In 2018, hotel transactions exceeded 700 deals for a total valuation of $29.5 billion, according to STR's Hotel Transaction Almanac.
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U.S. Hotel Deal Sales Volume in 2018 Increased 49% YOY
February 25, 2019
Month: February 2019
335 Room Hotel Palomar Washington, DC Sold for $141.5 Million
February 25, 2019
The sale price of $141.5 million reflects a 14.9x EBITDA multiple and a 5.9% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
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Radisson Collection Hotel Warsaw to Open This May
February 25, 2019
Situated in Warsaw's business district, the Radisson Collection Hotel, Warsaw will be close to the city's Financial Center and the Rondo ONZ Tower.
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Equinox Hospitality to Develop Three Dual-Brand Sleep Inn and Mainstay Suites Hotels
February 25, 2019
Choice Hotels International, Inc. (NYSE: CHH) has signed agreements with Equinox Hospitality to develop three dual-brand Sleep Inn and MainStay Suites properties and two stand-alone Sleep Inn hotels. These midscale hotels will be built in the Phoenix metropolitan area and across California, and the first hotel is set to open in 2021.
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Andaz Brand Debuts in Germany With Opening of Andaz Munich Schwabinger Tor
February 25, 2019
CHICAGO (February 25, 2019) – Hyatt Hotels Corporation announced today the official opening of Andaz Munich Schwabinger Tor, the first Andaz branded hotel in Germany. Joining Andaz hotels in top…
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Hyatt Place Changsha Meixihu Celebrates Opening
February 24, 2019
CHICAGO (February 24, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced Hyatt Place Changsha Meixihu, the first Hyatt Place hotel in Changsha, the provincial capital of Hunan province…
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Crystal Investment Property Brokers Sale of Howard Johnson Inn, Salem, Oregon
February 22, 2019
Representing the Seller and Buyer of this 69 Room Economy Franchise Hotel
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Avani Hotels and Resorts Enters Cambodia
February 22, 2019
Avani Hotels & Resorts announces its entry into the Cambodian market with the launch of ‘FCC Angkor – Managed by Avani’. Following an extensive seven million USD renovation which includes the addition of 60 new rooms, the hotel is set to reopen its doors in the second quarter of 2019.
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Avani Hotels and Resorts Enters Avani Hotels and Resorts Enters Cambodia
February 22, 2019
Avani Hotels & Resorts announces its entry into the Cambodian market with the launch of ‘FCC Angkor – Managed by Avani’. Following an extensive seven million USD renovation which includes the addition of 60 new rooms, the hotel is set to reopen its doors in the second quarter of 2019.
Source: New feed
Hilton Launches New Brand – Signia Hilton
February 22, 2019
Each hotel to feature a minimum of 500 guest rooms and 75 square feet per key of flexible meetings and events space
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