AccorHotels purchases three hotel asset portfolios in Europe representing 29 hotels with 3,677 rooms for a total of ?284 million.
The transactions comprise:
A portfolio acquired from AXA Investment
TJM Atlantic City adds a third property to its portfolio with the purchase of the 274-room Radisson Philadelphia Northeast.
The recently formed hotel management company purchased the Radisson for
Omni Hotels & Resorts fully acquires Toronto?s iconic The Omni King Edward Hotel, which dates back to 1903.
Omni has been managing and operating the hotel since August 1,
AccorHotels inaugurates the Pullman Paris Roissy CDG Airport and ibis Styles Roissy CDG Airport hotels in the Paris-Charles de Gaulle hub, Europe?s second-largest and the world?s
Tsogo Sun, Africa?s biggest hotel and gambling firm, will sell 10 hotels to Hospitality Property Fund in exchange for shares, the two companies announced.
The deal, which is agreed
Following the announcement of Marriott?s deal to buy Starwood for US$12 billion, a Reuters comment piece looked at why Hyatt Hotels lost out.
At the 11th hour, Hyatt
Marriott International Inc will buy Sheraton owned Starwood Hotels & Resorts Worldwide Inc in a US$12.2 billion deal to create the world?s largest hotel chain.
The combined
The San Francisco International Airport?s US$250 million hotel is pending approval by the Board of Supervisors, but who manages the hotel remains subject to dispute, according to a
The company that owns the five-star Merchant Hotel in Belfast made a loss of more than ?3 million in 2014 due to a fall in the value of the
