Hotel
Miami Gets First LEED-Certified Hotel with 221-Room Hampton Inn & Suites
The Hampton Inn & Suites Miami just got the U.S. Green Building Council’s Leadership in Energy and Environmental Design certification, making it Miami’s first LEED-certified hotel.
Blackstone Real Estate Fund Raises $13B
The Blackstone Real Estate Partners VII fund has closed after raising $13 billion in 13 months from more than 250 global investors.
Avison Young Acquires New Jersey-Based Walsh Co.
Canada’s largest independently owned commercial real estate services company has bought New Jersey-based project management service firm, The Walsh Co. led by two brothers.
DAMAC Completes Abu Dhabi Mixed-Use Development
A leading Middle Eastern developer has completed its very first Abu Dhabi development, a mixed-use property called Marina Bay.
Summit to Purchase 8-Hotel Hyatt Portfolio for $87M
Summit Hotel Properties REIT signed a deal with affiliates of Hyatt Hotels Corp. to buy a group of eight Hyatt lodging destinations for $87 million.
Rezidor Appoints Neumann as President & CEO to Succeed Ritter
The Rezidor Hotel Group tapped Wolfgang Neumann as the next president & CEO, following the retirement of Kurt Ritter, the longest serving CEO in the hospitality industry.
Eagle Hospitality Looks to Sell Hotel Portfolio, Including 3 in Cincinnati
By Adrian Maties, Associate Editor Eagle Hospitality Properties Trust is putting three Greater Cincinnati hotels up for sale. The hotels are part of a larger portfolio of 13 properties for which the company recently reached an agreement with its secured lender, the Blackstone Group, allowing it to sell them off and repay its debt at […]
Plans Move Forward for DeBartolo Development’s $350M West Oahu Shopping Center
By Adriana Pop, Associate Editor The Hawaii Land Use Commission has approved a use change for a proposed 1.4 million-square-foot regional shopping mall in East Kapolei. The Pacific Business News reports that under a previous state plan the site had been slated for the development of a regional sports complex. Florida-based DeBartolo Development L.L.C. plans […]
Starwood Opens its Largest Hotel Worldwide: 4K-Room Sheraton Macao
Starwood Hotels & Resorts Worldwide started the first phase of building the largest hotel it owns, in Macau, the sole place in China where gambling is legal.
Wheelock Street Capital Buys 15 Hotels for $221M
Wheelock Street Capital purchased 15 hotels in nine states in two separate transactions for $221 million.