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

Park Hotels & Resorts to sell two San Francisco hotels for $303.5m

Park Hotels & Resorts to sell two San Francisco hotels for $303.5m

Park Hotels & Resorts (Park) on Tuesday said it has agreed to sell Le Meridien San Francisco and Hotel Adagio, Autograph Collection (San Francisco, CA) for...
DiamondRock sells hotel in New York City for $185m

DiamondRock sells hotel in New York City for $185m

DiamondRock Hospitality Company has completed the sale of the 725-room Lexington Hotel in New York City for $185.3 million.  Including the company's projected capital expenditures, the sale price...
Union Investment enters Irish hotel market

Union Investment enters Irish hotel market

Hamburg-based real estate investment manager Union Investment has entered the Irish hotel market by acquiring the planned Premier Inn hotel in Dublin’s Docklands. The...
USAA Real Estate sells luxury resort in San Antonio

USAA Real Estate sells luxury resort in San Antonio

USAA Real Estate has sold La Cantera Resort & Spa to affiliates of Ohana Real Estate Investors in San Antonio.  The Resort has been...
Park Hotels & Resorts to sell two assets for $149m

Park Hotels & Resorts to sell two assets for $149m

Park Hotels & Resorts (Park) has agreed to sell two assets for combined gross proceeds of $149 million, or approximately $360,000 per key. The assets consist...
Azora acquires resort in Costa Brava, Spain

Azora acquires resort in Costa Brava, Spain

Madrid-based European private equity real estate manager Azora has acquired the Arenas Resort Giverola, in Costa Brava, Spain from Swiss hotel group Arenas The...
Hyatt to grow brand portfolio in India more than 70% by 2023

Hyatt to grow brand portfolio in India more than 70% by 2023

Hyatt Hotels Corporation said Wednesday that it plans to grow its brand portfolio in India by more than 70% by 2023. With over 20 executed...
H.I.G. Capital acquires resort hotel in Norway

H.I.G. Capital acquires resort hotel in Norway

H.I.G. Capital has acquired Hotel Ullensvang, a 170-key upscale waterside resort located in Norway’s Hardangerfjord. Terms were not disclosed. “Hotel Ullensvang is an excellent addition...
Colony Capital completes exit from hospitality business

Colony Capital completes exit from hospitality business

Colony Capital has completed the sale of six hospitality portfolios to Highgate and an affiliate of Cerberus Capital Management for $2.8 billion. The transaction concludes...
Crown Resorts receives $6.2bn acquisition proposal from Blackstone

Crown Resorts receives $6.2bn acquisition proposal from Blackstone

Australian casino operator Crown Resorts has received an acquisition proposal from Blackstone that values the company at A$8.02 billion ($6.2 billion). Crown Resorts said on...

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