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

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...
BMO REP buys two newly developed hotels in UK

BMO REP buys two newly developed hotels in UK

BMO Real Estate Partners has completed the acquisition of two newly developed Travelodge hotels. The two pre-let developments funded by BMO REP on behalf...
Blackstone, Starwood Capital to acquire Extended Stay for $6bn

Blackstone, Starwood Capital to acquire Extended Stay for $6bn

Blackstone Real Estate Partners and Starwood Capital Group have agreed to acquire Extended Stay America, Inc., headquartered in Charlotte, North Carolina, the largest integrated...
VICI Properties to buy Venetian Resort's real estate in Las Vegas

VICI Properties, Apollo funds to buy Venetian Resort Las Vegas for $6.25bn

VICI Properties and Apollo Global Management have entered into a definitive agreement to acquire the Venetian Resort Las Vegas and the Sands Expo and...
Starwood provides £1.8bn loan for Blackstone's UK holiday company buy

Starwood provides £1.8bn loan for Blackstone’s UK holiday company buy

Starwood Capital Group has originated a £1.8bn term loan as mandated lead arrangers to Blackstone Capital Partners and Blackstone Real Estate Partners for the...
Acore raises $1bn to provide rescue capital to North American hotels

Acore raises $1bn to provide rescue capital to hotels

Commercial real estate finance company Acore Capital has raised $1 billion to provide rescue capital to North American hotel operators. The company has launched Acore...
Accor sells stake in Huazhu for €239m

Accor sells stake in Huazhu for €239m

Accor has sold a 1.5% stake in Huazhu Group Limited, a multi-brand hotel management company in China, for €239 million. Accor said, after this transaction, it owns a 3.3% stake in Huazhu and...
JLL appoints Gilda Perez-Alvarado as global CEO, hotels & hospitality

JLL appoints Gilda Perez-Alvarado as global CEO, hotels & hospitality

JLL has appointed Gilda Perez-Alvarado as global CEO of its Hotels & Hospitality Group. Gilda Perez-Alvarado will succeed Mark Wynne-Smith, who will continue as...

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