Record-Breaking $180m Sale: InterContinental Auckland Acquired by Singapore’s HPL
Singapore’s Hotel Properties Ltd has acquired the InterContinental Auckland Hotel from Precinct Properties for what is believed to be the largest ever hotel sale in New Zealand, of $180 million.
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It’s official: Starwood Hotels is back
Starwood Capital Group put out a press release on Wednesday with quotes from Chairman Barry Sternlicht announcing the official relaunch of Starwood Hotels, rebranding from SH Hotels & Resorts with more than 40 properties open or in development…
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So long, Selina; hello Socialtel
Collective Hospitality is reimagining the ‘digital nomad’ brand it bought out of insolvency with a new name, a smaller footprint and a goal to partner with a big brand.
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ALIS luxury, lifestyle panel tackles big questions
Build or buy, brand or run independent? First Hospitality’s David Duncan offered keen insights into the decision-making process during ALIS session.
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Choice CDO talks upscale at ALIS
David Pepper reinforces Choice Hotels’ interest in moving up chain scales with Radisson and soft brands, and boasts about extended-stay pipeline.
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Blackstone Group prepares to sell 22 hotels in the Canary Islands
The American investment fund Blackstone is preparing to sell its hotel assets in Spain, currently held under its Hotel Investment Partners (HIP) division. This move comes as the hospitality sector is experiencing strong growth, providing an…
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Blackstone pours more than €500mn into southern European hotels
Blackstone has invested more than half a billion euros into hotels in southern European holiday spots over the past year, as the world’s largest real estate investor continues to expand its vast portfolio to capitalise on booming post-pandemic…
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Hyatt Hotel Rosebank standoff leaves retailers struggling
Desolate, dead and degraded, what was once a high-end luxury hotel on a corner of Rosebank is now a concrete calamity.
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AccorInvest continues to pursue options to sell down its hotel assets, as it looks to reduce and refinance group debt.
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Investors weigh global options for hospitality success
Despite the wider real estate industry feeling the effects of high interest rates and a sluggish transactions market, hospitality remains a “relative outperformer against other commercial real estate verticals”, according to Bill Grice, head of CBRE…
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Branson sells Mallorca Son Valenti hotel to top Danish Banker
Kim Fournais, Saxo Bank’s Founder and CEO, has acquired the hotel property, Son Valenti, which spans more than 200 hectares, from Virgin Hotels Collection under the Virgin Group.
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How to Buy and Sell Hotel Real Estate?
It’s not on the average person’s to-do list to buy a hotel, or sell one, for that matter - Therefore finding trusted guidance and information on how to buy and sell hotel real estate can be difficult or outdated…
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