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Synergy Hospitality to manage Philadelphia Hampton Inn   17 Jul, 2015

Synergy Hospitality assumed management of Hampton Inn by Hilton Philadelphia-International Airport following the recapitalization of the hotel by Versant Commercial Brokerage. The tenant-in-common investors opted to replace their former hotel manager with Synergy Hospitality, and opted to replace...More>>

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Hilton opens first European Curio hotel in Hamburg, Germany   17 Jul, 2015

Hilton Worldwide has opened the 278-room Reichshof Hamburg hotel in Germany, part of its soft brand, Curio – A Collection by Hilton. The restored hotel, operated by Event Hotelgruppe, is the brand’s first hotel in Europe. More>>

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HREC arranges sale of Days Inn in Plainfield, Ind.   17 Jul, 2015

HREC arranged the sale on behalf of Northpointe Hospitality. Shree Ram Hospitality, an Indiana-based company, was the purchaser. Tom Sommer, VP based out of the HREC Chicago office, exclusively represented the seller during the transaction.More>>

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Australia's suburb hotel markets now getting frothy   17 Jul, 2015

A motor lodge in Liverpool, Australia, 20 miles southwest of Sydney, has sold for around US$17 million, a sign that markets outside Australia's CBDs are performing at peak levels. JLL Hotels & Hospitality sold the El Toro Motor Inn Hotel, Liverpool on behalf of Lantern Hotel Group. More>>

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India's Samhi Hotels acquires Four Points Visakhapatnam   17 Jul, 2015

India's Samhi Hotels has reportedly purchased the 124-room Four Points by Sheraton Visakhapatnam from Vizag-based Vishnu Priya Hotels for 90-95 crore. Gurgaon-based Samhi has a development portfolio of 25 hotels, comprising 3,800 rooms. Over the last few years, Samhi has consolidated a portfolio of...More>>

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Carlyle Group explores possible divesture of budget chain B&B   16 Jul, 2015

Carlyle Group, the New York-based private equity group, is exploring the possible sale of its budget hotel chain B&B Hotel Group, reportedly enlisting Morgan Morgan Stanley to look into the divestment or possible stock market listing by this fall. More>>

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Global development report shows hotel construction plowing ahead   16 Jul, 2015

With rates on the rise across the globe, is the era of acquisitions being replaced with renewed construction? A new report from STR Global on worldwide hotel development pipelines shows the UK leading development in Europe with 130,652 rooms under contract, though numbers for the region are...More>>

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UK's Grand Hotel planning $23-million expansion   16 Jul, 2015

The expansion of the Grand Hotel & Spa includes an extension into an empty office block next door. The project will create 45 jobs and 107 new guestrooms. The two-year renovation project also involves upgrading rooms in the existing hotel, creating a 160-seat restaurant with outdoor terrace and a...More>>

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Merger rumors drive up international brand stocks   16 Jul, 2015

Yesterday, rumors began spreading about a pending $31-billion-plus luxury international hotel brands merger, driving up stock prices of several companies.More>>

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IHG signs Holiday Inn Express Bangkok   16 Jul, 2015

The hotel will be part of a mixed development with retail shops, restaurants and bars. The 240-room property will be the fourth Holiday Inn Express hotel in Thailand's capital. Grand Uniland Company Limited will own the hotel, and InterContinental Hotels Group will manage it.More>>



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