Topic: Hotel Transactions
Carlson Rezidor Hotel Group, the Minnetonka, Minn.-based hospitality company whose roots stretch back to 1938, is changing its name to Radisson Hotel Group.
Canada-based Brookfield aims to sell the 419-room Pullman Melbourne on the Park Hotel for approximately $200 million.
Investment funds managed by PointState Argentum are the new owners of the two Buenos Aires hotels following a $100-million sale.
The seven-hotel portfolio, which has properties operating under AccorHotels and Marriott brands, is selling at an average price of $230,000 per room.
The transaction would be the second-largest hotel deal for a single U.S. property in history, just behind Anbang's buy of the Waldorf Astoria.
The casino hotel’s selling price is a far cry from the $2.4 billion spent to build the property in 2012, but the new owner is optimistic about its future.
Henderson Park has acquired the 428-guestroom Westin Paris-Vendôme from wealth fund GIC.
Hotel real estate experts project sustained activity amid favorable conditions in lending and hotel performance.
A deal that many expected to happen has. Swedish hotel group Pandox has entered into an agreement with U.S private equity group Lone Star to acquire a portfolio of 37 hotels, inclusive of the Jurys Inn chain.
China's Jubao Xie has put the 50-story Holiday Inn Manhattan-Financial District for sale for an undisclosed price.