Recent Deals
Wells Fargo Bank Takes Control of JW Marriott Chicago With US$251 Million Bid
Main Photo: The JW Marriott Chicago Date: July 2022 Name: JW Marriott Chicago Location: West Adams Street, Chicago, Illinois, USA Number of Keys: 610 Seller: The hotel was owned by Orlando-based Estein USA, but was in default of $203m loan, which grew to $243m…the hotel was sold at auction in June 2022 Buyer: Wells Fargo…
Read MoreRoom Mate Hotels Close to Sale To Angelo Gordon Westmont JV
Main Photo: The bedroom at Room Mate Macarena – Gran Via, Madrid Date: July 2022 Name: Room Mate Hotels and Be Mate serviced apartments Location: Across Europe: Spain, France, Netherlands, Italy and Miami & New York, Istanbul and Mexico City Number of Keys: 2,000 across 28 properties Seller: Room Mate, started by Olympic equestrian Kike…
Read MoreFattal Acquires Six Four-Star Hotel Portfolio In Spain From KKR and Dunas JV, For €165m
Main Photo: The Alus Hawaii Ibiza, one of the six hotels sold Date: July 2022 Names: Part of the Alua Hotels Chain – Alua Hawaii Ibiza (209 rooms), Alua Miami Ibiza (360 rooms), Aluasun Miami Ibiza apartment hotel (82 Apartments), Alua Hawaii Mallorca & Suites (230 rooms and 68 Hawaii Mallorca Suites), and Alua Palmanova…
Read MoreSplendid Hospitality Acquire Holiday Inn London Brentford Lock
Main Photo: The Holiday Inn at Brentford Lock Date: July 2022 Name: Holiday Inn London Brentford Lock Location: Overlooking the water at Brentford, Middlesex, England, UK Number of Keys: 134 Seller: Brightbay Real Estate Partners Buyer: Splendid Hospitality Splendid Hospitality Group has announced the acquisition of Holiday Inn London Brentford Lock from Brightbay Real Estate…
Read More81-Key Mere Knutsford Sold to UAE-Based Select Group
Main Photo: The Mere Hotel, renowned in the Cheshire area Date: July 2022 Name: The Mere Golf Resort & Spa Location: Knutsford, Cheshire, England, UK Number of Keys: 81 Seller: The Boler family, acquired the hotel by father Stephen in 1984, and had been run by son Mark since 1997. They sold the hotel in…
Read MoreAnnie Cannon-Brookes Buys Dunk Island for AUD$25m
Main Photo: Dunk Island Date: July 2022 Name: Dunk Island Location: Great Barrier Reef, Australia Number of Keys: Before Cyclone Yasi ravaged the island, there was 160 room resort hotel on the island Seller: In July 2021 Mark Spillane tried to acquire the island through his company Upsense Media Capital, but he failed….so the current…
Read MoreBulgari Signs It’s 13th Property, In The Maldives, To Open 2025
Main Photo: The new hotel envisaged Date: July 2022 Name: Bulgari Resort Ranfushi Location: Raa Atoll, Maldives Number of Keys: 54 keys including a Bulgari Villa on a separate exclusive island comprising 33 Beach Villas each with individual swimming pool and 20 Overwater Villas Seller: The site was previously a virgin island Buyer: Bulgari Hotels…
Read MoreARA H-Trust To Divest 4 Hyatt Place Hotels for US$32.5m
Main Photo: The Hyatt Place Pittsburgh Cranberry, Pennsylvania, one of the four hotels to be sold in the deal Date: July 2022 Names: Hyatt Place Pittsburgh Cranberry, Hyatt Place Birmingham Inverness, Hyatt Place Cincinnati Northeast and Hyatt Place Cleveland Independence Locations: Pennsylvania, Alabama and two in Ohio Number of Keys: TBA Seller: Singapore listed ARA…
Read MorePebblebrook Hotel Trust Completes Sale of The Marker San Francisco For $77m to Stockdale Capital Partners
Main Photo: The Marker Hotel, San Francisco Date: July 2022 Name: The Marker, originally built in 1910 as the Bellevue Hotel Location: Geary Street, San Francisco, California, USA Number of Keys: 208, including 42 suites Seller: Pebblebrook Hotel Trust Buyer: Stockdale Capital Partners, headed up by Steven and Shawn Yari Pebblebrook Hotel Trust announced that…
Read MoreWatermark Capital Sells Holiday Inn in Chelsea, NYC for $80 million To Two Kings Real Estate
Main Photo: The Holiday Manhattan 6th Ave – Chelsea Date: July 2022 Name: The Holiday Manhattan 6th Ave – Chelsea Location: 125 West 26th, Chelsea, New York City, NY, USA Number of Keys: 226 Seller: Watermark Capital Buyer: Two Kings Real Estate Watermark Capital has found a taker for the struggling Holiday Inn in Chelsea.…
Read MoreChoice Hotels Grants Indian Suba Group Of Hotels a 15-Year Master Franchise
