Transactions roundup: Feb. 15, 2011

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.

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Following its purchase of Seiler & Partenaires Holding SA, Aevis Victoria has bought eight Swiss hotels, including the InterContinental in Davos.

Ground rent or ground lease deals have been moving into the mainstream with great effect at companies such as PPHE Hotel Group.

Hotel supply companies are already announcing products that match the popular hue.