating-rate loan with Texas Capital Bank. The HFF debt placement team representing the borrower was led by managing director John Bourret and director Colby Mueck.More>>

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The ME Miami Melia Hotel to open spring 2015   27 Aug, 2014

Owned by the private-equity, alternative investment manager, CGI Merchant Group, the downtown property will take over the current location of Casa Moderna Hotel at 1100 Biscayne Boulevard. The hotel will be near the Zaha Hadid's new project and the new Miami World Center, which will include a...More>>

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Pinnacle Hotel, Banff Lodging work with Maestro for Expedia interface   27 Aug, 2014

These independent hotel operators now have access to Expedia's travel booking websites, which include Hotwire.com, Hotels.com, ClassicVacations.com and multiple smaller "Affiliate Network" private-label websites for reservations.More>>



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