Sale Represents a Price of $186,000 Per Room and a Cap Rate of 7.9%
Source: New feed

Fall Asleep in San Francisco and Wake Up in Los Angeles Starting at Just $115
Source: New feed

JLL’s Hotels & Hospitality Group announced the firm arranged the sale of the DoubleTree by Hilton Los Angeles Downtown on behalf of the seller. Han’s Group USA purchased the 434-key property.
Source: New feed

Mandarin Oriental Hotel Group has signed a management contract for a new luxury hotel and branded residences to be developed in Melbourne, Australia. The project is expected to open in 2023, and is the Group’s first announced property in Australia.
Source: New feed

Located in the historic town of Princeton, NJ, the hotel features 330 modern guest rooms and amenities, a Mediterranean-centric restaurant, on-site comedy club and 32,000 square feet of contemporary meeting and event space.
Source: New feed

Signature Living, the hotel and hospitality operator behind The Shankly Hotel and 30 James Street, announced it will be opening a George Best Hotel as the company’s first project in Belfast, Northern Ireland.
Source: New feed

San Francisco Proper Hotel Features Restaurant Concepts by Acclaimed Chef Jason Franey and Bar Programs by BVHospitality
Source: New feed

The EUROPA- CENTER Immobiliengruppe has developed office and commercial space on this pocket of land in several construction sections spread over a total of 50,000 m². The NOVUM Hotel Group has leased the new hotel building from EUROPA-CENTER and the interior architects JOI-Design are currently putting the final touches to the design features on behalf of the Group.
Source: New feed

The Trump International Hotel and Tower in downtown Toronto will soon lose the President’s name, as the luxury property is rebranded only five years after opening its doors.
Source: New feed

Officials of Peachtree Hotel Group (PHG) today acquired the 96-suite TownePlace Suites Gainesville Northwest in Fla., from Gainesville Investment Lodging, LLP, a subsidiary of 3H Group, Inc., for an undisclosed sum. The transaction was brokered by Hospitality Real Estate Counselors (HREC).
Source: New feed