Welcome to Tuesday's transactions roundup.
Bloomberg reports the Government of Singapore Investment Corp. has offered to pay $1.5 billion for five resorts owned by investors including the hedge fund Paulson and Co. The resorts in question filed for bankruptcy on February 1 and include the Grand Wailea Resort Hotel & Spa in Maui and the Doral Golf Resort & Spa in Miami.
The New York Observer reports on the latest slew of New York City hotel deals, including the Helmsley Hotel and The Barclay.
The Oregonian reports Portland's never-built Convention Center hotel may be ready for development once again.
The Chattanooga Free Press reports work is underway on a Spring Hill Suites in the city's new Cameron Harbor mixed-use development.
The Wall Street Journal reports Marriott is spinning off its timeshare division, meaning deals are in the making for the company's $1.5 billion in timeshare assets.