Looking to reduce government debt, the country is selling its stake in hotel companies.
The Hilton, which was sold by DiamondRock Hospitality Co. of Maryland, is the state’s largest hotel at 821 rooms.
As it tries to offset its assets, the beleaguered Indian company has turned down an offer for three hotels in New York and London.
The properties, located in Northwest Arkansas, are the Holiday Inn Express & Suites Bentonville and the Fairfield Inn & Suites Springdale.
Splendid Hospitality Group has acquired the ibis York Centre hotel—the company's fourth in the English city.
Several new properties under IHG's Holiday Inn, Holiday Inn Express, Staybridge Suites and Hotel Indigo brands are in the works.
The run-up to the 2020 Olympics in Tokyo has seen a spike in hotel transactions, driven by the country’s REITs.
The hotel, backed by Australia’s Spotlight Holdings Group, is slated to open in 2019.
Indian Hotels Company and Hotel Leelaventure are easing their debt by selling assets.
The 372-room hotel has completed $21 million in updates since 2011.