Hotel Investing Remains Cheap as Sector’s Recovery Continues, per Analyst
Morgan Stanley’s Bluhm notes that lodging deal activity is picking up amid lowering rates…
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The Private Jet Villa Is World's First Boeing 737 Hotel Conversion, Will Blow Your Mind
Airplane conversions are not rare, but they're not the norm, either. Upcycling decommissioned aircraft is a task only for the strongest of hearts and the deepest of pockets, no matter how low and attractive the price of the fuselage…
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Talaat Mostafa's ICON completes acquisition of 7 Egyptian state-owned hotels
Egypt's leading real estate developer Talaat Mostafa Group (TMG) has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels, the TMG said in a disclosure statement…
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Tourists and business travellers alike hit the road again last year, boosting demand for hotel rooms by 11 per cent Canada wide…
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Budgeting for Technology Upgrades in Hotels
Imagine walking into a hotel where check-in happens seamlessly through a mobile app, the room preferences are customized to your liking even before you step in, and the concierge services are just a voice command away…
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Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio
Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group…
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Libyan Investment Authority launches hostile takeover of South Africa’s Legacy Hotels
The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
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MCR Refinances 16 Hotels for $333 Million
NEW YORK, February 08, 2024--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds…
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Hotel Industry Investors Cheer Expected Rate Cuts and Improving Fundamentals in 2024
Insurance Costs and Lack of International Travelers Dampen Profitability Expectations - As owners, investors and operators met in Los Angeles for the Americas Lodging Investment Summit, a healthy dose of optimism permeated the conference halls and…
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Owner Defaults on San Francisco Financial District Hilton Hotel
The InterGroup Corporation is a Delaware corporation formed in 1985, as a successor to Mutual Real Estate Investment Trust, a New York real estate investment trust created in 1965…
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Thai hotel investments accelerate and Inflows approach pre-pandemic levels
Hotel investment in Thailand is ramping up at the same rate as prior to the pandemic, driven by more hotel conversions and an increase in lending among banks, based on an optimistic tourism industry, according to hospitality consultant C9…
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Shamal Holding breaks ground on exclusive Baccarat Hotel and Residences Dubai
In an exclusive ground-breaking ceremony, Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has inaugurated the start of construction for the highly anticipated Baccarat Hotel and…
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Starwood Capital acquires portfolio of 10 hotels from Edwardian Group
LONDON – Starwood Capital Group, a global private investment firm with a primary focus on real estate, announced that a controlled affiliate has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market…
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GIC Seeks to Sell Hilton Hotel in Japan for Over $580 Million
Singapore sovereign wealth fund GIC Pte is considering selling a 1,053-room hotel in western Japan, and has been marketing the property to potential investors since late last year, according to people familiar with the matter…
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Plans to build homes, hotel towers in Bal Harbour meet with fierce resistance
The owners of Bal Harbour Shops, a luxury shopping centerpiece for 60 years in the middle of a $550 million expansion, plan to build bigger. Armed with Florida's Live Local Act, developers revealed blueprints for towers more than 270 feet tall…
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A Norwegian venture into hotel entrepreneurship in Cambodia
In 2003, Norwegian Karl Johan Remoy embarked on a journey. A journey that would take him from being a globetrotting consultant to becoming an entrepreneur in Cambodia’s hotel industry…
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Mastering the art of hotel investment: Crafting an exit strategy
Planning an exit strategy is an essential component of hotel investment that enables investors to align their objectives and goals with a well-defined roadmap for exiting their investment…
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Luxury hotel plans threaten East Jerusalem’s Armenian quarter
Activists say a controversial deal to build a luxury hotel could destroy part of East Jerusalem’s historical Armenian quarter, accusing the company behind the plan of paying people to seize land by force…
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