Friday, February 28, 2020
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Global hotel commercial real estate news, insights, trends including resorts, lodging, casino hotels, acquisitions, disposals and openings.

Hilton Hotel in The Hague sold for €70m

Hilton Hotel in The Hague sold for €70m

Avignon Capital, the European investment and asset management firm, has acquired the Hilton Hotel, located in The Hague from Hillgate Development and...
Pebblebrook Hotel Trust to sell two hotels in US for $331m

Pebblebrook Hotel Trust to sell two hotels in US for $331m

Pebblebrook Hotel Trust, a publicly traded real estate investment trust (REIT), announced it has agreed to sell two hotels, the 422-room InterContinental...
CapitaLand's Ascott opens serviced residence in Osaka

CapitaLand’s Ascott opens serviced residence in Osaka

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott),has opened its first Citadines serviced residence in Osaka, Japan.
H.I.G. Capital invests in luxury complex near Venice

H.I.G. Capital announces investment in Portopiccolo, Italy

H.I.G. Capital, LLC announced that one of its affiliates has recently completed an investment in Portopiccolo, a state of the art, self-contained...
Caesars, VICI Properties sell Harrah’s Reno for $50m

Caesars, VICI Properties sell Harrah’s Reno for $50m

Caesars Entertainment and VICI Properties have signed an agreement to sell Harrah’s Reno Hotel and Casino to an affiliate of CAI Investments...
Blackstone, MGM Growth form JV to acquire Las Vegas real estate assets for $4.6bn

Blackstone, MGM Growth form JV to acquire Las Vegas real estate assets for $4.6bn

MGM Growth Properties LLC (MGP) and Blackstone Real Estate Income Trust, Inc. (BREIT) have entered into a definitive agreement to form a new joint...
Eldorado Resort and Casino in Shreveport sold for $230m

Eldorado Resort and Casino in Shreveport, Louisiana sold for $230m

Eldorado Resorts announced that it has agreed to sell the Eldorado Resort and Casino in Shreveport, Louisiana to Maverick Gaming LLC for...
Värde Partners to sell luxury hotel portfolio to Covivio

Värde Partners to sell luxury hotel portfolio to Covivio

Värde Partners, a global alternative investment firm, has agreed to sell a portfolio of eight luxury hotels operating under The Dedica Anthology...
Service Properties Trust announces new agreements with Marriott

Service Properties Trust announces new agreements with Marriott

-Combines Three Existing Agreements, Extends Term, Increases Credit Support, Provides for Renovation and Sale of Certain Hotels Service...
MGM Resorts sells Circus Circus Las Vegas for $825m

Circus Circus Las Vegas sold for $825m

MGM Resorts International announced that it has closed on its sale of Circus Circus Las Vegas and the 37 adjacent acres for $825...

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