Hotel
DeBartolo Grabs 132-Room Aqua Waikiki Pearl Hotel in Hawaii
DeBartolo Development just made its first tangible foray into the Hawaii hotel market with the acquisition of Aqua Waikiki Pearl, a 132-room hotel in the heart of Oahu, in Honolulu.
Forest City Makes $214M in Dispositions
As part of its ongoing effort to focus on core properties in central markets, Forest City Enterprises has completed the sale of two properties for $214 million.
Hyatt to Partner with Playa Hotels & Resorts, Add All-Inclusive Resorts to Portfolio
A wholly owned Hyatt subsidiary intends to form a partnership agreement with Playa Hotels & Resorts B.V. and enter the all-inclusive resort segment.
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.
TUI in Next Phase to Build Resort in Tuscan Village
TUI is moving ahead in its plans to revitalize Castelfafli, a sizable 800-year-old village in the heart of Tuscany, lying between Florence, Pisa and Siena, and the largest project of its kind currently being built in Europe.
OMA NY Wins Major Design Competitions in Miami Beach, Santa Monica
The city of Miami Beach has awarded its $1 billion redevelopment of the Miami Beach Convention Center to South Beach ACE, a team including OMA, Tishman Realty and UIA Management.
Tilal to Expand Muscat Grand Mall in Oman for $130M
Tilal Development Co., the Sultanate’s leading real estate company, recently announced plans for a massive expansion of Muscat Grand Mall.
Meridian Arranges $230M Loan for JDS’s Purchase of NYC’s Steinway Hall
Plans for a hotel and luxury condo project on West 57th Street in Manhattan are moving forward now that a joint venture led by JDS Development Group and Property Markets Group has acquired Steinway Hall at 109-113 West 57th St.
Starwood Expands Turkish Portfolio with Addition of 2 New Properties in Bursa
Starwood Hotels & Resorts Worldwide plans to expand its presence in Turkey with the opening of two new properties: the Sheraton Bursa and the Aloft Bursa hotels.
CWI Buys JV Stake in Fairmont Sonoma Mission Inn in $97M Deal
Carey Watermark Investors has purchased a 75 percent joint venture interest in the 226-room luxury resort from Fairmont Hotels & Resorts in a transaction valued at an aggregate $97 million.