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Acquisitions News

Artic acquires Viceroy hotel in Miami

Artic acquires Viceroy hotel in Miami

🕔Jun 9, 2016

Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company in Qatar has acquired the Viceroy Miami luxury boutique hotel and will now convert the property into a W hotel to be renamed W Miami.

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Ashford Trust announces planned sale of 5-hotel portfolio

Ashford Trust announces planned sale of 5-hotel portfolio

🕔Jun 8, 2016

Ashford Hospitality Trust, a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale hotels, has recently announced that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for US$142 million in cash (US$102,000 per key) to Noble Investment Group.

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Provenance Hotels Partners Fund I acquires hotel in New Orleans

Provenance Hotels Partners Fund I acquires hotel in New Orleans

🕔Jun 7, 2016

Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.

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New investment in the USA: Commerz Real acquires boutique hotel in New York City for hausInvest

New investment in the USA: Commerz Real acquires boutique hotel in New York City for hausInvest

🕔May 27, 2016

Commerz Real’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 York’s trendy SoHo district.

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AccorHotels moves forward in the acquisition process of Fairmont Raffles Hotels International

AccorHotels moves forward in the acquisition process of Fairmont Raffles Hotels International

🕔Apr 28, 2016

AccorHotels has cleared all antitrust approvals in relevant jurisdictions, satisfying one of the closing conditions of the pending acquisition of Fairmont Raffles Hotels International.

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China’s HNA Tourism Group agrees to acquire Carlson Hotels, Inc.

China’s HNA Tourism Group agrees to acquire Carlson Hotels, Inc.

🕔Apr 28, 2016

HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance, and online services among other sectors, and Carlson Hospitality Group, Inc. today announced they have entered an agreement, for the acquisition of Carlson Hotels, Inc.

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EL Group and InSite Group acquire Sagamore Hotel in Miami Beach

EL Group and InSite Group acquire Sagamore Hotel in Miami Beach

🕔Apr 28, 2016

A joint venture between InSite Group, a boutique real estate investment and development company founded in 1996 and based in South Florida, and the New York-based EL Group has acquired the historic 93-room Sagamore Hotel, located in the heart of world-famous South Beach, a neighborhood in the city of Miami Beach, Florida, United States.

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Union Investment acquires four-star hotel by Spanish brand Meli√° in Germany

Union Investment acquires four-star hotel by Spanish brand Meli√° in Germany

🕔Apr 26, 2016

Following the acquisition of the Meli√° Berlin, Union Investment has secured another high-yield hotel property by Spanish hotel brand Meli√° for one of its institutional real estate funds.

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Hispania acquires four hotels in Canary islands through debt acquisition

Hispania acquires four hotels in Canary islands through debt acquisition

🕔Apr 25, 2016

Hispania, the Spanish REIT, has acquired four hotels in the Canary islands through the acquisition of the debt associated to them.

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Xenia Hotels & Resorts sells DoubleTree By Hilton Washington D.C. for $65 million

Xenia Hotels & Resorts sells DoubleTree By Hilton Washington D.C. for $65 million

🕔Apr 22, 2016

Xenia Hotels & Resorts sells DoubleTree By Hilton Washington D.C. for $65 million. The price represents a 15.7x multiple on the hotel's 2015 EBITDA and a 5.5% capitalization rate on 2015 net operating income. In addition to the purchase price, the company retained the approximately $3.1 million balance in the hotel's capital expenditure reserve account.

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Union Investment acquires LondonHouse Chicago Hotel for $315 Million

Union Investment acquires LondonHouse Chicago Hotel for $315 Million

🕔Apr 21, 2016

An Oxford Capital Group, LLC led venture with Angelo, Gordon recently announced the $315 million sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, to Germany's Union Investment Real Estate.

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Marriott and Starwood Stockholders vote to approve merger

Marriott and Starwood Stockholders vote to approve merger

🕔Apr 20, 2016

Marriott International and Starwood Hotels & Resorts Worldwide have recently announced that at separate special stockholder meetings the stockholders of both companies approved proposals relating to Marriott’s acquisition of Starwood.

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QG Africa Hotel LP acquires InterContinental Hotel in Lusaka

QG Africa Hotel LP acquires InterContinental Hotel in Lusaka

🕔Apr 19, 2016

QG Africa Hotel LP, a Mauritius-based fund managed by QG Investments Africa Management Ltd, a company of the Quantum Global group, has acquired 100% interest in the InterContinental Hotel Lusaka from Kingdom Hotel Investments for a gross consideration of USD 35.9 million.

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The purchase of the Hotel Villa Magna breaks records in the hotel sector

The purchase of the Hotel Villa Magna breaks records in the hotel sector

🕔Mar 9, 2016

JLL's Hotels & Hospitality group has advised Portuguese Sodim SGPS SA on the sale of the five-star, 150-bedroom Hotel Villa Magna, Madrid, Spain, to Turkish Doğuş Group.

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Actis sells Plateno Hotel Group to JinJiang Hotels

Actis sells Plateno Hotel Group to JinJiang Hotels

🕔Mar 4, 2016

Private equity investor Actis has announced the sale of its minority stake in Plateno Hotel Group (Plateno) to Shanghai JinJiang International Hotels Development Co. LTD (JinJiang Hotels), a Shanghai A share listed subsidiary of the Chinese state-owned enterprise JinJiang Group.

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American Realty Capital Hospitality Trust acquires 6 Hotels from Summit Hotel Properties for $108.3 Million

American Realty Capital Hospitality Trust acquires 6 Hotels from Summit Hotel Properties for $108.3 Million

🕔Mar 3, 2016

American Realty Capital Hospitality Trust, Inc. recently announced that it has completed its previously announced acquisition of six hotels totaling 707 rooms for a purchase price of$108.3 million from Summit Hotel Properties, Inc., a publicly-traded hotel real estate investment trust.

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Starwood Hotels & Resorts sells Hotel Imperial, a Luxury Collection hotel, Vienna

Starwood Hotels & Resorts sells Hotel Imperial, a Luxury Collection hotel, Vienna

🕔Mar 1, 2016

Starwood Hotels & Resorts Worldwide, Inc. announced on February 15, 2016, that it has closed on the sale of Hotel Imperial, a Luxury Collection Hotel, Vienna to Al Habtoor Investment - the investment arm of UAE conglomerate Al Habtoor Group for $78.8 million USD. As part of the transaction, all rooms and suites of the iconic hotel will be renovated over the next four years. Hotel Imperial will continue to operate as part of The Luxury Collection brand under a new long-term management agreement.

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Moody National REIT II to purchase Springhill Suites Seattle

Moody National REIT II to purchase Springhill Suites Seattle

🕔Feb 11, 2016

Moody National REIT II, Inc. (REIT II) announced in early February that it has entered into an agreement to purchase the Marriott Springhill Suites Hotel in Seattle, Washington for US$74.1 million, excluding closing costs.

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Minor Hotel Group completes acquisition of Tivoli Hotels & Resorts in Portugal

Minor Hotel Group completes acquisition of Tivoli Hotels & Resorts in Portugal

🕔Feb 5, 2016

Minor Hotel Group (MHG), owner and operator of hotels and resorts in 22 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, today announced completion of the final stage of its acquisition of Tivoli Hotels & Resorts, a well-known Portugal-based brand with 14 properties across Portugal and Brazil.

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