The 14-story hotel, which will operate under Curio Collection by Hilton in an agreement unveiled at MIPIM, includes a €22.5 million investment led by Yvon Gérard and a consortium of investors.
Source: New feed
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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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.
Source: New feed
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.
Source: New feed
CHICAGO (March 14, 2018) – Hyatt and Hui Xian Real Estate Investment Trust (“Hui Xian REIT”) jointly announced today an agreement for Hyatt to manage a hotel owned by Hui Xian REIT. Located…
Source: New feed
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.
Source: New feed
Chinese conglomerate HNA Group will sell its 25 percent stake in Hilton Grand Vacations Inc (HGV.N), the timeshare business spun off last year from U.S. hotel chain Hilton Worldwide (HLT.N), Hilton Grand said on Tuesday.
Source: New feed
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.
Source: New feed
CHICAGO (March 14, 2018) – Hyatt Hotels Corporation (Hyatt) today announced the appointment of Stephen Ho as President – Greater China, Global Operations, in line with plans to accelerate growth…
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InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announced that it has agreed to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026.
Source: New feed