The Nashville Property features a multi-year, rail crew lodging contract with a large national U.S. railway and is being acquired for an aggregate purchase price of approximately US$8.7 million, including US$950,000 for planned capital expenditures and excluding closing and post-acquisition adjustments.
Source: New feed
Asia Pacific Real Estate Transaction Volumes Up in Third Quarter 2016
China outperforms rest of the region; Singapore sees increased investor confidence
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Hôtel Vagabond in Singapore Joins Tribute Portfolio
Owned by Harpreet Bedi and Satinder Garcha, the 41-room hotel was designed by award-winning French designer Jacques Garcia, blending together traditional Singaporean hospitality with Garcia’s traditional maximalist style.
Source: New feed
Hyatt Place São José Do Rio Preto Opens In The State Of São Paulo, Brazil
CHICAGO (November 1, 2016) – Hyatt Place São José do Rio Preto opens today, marking the first Hyatt Place hotel to open in Brazil. Practical design aligned with comfort and technology are the…
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DoubleTree by Hilton Detroit Bloomfield Hills Hotel Announced for Fall 2017
Formally the historic Kingsley Inn, the 147-room hotel will undergo a $10 million revitalization this fall and will feature a full-service restaurant, indoor pool and 11,396 square feet of flexible meeting space. Hotel Investment Services, Inc. will operate the hotel, which is expected to open in fall 2017.
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Sydney Rocks Hotel Palisade Comes to Market
Described as ‘possibly the best piece of property in Sydney’, the award-winning Hotel Palisade, spectacularly situated in The Rocks overlooking the Sydney Harbour Bridge, the CBD and Barangaroo, is being offered by JLL Hotels & Hospitality Group for International Expressions of Interest closing Wednesday 30 November.
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Melia Cabo Real Hotel to Convert to Paradisus Los Cabos
Meliá Hotels International announced today that it will transform Meliá Cabo Real into Paradisus Los Cabos, which is part of a US $35 million renovation to convert and upgrade the existing property. Set to open December 23, 2016, this property will be the ninth Paradisus resort in its portfolio and the fourth in Mexico.
Source: New feed
American Hotel Income Properties Acquires Four Marriott-Branded, Select-Service Hotels for US$47.0 Million
The Acquisition Properties are located in Jacksonville and Lake City, Florida, and Chattanooga, Tennessee with a total of 374 guestrooms that have been acquired below management’s estimate of replacement cost
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Fairfield Inn & Suites Milwaukee Downtown Sold to Arbor Lodging Partners
Arbor Lodging Partner announced today that, through an affiliate, it has acquired the Fairfield Inn & Suites Milwaukee Downtown, a 103-room select-service hotel, located at 710 N. Old World Third Street. NVN Hotels will manage the hotel, effective immediately, and will make improvements to the hotel.
Source: New feed
Monopoly Hotels & Resorts Launches Alternative to a Hotel Franchise
The Monopoly Global Alliance Program – Annual Subscriptions – a la Carte Services & Support
Source: New feed