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CDL Hospitality Trusts , a stapled group comprising CDL Hospitality Real Estate Investment Trust , a real estate investment trust, and CDL Hospitality Business Trust , a business trust, has today announced the acquisition of Pullman Hotel Munich (the “Hotel”) and its office and retail components (the “Commercial Components”, and together with the Hotel, the …
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American Hotel Income Properties REIT LP announced the completion of the previously announced acquisition of a geographically-targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania (collectively, the “Eastern Seaboard Portfolio“) for approximately US$407.4 million, including brand-mandated property improvement plans …
Hilton celebrated the grand opening of the first-ever Tru by Hilton – the company’s 5,000th hotel – at Tru by Hilton Oklahoma City Airport. With more than 425 hotels in various stages of development, Tru by Hilton has achieved the fastest growing pipeline in the history of the hospitality industry, and has captured approximately 2/3 of …
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Marriott International announced the official opening of the design-led Aloft Perth Hotel, the first Aloft to open in Australia. Aloft Perth is the centerpiece of an urban renewal project and will be the social hub of the Springs Rivervale community, which is located alongside the Swan River and on the doorstep of Perth Central Business …
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The new Catella Market Tracker, The European Hotel Market, shows a clear shift in the structure of hotels in recent years – the budget and luxury segments are the two winners from this development. In 2016, approximately EUR 17.8 billion was invested in the hotel asset class, and growth is expected in almost all European …
Dublin, Milan and Madrid top the rankings of European ‘hot’ cities for hotel investment according to new research by Savills. The new analysis has ranked cities according to their underlying operational performance fundamentals and relative value. The firm has compiled a list of the top 10 European cities for hotel investment based on factors including …
Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is pleased to announce that it has chosen Novotel as the brand partner for its new hotel, Novotel Melbourne South Wharf, located at the Melbourne Convention and Exhibition Centre. Action is also delighted to …
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Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, unveiled six new hotel projects as part of its regional and international expansion plans, at the Arabian Travel Market (ATM) 2017. The new hotels and serviced residences in Dubai, Abu Dhabi and Egypt add to a portfolio of upcoming properties under the three hotel …
Marriott International announced it has completed the sale of its long-term leasehold interest in The Westin Maui Resort & Spa, Ka’anapali for approximately $317 million. Marriott will continue to manage the 759-room property under a long-term management agreement. The buyer is a joint venture among funds managed by Trinity Investments LLC and Oaktree Capital Management, …
Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, today signed an agreement with RSG International, a UAE-based global conglomerate, with interests in the property development, automotive and industrial equipment sectors across the Middle East, North America and South Asia, for a new five star hotel …
