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GVK in talks to sell around 50% stake in TAJGVK Hotels and Resorts
GVK Group is in talks with Fairfax Holdings to sell its around 50% stake in TAJGVK Hotels and Resorts, a luxury hotel chain business.
Katara Holding acquires New York’s landmark Plaza Hotel for $600m
Qatar government-owned fund Katara Holding has acquired 100% of Plaza Hotel, a New York hotel in which Sahara India owned majority stake, for about $600m.
Host Hotels & Resorts explores divestment of non-core hotels
Host Hotels & Resorts, a Bethesda, Maryland-based real estate investment trust, is exploring divestment of a large portfolio of non-core hotels.
HVMG to manage Sheraton Suites Plantation hotel in Florida
Hospitality Ventures Management Group (HVMG), a US-based, private hotel investment, ownership and management firm, has assumed the complete management of the 263-suite Sheraton Suites Plantation hotel in Fort Lauderdale, Florida.
Ashford Hospitality Prime to buy Ritz-Carlton Sarasota in Florida
Ashford Hospitality Prime has signed a definitive agreement to buy Ritz-Carlton Sarasota in Sarasota, Florida for $171m.