Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company inÂ QatarÂ has acquired the Viceroy Miami luxury boutique hotel and will now convert the property into a W hotel to be renamed W Miami.
Provenance Hotels Partners Fund I (PHPF I) hasÂ announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.
Commerz Realâ€™s open-ended real estate fund hausInvest as part of its strategy to further expand its hotel investment portfolio. Its latest acquisition is the newly completed 11 Howard hotel, a 221 room boutique hotel on Howard Street in New Yorkâ€™s trendy SoHo district.
The Catalan group Solixent Invest has invested â‚¬30 million in the construction of new five-star hotel Ohla Eixample, at number 289 of the CĂ˛rsega street in Barcelona.
A joint venture betweenÂ InSite Group,Â a boutique real estate investment and development company founded in 1996 and based in South Florida,Â and the New York-based EL Group has acquired the historic 93-room Sagamore Hotel, located in the heart of world-famous South Beach,Â a neighborhood in the city of Miami Beach, Florida, United States.
Starwood Hotels & Resorts Worldwide, Inc. has recentlyÂ announced it will significantly expand its Element Hotels portfolio in North America.
The Barcelona-basedÂ Eurostars HotelsÂ chain, a subsidiary fully owned by theÂ Hotusa Group,Â has recently announced the opening ofÂ its fourth establishment in the city of Porto, Portugal, theÂ Eurostars Porto Douro 4*.