Topic: Hotel Transactions
China's Jubao Xie has put the 50-story Holiday Inn Manhattan-Financial District for sale for an undisclosed price.
Hotel deals in the U.S. are primarily structured via a franchise or management agreement, but the lease structure, widely used in Europe, is an attractive alternative to more traditional models.
Mantra Group must wait on the ACCC's public review results before selling off all shares to Accor.
Catalonia's want for independence has not yet tripped up Spain's economy, but there is mounting concern that the country's economic resurgence could still be disrupted.
Sheikh Hamad Bin Jassim Bin al-Thani, the new owner of the Plaza Hotel's mortgage, could use it to fund a potential bid for the New York property.
Mövenpick not only leased the Mövenpick Hotel The Hague, but also renewed its lease for Mövenpick Hotel Amsterdam City Centre.
International real estate advisor Savills is forecasting annual UK hotel investment volumes will grow by 25 percent YOY by Q4 2017.
A representative of Oyo stated the company "could not reach an outcome" after trying to find potential value in Zo Rooms.
The new 120-guestroom hotel is slated to open in 2019 at the Cromwell House site at Fitzalan Place.
CBRE has found a "non-traditional buyer" for the two Renaissance resorts in Aruba and Curaçao.