Hotel
Carey Watermark Investors Buys Florida Resort & Spa
Carey Watermark Investors has acquired the Sawgrass Marriott Golf Resort & Spa, a 511-unit resort in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management.
Anbang Acquires Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Wyndham to Open First Upscale Hotel in Kenya
New Jersey-based Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide recently signed a management agreement for its first upscale hospitality property in Africa
Brookfield Places Winning Bid for Atlantic City’s Bankrupt Revel
It looks like Atlantic City is back to having nine casinos. Brookfield Asset Management came out on top of Tuesday’s auction of the long-troubled hotel and casino Revel Atlantic City.
Improving Fundamentals Support Stable Outlook for Lodging REITs
By Griselda Bisono, Assistant Vice President & Analyst, Commercial Real Estate Finance, Moody’s Investors Service: The U.S. lodging industry remains healthy, as its fundamentals continue on a positive trajectory.
The October digital issue of CPE is now available!
From the Editor: Building Confidence News Analysis: The DLA Piper Real Estate Summit and Market Survey Much of the discussion at DLA Piper’s real estate summit in Chicago centered on the rapidly growing economy and its effects on commercial real estate. TrendTalk The real estate market for legalized marijuana, George Ratiu on consumers and jobs, and Bryan Hancock on vetting crowdfunding deals. Cover Story: Pioneer Spirit Arturo Sneider’s Primestor Development has forged new territory with its shopping centers, introducing retailers to underserved urban communities. Special Report: Sea Change As the Panama Canal expansion progresses, the industrial real estate sector is…
International: Marriott, Hotecapsa to Develop Guayaquil Hotel in 2016
Ecuador ‘s largest and most populous city is set to get a brand new Marriott-operated hotel in two years, according to the hotel chain.
INTERNATIONAL: AMP, Billbergia Sell Landmark Site in Brisbane
AMP Capital Select Property Portfolio No.3 (SPP3) and Billbergia have agreed to sell part of the former Vision tower site in Brisbane’s CBD to the owner of Felicity Hotel Group, which plans to develop a five-star hotel on the property.
Simon, Noble Investment to Build 166-Room AC Hotels by Marriott in Atlanta
Buckhead’s Phipps Plaza will soon become home to one of the few U.S. properties under the rapidly expanding AC Hotels by Marriott brand.
InterContinental to Occupy Korean Air’s $1.1B Wilshire Grand Skyscraper in LA
The 73-story, 1,100-foot-high Wilshire Grand hotel will be the tallest building in the Western U.S.
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