Hotel
Shanghai CRED Buys Peppers Carrington Resort in New Zealand
Shanghai CRED Real Estate has purchased Peppers Carrington Resort in New Zealand and plans to invest millions of dollars over the next few years to help the resort reach its full potential.
PhoenixMart Global Commerce Center Breaks Ground in Arizona
Construction has begun on PhoenixMart, a $150 million, 1.7 million-square-foot global commerce center in Casa Grande, Ariz., expected to bring more than 9,000 jobs to the region.
Chatham Lodging Acquires Residence Inn in Suburban Seattle for $72M
Chatham Lodging Trust has acquired the 231-room Residence Inn by Marriott Seattle Bellevue/Downtown for a net cash price of $72 million, plus customary, pro-rated amounts and closing costs.
Carey Watermark Buys Hawks Cay Resort in Florida Keys for $149M
Carey Watermark Investors has added the Hawks Cay Resort on the isle of Duck Key in the Florida Keys to its portfolio in a transaction valued at $149 million.
Manhattan’s South Street Seaport Redev Breaks Ground
Redevelopment of Pier 17 at Manhattan’s South Street Seaport into an upscale retail, entertainment and dining venue topped by a one and a half-acre rooftop offering city and harbor views began Thursday with a groundbreaking ceremony.
EPR Buys Camelback Mountain Resort in Poconos for $70M
EPR Properties has closed on a transaction to acquire the Camelback Mountain Resort in Tannersville, Pa., for approximately $70 million.
Wyndham Introduces Hawthorn Suites Brand in Dubai
Hawthorn Suites by Wyndham Dubai is now the first hotel to fly the banner of the company’s extended stay brand in the area.
Waldorf Astoria Naples Trades for $200M
The Waldorf Astoria Naples has come under new ownership in a transaction valued at approximately $200 million. An affiliate of Blackstone sold the 474-room luxury resort hotel and the 18-hole Naples Grande Golf Course to an affiliate of Northwood Investors.
Starwood Opens St. Regis Abu Dhabi, Features World’s Highest Hotel Suite
Abu Dhabi has welcomed its second St. Regis-branded hotel, courtesy of Starwood Hotels & Resorts, and the luxury hospitality project comes with a small perk–it features the world’s highest suspended hotel suite at 650 feet.
DAMAC Launches $367M Luxury Hotel Living Project in Downtown Dubai
DAMAC Properties is developing a new $367-million luxury hotel living project in the Burj Area of Dubai.