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- Avana provides $60m for Marriott Courtyard and TownePlace Suites in US
- Maven to work on Hampton by Hilton hotel project in Manchester
- Interstate to buy management agreements of 83 properties from White Lodging
- Dubai Holding enters Bahraini hospitality market
- HVMG completes conversion of former Hilton Phoenix Suites in Arizona
Cycas to manage Hyatt’s first dual-branded hotel in France
UK-based extended-stay hotel operator Cycas Hospitality (Cycas) has expanded its footprint in the French market by signing its first lease agreement with Hyatt to manage its dual-branded hotel in Europe.
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.
Belmond acquires Castello di Casole resort in Italy
US-based hotel and leisure company Belmond has acquired Castello di Casole, a luxury resort and estate in Tuscany, Italy.
Apple Hospitality REIT acquires two US hotels for $63m
Apple Hospitality REIT has purchased 119-room Hampton Inn & Suites by Hilton Atlanta-Downtown and 144-room Hampton Inn & Suites by Hilton Memphis-Beale Street for a total amount of $63m.
Hyatt Hotels’ affiliate signs deal for Grand Hyatt Grand Cayman Hotel & Residences
Hyatt Hotels' affiliate has signed a franchise and related agreements with Pageant Beach Hotel for 351-room Grand Hyatt Grand Cayman Hotel & Residences.
Interstate acquires 83 hotel properties in US
US-based hotel management company Interstate Hotels & Resorts (Interstate) has completed the acquisition of the management agreements of 82 premium-branded, select- and full-service hotels, in addition to one restaurant, from Indiana-based White Lodging.
Avana provides $60m for Marriott Courtyard and TownePlace Suites in US
US-based real estate debt fund Avana Capital (Avana) has provided a $60m construction loan to Mogul Capital for the construction of a dual-branded Marriott Courtyard and TownePlace Suites hotel in downtown Hawthorne, California.
UK hospitality trade associations merge to create new body
UK’s two trading bodies Association of Licensed Multiple Retailers (ALMR) and the British Hospitality Association (BHA) have revealed plans to merge, as part of efforts to support the hospitality sector to deliver its full growth potential.
Maven to work on Hampton by Hilton hotel project in Manchester
Maven Capital Partners has been selected as the asset manager for the first Hampton by Hilton hotel project in central Manchester.
Interstate to buy management agreements of 83 properties from White Lodging
Interstate Hotels & Resorts has entered into an agreement to acquire the management agreements of 82 premium-branded, select- and full-service hotels, plus one restaurant, from hotel management company White Lodging.