Hotel
Pebblebrook Grabs The Nines Hotel in Portland, Ore.
In order to further expand its presence in downtown Portland, Ore., Pebblebrook Hotel Trust has acquired The Nines Hotel for $127 million.
INTERNATIONAL: Dubai Holding, Local Authorities Unveil Plans for New City, World’s Largest Indoor Mall
Developer Dubai Holding and local authorities have unveiled plans to build an entertainment district along with an 8 million-square-foot mall in the largest city of the United Arab Emirates.
INTERNATIONAL: IHG, Hilton Worldwide Expand Operations in UAE
InterContinental Hotels Group and Hilton Worldwide will both be expanding their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton has officially opened a new Dubai hotel.
Loews Hotels & Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis
Loews Hotels & Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.
Loews Hotels & Resorts Buys Intercontinental Chicago O’Hare Hotel
Making another move in the Midwest, Loews Hotels & Resorts signed a deal to acquire the InterContinental Chicago O’Hare Hotel, a 556-room hotel in Rosemont, Ill., just outside of Chicago.
INTERNATIONAL: Hilton Worldwide to Open Middle East’s Largest Beach Resort in Qatar
Hilton Worldwide has partnered with Al-Rayyan Hospitality for the development of a 362-key resort at Salwa Beach in southwest Qatar.
Carey Watermark Grabs 302-Key Hotel in Denver’s CBD for $82M
Carey Watermark Investors has made its entrance into Denver’s sizzling hotel market by snapping up the Hampton Inn & Suites-Homewood Suites by Hilton Denver Downtown/Convention Center for $82 million.
Provenance Hotels, Thayer Lodging JV to Buy Hotel 1000 in Seattle
Provenance Hotels has entered a joint venture with Thayer Lodging Group to acquire the 120-key Hotel 1000 in downtown Seattle for what the Wall Street Journal reports to be $63 million.
NJ’s Revel Casino Files for Second Bankruptcy
The long-troubled Revel Casino Hotel in Atlantic City, N.J., will evidently be sold, now that its owner, Revel AC Inc., the parent company of Revel Entertainment Group, and certain of the former’s subsidiaries have filed for Chapter 11.
Hard Rock Partners with NYS Funding on Casino Plan in Rensselaer, N.Y.
Hard Rock International has joined NYS Funding L.L.C. in the bid to build a casino, the Hard Rock Hotel & Casino, along the Hudson River, in Rensselaer, N.Y.