NEW YORK: Dirty and crowded — and surrounded by police, both in uniform and plain clothes — this is how once a swanky New York hotel, Roosevelt, now looks: a shelter for homeless refugees…
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NEW YORK: Dirty and crowded — and surrounded by police, both in uniform and plain clothes — this is how once a swanky New York hotel, Roosevelt, now looks: a shelter for homeless refugees…
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Värde Partners Lends $58M on Houston Hotel Acquisition
Stockdale Capital Partners has sealed $58 million of acquisition financing to purchase a Houston hotel adjacent to Texas Medical Center (TMC), Commercial Observer has learned…
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Warner Leisure Hotels to grow to 18 properties with £100m investment
Warner Leisure Hotels has acquired two hotels, including its first ever Scottish property, amid an expansion push for the 16-strong hotel group…
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Blackstone underestimated size of Crown Resorts challenge
The chairman of Crown Resorts says Blackstone underestimated the amount of work required to transform the casino giant’s culture and systems following years of scandal.
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MGM casino-resort project in Japan closes certification with signed agreement
MGM Resorts says its plan for a new casino-resort in Japan took another step forward after signing an implementation agreement for the development this week…
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Sharjah’s Shurooq plans four new hotels in expansion push
The government-owned entity aims to tap more international tourists amid higher travel demand, its chief executive says…
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ITC's hotel business will not need significant capital raise, says CMD Sanjiv Puri
ITC CMD Sanjiv Puri said that the hotel business will have no debt and it will be able to fund its expansion over the next two to three years…
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New York hotel group MCR buys Canopy by Hilton SouthPark for $42.5M
The SouthPark hotel acquisition marks MCR's seventh property in North Carolina and fifth in the Charlotte market.
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Aimbridge makes double development appointment
US-headquartered hotel management company, Aimbridge Hospitality, has hired a pair of industry veterans to expand its global growth leadership team…
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IOI’s Lee brothers join Asian billionaires in S’pore hotel building spree
Lee Yeow Chor and Lee Yeow Seng among at least 10 Asian billionaires investing over RM20.6 billion to build new hotels across the island state…
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Investment fund buys well-known four-star Malaga city centre hotel
As well as the 102 room Molina Lario, Meridia V has also acquired the Gallery hotel in Barcelona from the Gómez Casals family.
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Vivium Holding acquires boutique hotel in Greece
UAE family office Vivium Holding, headquartered in Dubai, is venturing into hospitality by acquiring a boutique hotel nestled on the beautiful island of Paros, Greece.
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Crawford Hoying is excited to announce the acquisition of Homewood Suites by Hilton Columbus OSU in partnership with award-winning, international hotel owner, operator and developer, Shaner Hotel Group…
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Orascom Development welcomes Stuart Leven as CEO of the Hotels Management Division
Orascom Development announces the appointment of Stuart Leven as Chief Executive Officer of Orascom Hotels Management (OHM), the wholly owned subsidiary responsible for most hotel operations of the leading international developer of vibrant…
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Bally’s Corp Eyes Trump Golf Links for Casino Hotel Amidst Fierce Competition
Bally’s Corp., renowned regional casino operator based in Rhode Island, is said to be purchasing Trump Golf Links at Ferry Point, The Bronx, from the Trump Organization – the empire commanded by the family of ex-President Donald Trump…
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Deerfield hotels sold at painful prices for sellers
Sales of two Deerfield hotels this month dealt painful financial blows to the sellers, highlighting suburban hotels' diminished values amid higher interest rates and business travel's slow recovery.
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Innovative Corporate Structures Drive Successful Hospitality, Hotel Valuation Remains Strong
The challenges facing hotel owners with maturing debt as well as hotel investors and developers are significant. However, they are increasingly getting creative and finding alternative financing solutions…
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Eyal Ofer wants to flip Mondrian Park Ave hotel for more than $150M
Global Holdings Group took hotel over from Moin Development in July - Eyal Ofer is looking for a quick flip at the swanky Mondrian Park Avenue hotel in Nomad and to bag more than $150 million.
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