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Irvine, Calif., proposes building $100M Marriott   2 Jul, 2015

Plans for the property call for a 15-story, 250-room full-service Marriott with amenities such as a rooftop bar, valet service and poolside cabanas. The cost is estimated at over $100 million. Irvine last saw a new hotel open in December 2009.More>>

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Bev company Diageo sells Scotland's Gleneagles   2 Jul, 2015

Scotland’s Gleneagles hotel, which has hosted the Ryder Cup and the G8 summit, has been sold by beverage giant Diageo to UK-based private investment group Ennismore, which owns two Hoxton-branded hotels in London and another in Amsterdam. It is also developing sites for new Hoxton hotels in Paris...More>>

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Is Indonesia the fastest-growing hotel market in the world?   2 Jul, 2015

One hotel executive says it is. Here's what Kevin Wallace, managing director Australasia for Plateno Hotels Group, had to say on the matter, during an interview at the Asia-Pacific Hotel Investment Conference in May. More>>

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Singapore-based REIT acquires Element hotel in Manhattan   2 Jul, 2015

Singapore's Ascott Residence Trust is buying in New York. The REIT is reportedly set to acquire the 411-room Element New York Times Square West hotel for $163.5 million. It would mark the group's first U.S. acquisition. The hotel will continue to be operated under the Element brand through a...More>>

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Here's why Sydney is the capital for Asia-Pacific hotel investment   2 Jul, 2015

Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels. As JLL points out, in just the past 22 months, there were more than $1.5 billion in hotel sales. The extraordinary level of transaction volume has been driven by a number of...More>>

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Calif.-based Palisades acquires Palm Springs' Colony Palms Hotel in JV   1 Jul, 2015

Palisades Hospitality Group, which operates more than 30 resort, hotel and restaurant properties across leisure destinations in California, Hawaii and Mexico, and CovoCapital, a real estate investment company based in San Francisco, have jointly purchased the Colony Palms Hotel, in Palm Springs,...More>>

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Lighting systems that save hotels energy, money   1 Jul, 2015

Saving the environment is almost as big a trend these days as saving money. Here are some bright ideas on how to cut down costs and keep the lights on.More>>

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RLHC signs franchise agreements for two new properties in Texas   1 Jul, 2015

The Red Lion Inn & Suites Bryan will be constructed just off of Texas 6 Frontage Road and North Earl Rudder Freeway with an outdoor pool, business center, fitness center and breakfast area, in addition to complimentary Wi-Fi for Hello Rewards members. The Texas City property is scheduled to open in...More>>

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HREC arranges sale of Microtel in Appleton, Wis.   1 Jul, 2015

The 79-room hotel was sold on behalf of owners Inditel Property Management. The buyer was Rajshyamaji of Wisconsin. The hotel has a business center and is pet friendly.More>>

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Marriott looks to grow presence in Asia-Pacific region   1 Jul, 2015

Marriott currently has 180 hotels in the Asia-Pacific region and expects to double that in four years. The number of hotels, represented by nine lodging brands, will increase to 200 by the end of this year alone.More>>



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