Savills: Supply of new Irish hotel rooms likely to remain limited
The value of hotel transactions in Ireland fell 30% last year to €350m as the hike in global interest rates hit hard, and the supply of new rooms will likely be limited for some time, with a share of Dublin hotel accommodation remaining contracted…
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GAW CAPITAL SELLS SINGAPORE’S HOTEL G TO CAPITALAND’S ASCOTT FOR $180M
Gaw Capital Partners has completed the sale of the Hotel G in Singapore to an entity controlled by CapitaLand Group, according to corporate records filed with local authorities…
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Dubai’s Dutco Group acquires Scottish hotel and golf resort
Mar Hall Hotel, Golf and Spa Resort has been acquired by Dubai-based Dutco Group, supported by investment and asset management firm, Align Partners…
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Foley Entertainment Group Expands Luxury Hotel Portfolio with Acquisition of MacArthur Place
Iconic Sonoma, Calif., hotel and spa the latest addition to FEG's hospitality vertical - Foley Entertainment Group (FEG), established by businessman and Sonoma Valley vintner, Bill Foley, has acquired Sonoma’s iconic MacArthur Place Hotel & Spa from…
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Hotel Owners Push Back on Merger of National Brands
Franchisees are fighting Choice Hotels’ attempted takeover of its biggest rival, which would create a dominant player in the budget hotel sector…
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Developers Finalize Acquisition and Financing for JFK Hotel-to-Residential Conversion
Slate Property Group and RiseBoro Community Partnership have acquired the shuttered JFK Hilton hotel in Jamaica, Queens, for $64 million, with plans to start converting the site into supportive housing next month, the developers and city officials…
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Tallest hotel in Las Vegas finally welcomes guests after sitting empty for 10 years
The tallest hotel in Las Vegas has finally opened its doors after a sitting empty and unfinished for more than 10 years.
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SeaWorld Orlando planning new 504-room hotel with direct theme park access, documents show
SeaWorld Orlando could soon be entering the hotel business…
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Globetrotters' Gold Rush: Top Urban Hotspots Entice Hotel Investors
An increase in foreign travel following the reopening of all international borders earlier this year is positively impacting the hospitality industry, with global urban markets such as London, New York and Tokyo emerging as the most appealing for…
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Developer-led company 216 blocks - A newly opened Portland tower block anchored by the Ritz-Carlton Hotel has defaulted on a $127 million loan on a California hotel project…
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Gosford expands with new $375m complex and voco hotel
Sydney developer ALAND has joined IHG Hotels & Resorts to open a new premium hotel as part of its $375 million apartment project on the expanding NSW Central Coast…
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Blackstone buys Kyoto Moxy Nijo hotel for $54 million amid tourism boom
Blackstone (NYSE:BX) Inc. has acquired the Moxy Kyoto Nijo, a Marriott International (NASDAQ:MAR) hotel, for ¥8 billion ($54 million), tapping into the flourishing Japanese hospitality market fueled by a robust recovery in tourism…
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Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte
Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
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Niagara Falls landmark to be transformed into $200 million boutique hotel
After a three-stage public procurement process, redevelopment plans are now locked in to restore and revamp the abandoned Toronto Power Generating Station in Niagara Falls, Ont…
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FCTA, Daewoo in Talks Over Citing of 5-Star Hotel in Abuja
“Even though there will be a lot of challenges for doing business between you and us, we are willing to comply with your demands and your guidance,” said Jung Won Ju. The FCT Minister, Mr…
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Los Angeles City advances restrictions on new hotel development
A proposal to force hotel developers to replace housing lost in the development process advanced out of the Los Angeles City Planning Commission last week as part of a deal between the city and a local labor union. On Nov…
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There is a lot capital on the sidelines waiting to be deployed, but European investors said that's likely where it will stay, at least for the foreseeable future…
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COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete…
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