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

Service Properties Trust sells eight hotels for $45.3m

Service Properties Trust sells eight hotels for $45.3m

Service Properties Trust, a real estate investment trust, or REIT, has sold eight TownePlace Suites branded hotels with 834 rooms for $45.3 million. The...
Radisson Hotel Group launches new brand for independent hotels

Radisson Hotel Group launches new brand for independent hotels

Radisson Hotel Group has launched a new brand, Radisson Individuals. Radisson Individuals is a conversion brand that offers independent hotels and local, regional chains...
CDL Hospitality Trusts sells Brisbane hotel for A$67.9m

Singapore’s CDL Hospitality Trusts sells Brisbane hotel for A$67.9m

Singapore based real estate investment trust CDL Hospitality Trusts(CDLHT) has entered into an agreement for the sale of Novotel Brisbane to ADFA Brisbane Pty...
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Feuring Hotel Lissabon GmbH & Co. KG for the first Andaz hotel in Lisbon.

Hyatt plans to open first Andaz hotel in Lisbon

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Feuring Hotel Lissabon GmbH & Co. KG for the first...
U.S. opens more hotels than any country during pandemic, says STR

U.S. opens more hotels than any country during pandemic

U.S. has opened more hotels and rooms than any country during the coronavirus pandemic, between the beginning of March and end of September, according...
Service Properties Trust terminates agreements with Marriott for 122 hotels

Service Properties Trust terminates agreements with Marriott for 122 hotels

SVC Terminated Marriott Agreements for Failure to Meet 80% Termination Threshold for Cumulative Owner’s Priority Returns to SVC through August SVC Plans to Transfer the...
Colony Capital announces the sale of hospitality portfolios

Colony Capital announces the sale of hospitality portfolios

Colony Generates Significant Strategic and Financial Benefits on Exit From Hospitality Business Sale Represents Key Milestone in Colony Capital’s Digital Transformation Colony Capital, Inc. (NYSE: CLNY)...
Capco to sell hotel development in Covent Garden for £76.5m

Capco to sell hotel development in Covent Garden for £76.5m

Capital & Counties Properties PLC (Capco) has exchanged contracts to sell the Wellington block, a freehold island site located on the south east corner...
Covivio completes acquisition of eight hotels for €573m

Covivio completes acquisition of eight hotels for €573m

Covivio announced it has completed the acquisition of the portfolio of eight hotels located in Rome, Florence, Venice (x2), as well as in Nice,...
Service Properties Trust to transfer 103 hotels to Sonesta from IHG

Service Properties Trust to transfer 103 hotels to Sonesta from IHG

-Rebranding Hotels to Sonesta Expected to Improve SVC Operating Results -IHG Failed to Pay Owner’s Priority Returns to SVC for July and August Service Properties Trust (Nasdaq:...

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