Main Photo: The Choice Hotels offices in India Date: July 2022 Name: Choice Hotels and Suba Group of Hotels…Exclusive rights for hotels under the Clarion, Quality and Comfort brands Location: India Number of Keys: Suba will take on the 58 Choice Hotels open and under development in India. No of Keys: 2,200 Master Franchise Owner:…
Read MoreRBH Announces Strategic Alliance With Australian Gatehouse Hospitality
Main Photo: The Westin London City, a recent addition to the RBH stable Date: July 2022 Names: RBH and Gatehouse Hospitality Locations: UK & Asia-Pacific – Gatehouse currently manages properties in Queensland, Western Australia and Victoria, Australia and has a strong pipeline of new build projects Number of Keys: RBH: 5,700; Gatehouse: TBA Partners: RBH,…
Read MoreMinor Hotels Add Second Anantara Hotel In Portugal – Alentejo
Main Photo: The lobby at the new hotel – envisaged Date: July 2022 Name: Anantara Royal Vila Viçosa – to open 2024 Location: Vila Vicosa, Alentejo, Portugal Number of Keys: 60 rooms and suites and 16 residences Seller: The building is a former 15th centurey monastery in Vila Viçosa Buyer: A strategic partnership between the…
Read MoreThe Hotel Indigo Birmingham Sold to The Caskade Group Off Listed Price of £12.5m
Main Photo: The Hotel Indigo, designed by Make, who were involved in The Gherkin in London Date: July 2022 Name: The Hotel Indigo Birmingham, to be renamed The Cube Hotel Location: The Cube, Central Birmingham, England, UK Number of Keys: 52 Seller: The hotel opened in 2011, under the banner of Sanguine Hospitality, followed shortly…
Read MoreCapitaLand’s Ascott Acquires Oakwood Worldwide To Fast-Track Growth To Over 150,000 Units Globally
Main Photo: Oakwood Premier Melbourne, Australia Date: July 2022 Name: The Ascott Limited and Oakwood Worldwide Locations: It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the USA Number of Keys: The acquisition increases Ascott’s global portfolio by 81…
Read MoreBanyan Tree Group Debuts in Japan with Five Upcoming Properties
Main Photo: The Rikyu Suite at the newly opened Garrya Nijo Castle, Kyoto Date: July 2022 Name: Banyan Tree Higashiyama – opening 2024, Banyan Tree Ashinoko Hakone – opening 2026, Cassia Hirafu – opening 2025, Dhawa Yura Kyoto – opened 2022 and Garrya Nijo Castle Kyoto – opened 2022 Locations: Kyoto, Lake Ashino and Niseko Number…
Read MoreInterGlobe Appoints Cycas As It’s European Operating Partner
Main Photo: The Hotel Reichshof Hotel, outside of the K+K brand, included in the deal Date: July 2022 Name: InterGlobe Enterprises and Cycas Hospitality with K+K Hotel Portfolio Locations: This deal: Hamburg, Paris, Barcelona, London, Vienna, Prague, Munich, Budapest and Bucharest. Number of Keys: K+K – 1,200 plus 278 at Hotel Reichshof Hamburg Owner: InterGlobe…
Read MoreSaudi Tourism Fund Signs Pact With Spain’s Melia to Set Up Three Hotel Projects, With US$266.5m Investment
Main Photo: The Gran Melia de Mar, Mallorca Date: July 2022 Name: Tourist Development Fund (TDF) and Melia Hotels International Locations: Riyadh, Jeddah and the Eastern Province, Saudi Arabia Number of Keys: TBA Funder: Tourism Development Fund Manager: Melia Hotels International, owner and operator of 350 hotels in 40 countries, with eight brands The Tourism…
Read MoreReuben Brothers Step In Fully on Admiralty Arch Hotel Development, London to See An Opening Date of 2023/24, With Waldorf Astoria Brand
Main Photo: The much delayed Admiralty Arch Hotel. Photo Credit: Archer Humphreys Date: June 2022 Name: Admiralty Arch Waldorf Astoria (we’re guessing) Location: Admiralty Arch, The Mall/Trafalgar Square, London, England, UK Number of Keys: 100+ with residences and a members’ club Seller: Prime Investors Capital (PIC), a vehicle headed by Rafael Serrano, has owned Admiralty Arch…
Read More90-Key Radisson Hotel Istanbul, Harbiye Opens
Main Photo: The exterior shot of this new Radisson hotel Date: June 2022 Name: Radisson Hotel Istanbul, Harbiye Location: Close to Taksim Square, Istanbul, Turkey Number of Keys: 90 rooms and suites Seller: TBA Buyer: TBA Radisson Hotel Group has announced the opening of Radisson Hotel Istanbul, Harbiye, located in the heart of Istanbul near…
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