IOI’s Lee brothers join Asian billionaires in S’pore hotel building spree
Lee Yeow Chor and Lee Yeow Seng among at least 10 Asian billionaires investing over RM20.6 billion to build new hotels across the island state…
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IOI’s Lee brothers join Asian billionaires in S’pore hotel building spree
Lee Yeow Chor and Lee Yeow Seng among at least 10 Asian billionaires investing over RM20.6 billion to build new hotels across the island state…
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Investment fund buys well-known four-star Malaga city centre hotel
As well as the 102 room Molina Lario, Meridia V has also acquired the Gallery hotel in Barcelona from the Gómez Casals family.
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Vivium Holding acquires boutique hotel in Greece
UAE family office Vivium Holding, headquartered in Dubai, is venturing into hospitality by acquiring a boutique hotel nestled on the beautiful island of Paros, Greece.
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Crawford Hoying is excited to announce the acquisition of Homewood Suites by Hilton Columbus OSU in partnership with award-winning, international hotel owner, operator and developer, Shaner Hotel Group…
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Orascom Development welcomes Stuart Leven as CEO of the Hotels Management Division
Orascom Development announces the appointment of Stuart Leven as Chief Executive Officer of Orascom Hotels Management (OHM), the wholly owned subsidiary responsible for most hotel operations of the leading international developer of vibrant…
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Bally’s Corp Eyes Trump Golf Links for Casino Hotel Amidst Fierce Competition
Bally’s Corp., renowned regional casino operator based in Rhode Island, is said to be purchasing Trump Golf Links at Ferry Point, The Bronx, from the Trump Organization – the empire commanded by the family of ex-President Donald Trump…
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Deerfield hotels sold at painful prices for sellers
Sales of two Deerfield hotels this month dealt painful financial blows to the sellers, highlighting suburban hotels' diminished values amid higher interest rates and business travel's slow recovery.
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Innovative Corporate Structures Drive Successful Hospitality, Hotel Valuation Remains Strong
The challenges facing hotel owners with maturing debt as well as hotel investors and developers are significant. However, they are increasingly getting creative and finding alternative financing solutions…
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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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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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Marcus Hotels & Resorts Appoints Tiffany Leadbetter Donato as Chief Investment Officer
Marcus® Hotels & Resorts, a nationally recognized hotel owner and management company and division of The Marcus Corporation (NYSE: MCS), today announced the appointment of Tiffany Leadbetter Donato as its first chief investment officer…
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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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$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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