Hotel
INTERNATIONAL: Hyatt Sells Hotel in Vancouver, Builds New Lodging in Naha
Hyatt Hotels Corp. is selling the 644-key Hyatt Regency Vancouver and plans to develop a new Regency branded hotel in Naha, Japan.
MetLife Acquires Fairmont Hotel in DC
The 415-room Fairmont Hotel in Washington, D.C., has changed hands, with MetLife, Inc. buying the luxury property from Ivanhoe Cambridge for $180 million.
INTERNATIONAL: Brookfield Multiplex to Redevelop Australia’s Largest Hotel
M&L Hospitality tapped Brookfield Multiplex to expand and renovate the Four Points by Sheraton Sydney, Australia’s largest lodging facility.
Executive Insight: Brent Horak, BDO USA
Brent Horak, assurance partner in the Real Estate practice at BDO USA offers insight into today’s timeshare industry.
INTERNATIONAL: New Zealand’s First DoubleTree by Hilton Opens in Queenstown
Hilton Worldwide’s 98-guestroom DoubleTree by Hilton brand has opened its first property in New Zealand.
TRT, JMI Get $140M in Financing for Omni San Diego Hotel
TRT Holdings and JMI Realty, owners of the luxury Omni San Diego in the city’s downtown Ballpark District, have refinanced the existing debt on the hotel with a $140 million loan secured through HFF.
Carey Watermark Buys 295-Key Kansas City Marriott Country Club Plaza
Carey Watermark Investors has been on quite the buying binge this year, and the REIT’s recent acquisition of the Kansas City Marriott Country Club Plaza has kept the trend alive.
DiamondRock Buys Westin Florida Property for $149M
DiamondRock Hospitality has acquired the fee simple interest in The Westin Beach Resort & Spa, Fort Lauderdale, for $149 million.
INTERNATIONAL: JW Marriott Launches 115-Key Luxury Resort in India
JW Marriott Hotels & Resorts has opened JW Marriott Mussoorie Walnut Grove Resort & Spa, the hotel giant’s sole resort in the country.
INTERNATIONAL: Hard Rock Hotel Dubai Marina to Open in 2015
Hard Rock International, Abu Dhabi Financial Group and Sheffield are building a Hard Rock Hotel on the first 33 floors of Dubai’s Marina 101 tower.