Topic: Hotel Transactions
A 130-percent spike in portfolio acquisitions helped to drive hotel deal volume to $34 billion last year, according to JLL.
The 119-room hotel, now operated by Marshall Hotels & Resorts, opened in 2008 and underwent a renovation in 2017.
Germany's hotel market saw a 6-percent boost in 2017 to €52.6 billion, despite the competition from Airbnb.
Fattal Holdings sold Munich's Leonardo Royal Hotel in Germany for $175 million, €25 million more than the hotel's value.
According to Colliers International, Canada's hotel transaction volume is expected to fall short of last year's $3.5 billion.
Trinity Investments, Walton Street Capital and Oaktree Capital Management have formed a JV to acquire the Hilton Los Cabos Beach & Golf Resort.
Schroders has acquired Algonquin to boost the firm’s portfolio of assets and alternative businesses.
Katara Hospitality denied a report stating that the company plans to sell two of its hotels in Europe, both of which are operated by InterContinental Hotel Group.
Prince Alwaleed bin Talal has sold his Four Seasons Hotel Damascus stake to a businessman linked to President Bashar al-Assad.
UK-based hotel owner and operator Starboard Hotels acquired four Ibis Styles hotels in the UK from construction group Carillion.