Deal News

Whitbread acquires site to build hotel in Manchester, UK

UK-based hospitality company Whitbread has acquired a new development site on Rochdale Road in Manchester in the UK, as part…

Ashford Trust to sell Residence Inn Salt Lake City, Utah

Ashford Hospitality Trust (Ashford Trust) has sealed a $19.2m definitive deal to sell the 144-room Residence Inn in Salt Lake…

Deka Immobilien acquires Ruby Zoe hotel in London for $67m 

Deka Immobilien has completed the acquisition of the Ruby Zoe hotel in London's Notting Hill for approximately €62m ($66.77m).   The…

YTL Hospitality REIT to acquire Syuen Hotel in Malaysia 

YTL Hospitality Real Estate Investment Trust (REIT) has announced the acquisition of Syuen Hotel in Ipoh, Perak, Malaysia.   The RM55m purchase…

MCR sells Residence Inn by Marriott Philadelphia Langhorne in US 

Hotel owner-operator MCR has concluded the sale of Residence Inn by Marriott Philadelphia Langhorne in the US for $22.1m.   …

Partners Capital acquires Hilton Garden Inn property in Texas

Partners Capital, the investment arm of Partners Real Estate, has acquired Hilton Garden Inn San Marcos in Texas, US, for…

Fosun looking to divest nearly 30% stake in luxury resort chain Club Med

Chinese conglomerate Fosun International is exploring the sale of a minority stake in its luxury resort chain Club Med, aiming…

MA Financial acquires Melbourne hotel for $62m

MA Financial has agreed to acquire the Vibe Docklands hotel in Melbourne, Australia, from Singaporean real estate group Hiap Hoe…

CLAS divests Citadines Mount Sophia Singapore  

CapitaLand Ascott Trust (CLAS) has announced the divestment of Citadines Mount Sophia Singapore to an unrelated third party for S$148m ($110.10m).  …

Saltwater Holdings acquires boutique hotel in North Carolina, US 

US-based real estate holding company Saltwater Holdings has acquired The Hive, a boutique hotel in North Carolina.  The hotel was…

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