Service Properties Trust to transfer 103 hotels to Sonesta from IHG
-Rebranding Hotels to Sonesta Expected to Improve SVC Operating Results
-IHG Failed to Pay Owner’s Priority Returns to SVC for July and August
Service Properties Trust (Nasdaq:...
Numa acquires UK lifestyle apart hotel brand Native Places
Berlin-based hospitality platform Numa Group has acquired Native Places, a UK lifestyle apart hotel brand, from Native Holdings.
The company has acquired 100% of Native...
Blackstone to sell The Cosmopolitan of Las Vegas for $5.65bn
Blackstone announced Monday that Blackstone Real Estate Partners VII L.P. (BREP) has agreed to sell The Cosmopolitan of Las Vegas for $5.65 billion.
Blackstone said, since...
Trinity to invest in European real estate hospitality assets
US based hospitality-focused real estate investor Trinity Investments has established a London office as part of its global expansion.
The new office location in...
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...
Service Properties Trust announces new agreements with Marriott
-Combines Three Existing Agreements, Extends Term, Increases Credit Support, Provides for Renovation and Sale of Certain Hotels
Service Properties Trust (Nasdaq: SVC) has entered agreements...
Dalata acquires Dublin Airport hotel for €83m
Dalata Hotel Group has agreed to acquire the entire issued share capital of CG Hotels Dublin Airport Limited, which holds the long leasehold interest...
ActivumSG enters German serviced apartment market with Centralis acquisition
ActivumSG has announced the majority acquisition of Centralis, a serviced apartment platform focused on the German market.
The deal includes both the corporate entity...
ActivumSG fund buys hotel operator Odyssey
A fund managed by ActivumSG Capital Management has acquired hotel operator Odyssey Hotel Group.
The purchase, details of which are not being disclosed, is the...
Eurazeo invests in Paris-based aparthotel operator Babylon
Eurazeo, through its Ezore fund, has acquired a majority stake in Babylon, an integrated aparthotel operating platform active in Paris and the Greater Paris...
Pebblebrook Hotel Trust to sell two hotels in US for $331m
Pebblebrook Hotel Trust, a publicly traded real estate investment trust (REIT), announced it has agreed to sell two hotels, the 422-room InterContinental Buckhead Atlanta...
Inter Continental Hotels Group opens its 100th Hotel Indigo
Inter Continental Hotels Group has opened its 100th Hotel Indigo® property globally, Hotel Indigo® Berlin East Side Gallery.
The brand was established in 2004...
