Purchases and Sales

Vistana spin-off date set

Starwood has set a March 28, 2016 as the date for the proposed spin-off of its vacation ownership business, Vistana… Read More »Vistana spin-off date set

Starwood accepts Marriott’s revised offer

Marriott International has made a roaring comeback in its battle to build the world’s biggest hotel group, winning Starwood’s green… Read More »Starwood accepts Marriott’s revised offer

Marriott studies Anbang bid for Starwood

Marriott International issued the following statement regarding its proposed Starwood merger acquisition: Marriott International, Inc. has been informed by Starwood… Read More »Marriott studies Anbang bid for Starwood

NY Plaza Hotel up for auction

New York’s Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported. David and Simon… Read More »NY Plaza Hotel up for auction

Scandic expands network

Scandic Hotels is continuing to expand its Nordic hotel network by taking over the operation of the centrally located First… Read More »Scandic expands network

Chinese group buys Strategic Hotels & Resorts

China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc for around US$6.5 billion, as the owner… Read More »Chinese group buys Strategic Hotels & Resorts

EDITION to open in Barcelona in 2017

Marriott International, together with Ian Schrager and the owner and developer KKH Property Investors, announce plans to open a property… Read More »EDITION to open in Barcelona in 2017

Actor sells land for resort hotel

A hospitality company has bought from actor Kevin Costner 103 acres in the Old West gambling town of Deadwood in… Read More »Actor sells land for resort hotel

Marriott to double in Europe

Marriott International in Europe said it will double in size once its acquisition of Starwood Hotels & Resorts Worldwide is… Read More »Marriott to double in Europe

Rezidor buys into budget chain

Sweden’s Rezidor Hotel Group has agreed to buy a 49 percent stake in start-up budget hotel chain Prizeotel for 14.7… Read More »Rezidor buys into budget chain

Swedish hotels sold

Pandox signs an agreement with Midstar to divest eight hotels with a total of 965 rooms in Sweden. The acquisition… Read More »Swedish hotels sold

Jin Jiang increases stake in Accor

Shanghai Jin Jiang International has raised its stake in French hotel group AccorHotels to 5.5 percent, becoming its second-largest shareholder,… Read More »Jin Jiang increases stake in Accor

Minor completes purchase of Tivoli hotels

Minor Hotel Group, owner and operator of hotels and resorts in 22 countries across Asia Pacific, the Middle East, Europe,… Read More »Minor completes purchase of Tivoli hotels

Record year for Starwood

Starwood Hotels & Resorts closed 2015 with 220 newly signed hotel management and franchise agreements, a 26 percent increase over… Read More »Record year for Starwood

Goldman Sachs invests US$66m in Indian hotel firm

Goldman Sachs has invested 4.4 billion rupees (US$66 million) for a significant minority stake in Indian hotel investment and development… Read More »Goldman Sachs invests US$66m in Indian hotel firm

Greek resort sold off

Greece?s privatisation agency has signed a 400 million euro (US$434.3 million) deal with Jermyn Street Real Estate Fund to sell… Read More »Greek resort sold off

Tycoon sells US$3.2 billion of China real estate

China? Evergrande Real Estate Group Ltd has agreed to buy mainland property assets, including hotels, in cities including Shanghai and… Read More »Tycoon sells US$3.2 billion of China real estate

Dusit Fudu signs resort in Hunan

Dusit Fudu Hotels and Resorts signs an agreement with Zhuzhou Nature Real Estate Development Company to manage the first upscale,… Read More »Dusit Fudu signs resort in Hunan

Ronaldo to launch boutique hotels

Cristiano Ronaldo and Portuguese hotel group Pestana announced a joint partnership to launch four boutique hotels. The joint venture, co-owned… Read More »Ronaldo to launch boutique hotels

Marriott seals US$500 financing for Colorado complex

Marriott International, together with the owner and development partnership led by RIDA Development Corp and Ares Management, announced the closing… Read More »Marriott seals US$500 financing for Colorado complex