Accor to sell 10.8% interest in Ennismore to Qatari consortium
Accor Tuesday said it is entering into exclusive negotiations to sell a 10.8% stake in Ennismore, the lifestyle hospitality company, to a Qatari consortium...
Deka sells hotel in Midtown East, Manhattan
German real estate investment firm Deka Immobilien has sold 525 Lexington Avenue, a 655 room non-operating hotel in the Midtown East neighborhood of Manhattan, New...
Saudi investment fund to acquire stake in Rocco Forte Hotels
Saudi Arabia’s sovereign wealth fund the Public Investment Fund has agreed to acquire a significant minority stake in Rocco Forte Hotels. Established in 1996 by Sir...
Hyatt to open 14 new hotels during the next 24 months in India
Hyatt Hotels Corporation announced that 2019 will mark record growth for Hyatt in India. Expansion plans foresee the addition of over 2,100 guestrooms through...
Hyatt opens its first hotel in Dublin
Hyatt Hotels Corporation announced the opening of the 234-room Hyatt Centric The Liberties Dublin, the first Hyatt branded hotel in Ireland, managed by Hodson Bay Group. Located in...
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. Ascott is operating the property...
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...
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...
CDL to sell Seoul hotel for KRW 1.1 trillion
Singapore-listed City Developments Limited (CDL) is divesting the Millennium Hilton Seoul hotel to Korean real estate investment manager IGIS Asset Management. City Developments Limited said Monday...
Noble adds fourteen hotels to portfolio
Noble Investment Group has acquired a fourteen-asset Marriott, Hilton, and Hyatt hotel portfolio. Noble plans to invest in physical enhancements across the portfolio. “Since the...
