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.
Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.
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.
The Catalan group Solixent Invest has invested €30 million in the construction of new five-star hotel Ohla Eixample, at number 289 of the Còrsega street in Barcelona.
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.
Starwood Hotels & Resorts Worldwide, Inc. has recently announced it will significantly expand its Element Hotels portfolio in North America.
The Barcelona-based Eurostars Hotels chain, a subsidiary fully owned by the Hotusa Group, has recently announced the opening of its fourth establishment in the city of Porto, Portugal, the Eurostars Porto Douro 4*.