Family Office Cash Drives New York Luxury Hotel Buying Spree
Gencom, a Miami-based real estate developer and operator, has snapped up two New York City luxury hotels in the past four months, funded in large part by family offices.
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Brookfield turns to ‘fixer’ mode
Head of Hospitality Investments Shai Zelering said the PE giant wants to focus on the operations fundamentals of the business through capital infusions or collaborations.
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Where to look for hotel supply (and why)
Nordic-focused private equity investor Slättö recently announced plans to expand its hospitality portfolio by acquiring a run down, 1960s office building. The property purchased, a sombre concrete and green glass monolith, was occupied by the…
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Soft brand hopes to leverage 3.5 billion potential customers and the untapped possibilities it presents to its member properties.
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Bosphorus landmark waterfront hotel Les Ottomans sold for $80M
Les Ottomans, one of Istanbul’s most iconic waterfront properties, was sold for ₺3.2 billion ($80 million) on Monday in a court-ordered foreclosure auction to BLG Capital, a company led by prominent real estate investor Serdar Bilgili…
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Africa’s hotel performance still a wild card
After two years of solid recovery, the global hospitality industry has moved into “steady, modest and expected” growth patterns but Africa presents a far more complex picture.
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The Trump Organization and DarGlobal have announced plans for the Trump International Hotel & Tower in Dubai. The skyscraper will reach 350 meters (1,148 feet), making it one of the tallest buildings in the city…
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Egypt 'Extremely Challenged' by Hotel Rooms Shortage, Says Tourism Minister
Egypt says it needs 250,000 more hotel rooms to be constructed if its to hit its tourism goals for the next decade.
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Student housing shares lessons with hospitality
The purpose-built student accommodation (PBSA) sector is one of real estate investments fastest growing sectors, with funds increasingly drawn by its high yielding models and favourable demand dynamics…
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