Eyal Ofer wants to flip Mondrian Park Ave hotel for more than $150M
Global Holdings Group took hotel over from Moin Development in July - Eyal Ofer is looking for a quick flip at the swanky Mondrian Park Avenue hotel in Nomad and to bag more than $150 million.
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Mukesh Ambani’s company Reliance Industries has joined hands with the luxury hotel chain Oberoi Hotels, with their new project set to compete with Taj Hotels.Billionaire Mukesh Ambani, in an effort to advance his company’s portfolio, has signed a…
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Construction work to begin on Universal Resort Beijing's second phase 'by 2025'
Construction work on the second phase of the Universal Resort Beijing is set to begin by 2025…
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Indian hotel industry is on a tipping point of foreign institutional investments
The founder and CEO of NOESIS Capital Advisors, who’s spearheaded over a dozen hotel transactions in the last few years, analyses the reasons for India.
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Omni to make US$1.5 billion hotel investment
Texas-based Omni Hotels & Resorts is set to reinvest US$1.5 billion in its portfolio of properties over the next five years…
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Croatia’s Valdarke investing 15 mln euro in Marriott hotel
Croatian tourism and real estate company Valdarke said it will open a 15 million euro ($16 million) five-star hotel under the brand Autograph Collection by Marriott on the Adriatic island of Cres at the beginning of the next summer…
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US billionaire to bring ultra-luxury Baccarat hotel to Australia
SH Hotels & Resorts, the highly environmentally conscious global hotel chain backed by billionaire US investor Barry Sternlicht – founder of Starwood Hotels – has plans to bring its ultra-luxury Baccarat brand to Australia, as part of a major…
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As good as pubs: MA Financial taps Toga veteran for $1b hotel push
ASX-listed fund manager MA Financial has kicked off plans to accumulate a $1 billion-plus portfolio of accommodation hotels, after recruiting former Toga chief investment officer Anthony O’Hea to source acquisition opportunities and take charge of…
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CDL buys Osaka hotel for $79m, marking group’s third hotel acquisition of 2023
SINGAPORE - City Developments Limited (CDL) on Thursday announced that it had acquired a hotel in Osaka, Japan, for 8.5 billion yen (S$79 million)…
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How to Start a Hotel Business: Your Ultimate Guide
Starting a hotel can be both a thrilling and daunting venture. From boutique havens to franchising giants, this guide sheds light on the myriad pathways and decisions in crafting your dream establishment…
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MCR acquires NYC’s Gramercy Park Hotel
MCR has acquired the Gramercy Park Hotel in New York City. Morse Development, an MCR affiliate that developed the TWA Hotel at New York City’s JFK Airport, will renovate the five-star hotel…
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Tycoon Ong Beng Seng’s Hotel Properties Wins Approval To Undertake Singapore Redevelopment
Hotel Properties—controlled by tycoon Ong Beng Seng and his wife Christina—has won government approval to redevelop three of its adjoining prime properties on Orchard Road, Singapore’s main shopping strip, a project that analysts estimate could cost…
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$950M investment involving Strip hotel revealed
Visitors to Bellagio won’t see any changes in operations as a result of the formation of a new joint venture land ownership deal announced Friday…
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Alpha Real Trust buys Birmingham hotel for GBP5.1 million
Alpha Real Trust Ltd - Guernsey-based property-finance investor - Acquires 64-bedroom hotel and pub in Birmingham, England for GBP5.1 million including acquisition costs…
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Bob W Expands Its Footprint in Helsinki with Acquisition of Iconic Former Hotel Rivoli Jardin
Bob W, the innovative tech-driven short-term rental brand, is further expanding its presence in Helsinki by taking over the iconic former Hotel Rivoli Jardin in the vibrant Kaartinkaupunki district…
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New major expansion plans in Cyprus by the leading Israeli Fattal Hotel Group
Expanding its footprint in the country with the 9 hotels in Paphos, Larnaca, Protaras and Limassol…
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Iconic Sydney CBD hotel The Republic sold for circa $40m - JLL & Savills
A trophy pub Sydney CBD, sold for circa $40m with the selling agents, JLL Hotels & Hospitality Group and Savills Australia & New Zealand describing the sale as one of the most significant pub sales thus far in 2023…
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Cairns International Hotel sold by HTL Property
Cairns Southside International sold to RHCD Funds through HTL Property Directors Nic Simarro and Paul Nyholt.
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