Transat A.T. Inc. entered into a sale and purchase agreement for its land property located in Puerto Morelos, Mexico, for US$38 million to Finest Resorts, a luxury resort group, part of The Excellence Collection.
Source: New feed
Author: hotelprojectdata
HVS Webinar: Higher Interest Rates Are Here to Stay but the 'Old Normal' Will Come Back – By Russell Kett
In the latest of HVS’s series of webinars, 425 attendees heard a topical discussion from a line-up of expert speakers on the current status of debt finance within the Hotel sector.
Source: New feed
Busselton Beach Resort in Australia Sold
The Bussleton Beach Resort has changed hands following the end of a 40-year timeshare arrangement.
Source: New feed
Novotel & Ibis Melbourne Central Hotel Sold for $170 Million
Legend Land’s acquisition of the 472-room Novotel & ibis Melbourne Central represents the largest hotel transaction in Melbourne in over six years and highlights the confidence international capital has in Australia’s hotel sector outlook.
Source: New feed
Hilton San Diego Gaslamp Hotel Completes $22.5 Million Dollar Renovation Project
Award-winning design firm waldrop+nichols studio based in Texas, created a contemporary casual California aesthetic featuring artistic and playful elements of the Gaslamp Quarter's early inhabitants.
Source: New feed
Mondrian Park Avenue Hotel in Manhattan Sold to Global Holdings
Global Holdings, the international real estate development and investment firm led by Chairman and Founder Eyal Ofer, yesterday announced the acquisition of the Mondrian Park Avenue, a 190-key boutique hotel in Manhattan’s NoMad neighborhood.
Source: New feed
Marriott Cleveland University Circle Hotel Sold for $31 Million
Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced the acquisition of the newly renovated Courtyard by Marriott Cleveland University Circle for $31 million, or approximately $201,000 per key.
Source: New feed
HVS Asia Pacific Hospitality Newsletter – Week Ending 30 June 2023
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
HVS Europe Hotel Transactions Bulletin Week Ending 30 June 2023
A summary of European hotel transactions provided by HVS
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IHG Debuts Voco Brand in Lebanon with Signing of Voco Beirut Central District Hotel
A conversion property, voco Beirut Central District is scheduled to be rebranded by the end of this year, adding 123 rooms to IHG’s portfolio in the country.
Source: New feed