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...
CPP Investments, Hamilton Pyramid Europe form European hospitality JV
Canada Pension Plan Investment Board (CPP Investments) and Hamilton -Pyramid Europe (Hamilton) have established a new joint venture (JV) focused on the European hospitality...
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...
Union Investment makes first acquisition in Scandinavian hotel market
Union Investment has entered the Scandinavian hotel market with the acquisition of planned 25hours Hotel Paper Island in Copenhagen.
The property is part of the...
Cascade Investment to buy controlling stake in Four Seasons
Bill Gates' Cascade Investment, L.L.C. is acquiring a controlling interest in Four Seasons Hotels and Resorts.
Four Seasons Hotels and Resorts Wednesday announced that its...
Shiva Hotels completes refinancing of its London hotel
Shiva Hotels has completed a refinancing of its soon to be launched Middle Eight hotel in Covent Garden, London. The refinance was completed by...
Stoneweg and Bain Capital sell hotel in Barcelona
Stoneweg and Bain Capital, through their hotel real estate joint venture, have sold the Casa Lit Barcelona hotel to Grupo Hoteles Gargallo.
Situated in the...
Australia’s Crown confirms $7.1bn takeover offer from Wynn Resorts
Australia’s entertainment group Crown Resorts has released a statement about media reports in relation to takeover proposal by Las-Vegas based Wynn Resort.
Crown Resorts...
Hyatt to add two new hotels to UK portfolio
Hyatt Hotels Corporation has signed a management agreement with Stratford City Hotels Limited, a wholly-owned subsidiary of M&L Hospitality, for Hyatt Regency London Stratford and Hyatt House...
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...
Twin River to acquire two Eldorado casinos for $155m
Twin River Worldwide Holdings, Inc. (Twin River) has entered into an agreement with Eldorado Resorts, Inc. (Eldorado) to acquire Eldorado Shreveport Resort and Casino...
Azora expands European hospitality portfolio with Medplaya acquisition
Azora has completed the acquisition of Medplaya Hotels S.L., one of Spain’s leading hotel operators, through its Azora European Hotel & Lodging F.C.R. (AEHL)...
