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HEI Hotels & Resorts has been appointed to manage the 241-room historic hotel, which is scheduled for a comprehensive renovation project.
Singha Estate Public Company has acquired six properties from Outrigger Hotels and Resorts in a $310-million deal.
The three properties sold for a total of $40.9 million, and comprise two hotels and a parcel of land for redevelopment.
Helena Murano, director of tourism at Barcelona-based CaixaBank, says that lenders have a healthy appetite for hotels in the region.
For hotels, investing in technology comes with significant overhead and downtime between spending and implementation. That's why it pays to predict, not…
The increase equates to more than $11.9 billion in additional transaction volume this year.
If LaSalle's board of trustees considers Pebblestone's latest offer to be a superior proposal, the Blackstone agreement could be in jeopardy.
Thanks to recovering oil prices improving overall business, Aberdeen, Scotland, has seen a “healthy mix of appetite” from investors in recent years.
Following the acquisition, the 23-floor, 300-room hotel has been renamed the Westgate New York City.
The hotel sector has switched up some roles: as global brands shed owned assets, traditional tour operators are stepping in as hotel owners.