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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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New-build Novotel Hotel to touchdown at Christchurch Airport

New-build Novotel Hotel to touchdown at Christchurch Airport

🕔Apr 19, 2016

AccorHotels is pleased to announce that it will open a new-build Novotel hotel with 200 rooms at Christchurch Airport following the signing of an agreement with Christchurch International Airport Ltd.

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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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