Lowe JV buys three hotels in The Woodlands for $252m
Lowe will soon launch a $25m investment programme at the three hotels.
IPO Industry
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Hyatt agrees to buy Apple Leisure Group for $2.7bn in cash
ALG’s portfolio now has around 100 properties, up from nine resorts in 2007.
Flynn Properties expands select service hotel portfolio with new additions
The acquisition includes 11 Marriott and nine Hilton-branded locations around the US.
MCR acquires 725-room Lexington Hotel in New York, US
The acquisition was carried out in a joint venture transaction with Island Capital Group and Three Wall Capital.
OYO raises TLB funding of $660m from global institutional investors
The maiden TLB capital raise was oversubscribed by almost 1.7 times.
Treebo Hotels raises $16m in funding round led by Accor
The Hotel Superhero software was relaunched by Treebo last year and is an integrated HMS for hospitality chains.
Paradigm Hotels signs agreement to buy Miami-based At Mine Hospitality
Paradigm intends to inject capital to expand the pipeline of properties over the next year.
Aimbridge Hospitality takes charge of Grupo Hotelero Prisma
Grupo Hotelero Prisma’s portfolio includes 42 properties with more than 7,500 rooms in Mexico.