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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The Toronto Stock Exchange-listed REIT will spend $318 million to take the outstanding equity interests of the Maryland-based Condor.

Ritesh Agarwal, the company's 25-year-old founder and CEO, has signed a $2 billion primary and secondary management investment round.