Lotte New York Palace Hotel Joins Luxe Collection by L.E. Hotels

Known as a historic landmark in Manhattan, Lotte New York Palace offers a setting for travelers looking to escape the bustling city for a relaxing and elegant retreat on Madison Avenue in Midtown. This New York City hotel features luxurious furnishings with views of the city’s skyline, including St. Patrick’s Cathedral and Rockefeller Center which are only a few steps away.
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Intercontinental Dallas Hotel Sold and to Rebrand As Renaissance Dallas Addison

The InterContinental Dallas Hotel has been purchased by Columbia Sussex, a privately held company based in Crestview Hills, KY. Columbia Sussex is one of the nation’s largest franchisers of Marriott hotels, and is rebranding the InterContinental to Renaissance Dallas Addison. Renovations are already underway.
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Huff, Niehaus Closes Two Hotel Transactions in Early March

The hotels include a dual-branded hotel in one market and the other a small owner/operator property. Assets included in these transactions were located in Kentucky and Ohio. Both hotels were exclusively listed by Brandt Niehaus.
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Aston Waikiki Beach Hotel Sold For $200 Million

Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced that it has completed the sale of the leasehold interest in the 693-room Aston Waikiki Beach Hotel in Oahu, HI for a sale price of $200 million, or approximately $310,000 per key. The price represented a 12.6x multiple on the Hotel’s 2017 EBITDA.
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Al Zaman Group Acquires IntercityHotel Portfolio

An Oman based investor’s group led by Al Za-man Group of Companies has acquired a portfolio of four IntercityHotels across Germany sold by Invesco Real Estate.
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