The Gresham Hotel in Dublin Sold for €92 Million

RIU has completed the purchase of the historic Gresham Hotel on O’Connell Street, one of the most famous in Dublin, for €92 million. The hotel occupies a majestic building approaching its 200th anniversary and, thanks to a recent renovation, it offers the best of the Irish capital city’s tradition and history, with modern and up-to-date services.
Source: New feed

G6 Signs Three Properies In Mexico

G6 Hospitality yesterday announced the signing of three new franchise agreements with Latina Promohoteles, S.A. de C.V., to build three new Hotel 6 properties in the cities of Querétaro, León and Irapuato.
Source: New feed

Shinola to Open Branded Hotel in Detroit – WWD

Shinola’s play toward an articulated neo-urbanized lifestyle is about to take residence. Today, the firm revealed it will open a hotel in downtown Detroit.
Source: New feed

Morgans Receives Takeover Bid

Morgans Hotel Group Co. (MHGC) yesterday announced that it has received a letter dated September 13, 2016 from the group identified in Morgans’ proxy materials as ‘Bidder V.’ This letter reconfirms the interest of Bidder V in pursuing an acquisition of the common stock of Morgans for $2.75 per share.
Source: New feed