‘Salt Bae’ buys a hotel in Istanbul
The steakhouse chain's owner Nusret Gokce (Salt Bae) who gained worldwide fame with his salt-sprinkling move 'Saltbae', has purchased the Park Hyatt Istanbul Nisantasi...
Hyatt to build Hyatt Centric hotels in Nashville,Memphis and Austin
Hyatt Hotels Corporation plans to build Hyatt Centric hotels in downtown Memphis, Tenn., downtown Nashville, Tenn., and downtown Austin, Texas. New Hyatt Centric hotels...
Apple Hospitality REIT acquires hotel in Orlando
Apple Hospitality REIT announced has acquired and opened the new 128-room Home2 Suites by Hilton Orlando Airport for $20.7 million, or approximately $162,000 per...
Queensgate Investments buys Grange Hotels for £1bn
Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP...
CIM Group acquires hotel in Alexandria, Virginia
CIM Group has acquired the 254-room Crowne Plaza Hotel in Alexandria, Virginia with Carr Companies.The 12-story hotel is located at 901 N. Fairfax...
Apple Hospitality REIT buys hotel in Minnesota
Apple Hospitality REIT, Inc. has acquired the 160-room Hampton Inn & Suites by Hilton Downtown St. Paul for $31.7 million from a subsidiary of...
Ashford Trust acquires a hotel in California
Ashford Hospitality Trust, Inc. has acquired Hilton Santa Cruz/Scotts Valley in Santa Cruz, California for $50 million.
To fund the acquisition the company used...
AXA IM-Real Assets buys Australian hotel portfolio
AXA Investment Managers - Real Assets has acquired 831 room Australian hotel portfolio for A$330.4 million.
The acquisition is one of the largest hotel transaction...
Hyatt and BTG Hotels to create new hospitality brand
Hyatt Hotels Corporation and BTG Hotels Co. have entered a strategic joint venture to create a new hospitality brand to expand across China. The...
Miami’s historic iconic hotel sold to joint venture
A joint venture between Deutsche Finance America, Bilgili Holding and SHVO has purchased the historic Raleigh Hotel property in Miami for $103 million...
Pebblebrook Hotel Trust sells Hotel Palomar Washington
Pebblebrook Hotel Trust has sold the 335-room, Hotel Palomar Washington, DC for $141.5 million.
The sale price of $141.5 million reflects a 14.9x EBITDA multiple...
Asia Pacific hotel investments to grow in 2019
According to JLL's latest Hotel Investment Outlook report, hotel investments expected to rise 15 percent in 2019 compared to the last year, to...
