Park Hotels sells hotel in Los Angeles for $117m
Park Hotels & Resorts Inc. has sold the 182-room Ace Hotel Downtown Los Angeles, located in Los Angeles, CA, for $117.0 million.
“We are very...
Ascott Residence Trust to join international real estate investment index
Ascott Residence Trust (ART), the hospitality trust in Asia Pacific, announced it will be included in the FTSE EPRA Nareit Global Real Estate Index...
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...
Henderson Park to acquire 12 Hilton hotels across UK, Ireland
European real estate investment platform Henderson Park has agreed to acquire a portfolio of 12 predominantly freehold Hilton branded hotels across the UK and...
Blackstone acquires Crown Resorts, its largest investment to date in Asia
Blackstone has completed the acquisition of Crown Resorts for A$8.9 billion (US$6.2 billion).
Blackstone said the acquisition is 'its largest investment to date' in Asia...
Pandox acquires Leeds hotel for £53m
Sweden-based hotel property company Pandox has acquired The Queens Hotel in central Leeds, UK for £53 million.
The acquisition includes both the hotel property...
Radisson to open hotel in Paris’ Triangle project
URW and AXA IM Alts have signed an agreement with Radisson Hotel Group for the opening of a hotel in the Triangle project in...
Henderson Park snaps up Arizona Biltmore for $705m
London-based private equity real estate firm Henderson Park has acquired the Arizona Biltmore resort in Phoenix, Arizona, from Blackstone Real Estate for $705 million.
The iconic...
Union Investment offloads hotel complex in Charleston
Germany-based real estate company Union Investment has sold the Hyatt House/Hyatt Place hotel complex in Charleston, South Carolina, to the US investment platform Highline...
LaSalle acquires London hotel from RE Capital for £48m
LaSalle Investment Management has acquired the Ruby Stella Hotel in London’s Farringdon district from RE Capital for £48 million.
Savills acted on behalf of RE...
Derwent London secures consent for hotel-led scheme in Brixton
Derwent London has received planning permission to proceed with a hotel-led redevelopment of Blue Star House in Brixton, South West London.
The approved scheme will...
Covivio takes over management of Brussels Airport hotel
Covivio has taken a further step in its hospitality expansion strategy by assuming direct management of the Crowne Plaza Brussels Airport hotel in Brussels,...
