Posts by Dev Anand
Peppers Kings Square in Perth Acquired by Singapore-Based High Street Holdings for AUD $26m
Main Photo: The Peppers Kings Square hotel in Perth, Western Australia Date: August 2022 Name: Peppers Kings Square…to become Rydges Kings Square Location: Wellington Stree/Shafto Lane, Perth, WA, Australia Number of Keys: 120 Seller: A partnership between Mode Development and Hickory Building Systems, managed by Mantra Group (Accor). The hotel opened in 2016, at a…
Read MoreProdea and Invel to Reposition Hotel Bellevue Cortina d’Ampezzo, After €49m Acquisition
Main Photo: The hotel Bellevue with a grand history Date: July 2022 Name: Hotel Bellevue Suites & Spa Cortina d’Amprezzo Location: The Dolomites, Cortina d’Amprezzo, 160 km north of Venice, Italy Number of Keys: 66, including 46 suite apartments – one to three bedrooms Seller: The hotel was acquired by Donatello Fund, Subfund Michelangelo Due,…
Read MoreMandarin Oriental Sell Washington DC Hotel To Henderson Park For $139m
Main Photo: The Mandarin Oriental Washington DC with it’s fabulous view over the Southwest Waterfront Date: August 2022 Name: Mandarin Oriental Washington DC Location: Maryland Avenue SW, Washington DC, USA Number of Keys: 373 Seller: Mandarin Oriental, who opened the hotel in 2004 Buyer: London-based Henderson Park Mandarin Oriental is selling it’s Washington DC hotel…
Read MoreHampton by Hilton Dublin Opens It’s Doors
Main Photo: The newly opened Hampton By Hilton in Dublin Date: July 2022 Name: Hampton by Hilton Dublin City Location: Opposite the Four Courts and Law Library in Smithfield, Dublin, Ireland Number of Keys: 249 Seller: The site was the long-derelict River House office block that once housed the city’s motor tax office Buyer: JMK…
Read MoreAsset Manager Hova Hospitality Acquires the Club Med Gregolimano in Edipsos, Greece
Main Photo: The Club Med Gregolimano Date: July 2022 Name: Club Med Gregolimano Location: Edipos, Greece Number of Keys: 460 Seller: China-based Fosun Group, who also own the Club Med brand Buyer: Paris-based asset manager Hova Hospitality, on behalf of Primonial REIM…Hova was launched by Dominique Ozanne and Gael Le Lay in 2021 with key backing…
Read MoreWells Fargo Bank Takes Control of JW Marriott Chicago With US$251 Million Bid
Main Photo: The JW Marriott Chicago Date: July 2022 Name: JW Marriott Chicago Location: West Adams Street, Chicago, Illinois, USA Number of Keys: 610 Seller: The hotel was owned by Orlando-based Estein USA, but was in default of $203m loan, which grew to $243m…the hotel was sold at auction in June 2022 Buyer: Wells Fargo…
Read MoreRoom Mate Hotels Close to Sale To Angelo Gordon Westmont JV
Main Photo: The bedroom at Room Mate Macarena – Gran Via, Madrid Date: July 2022 Name: Room Mate Hotels and Be Mate serviced apartments Location: Across Europe: Spain, France, Netherlands, Italy and Miami & New York, Istanbul and Mexico City Number of Keys: 2,000 across 28 properties Seller: Room Mate, started by Olympic equestrian Kike…
Read MoreFattal Acquires Six Four-Star Hotel Portfolio In Spain From KKR and Dunas JV, For €165m
Main Photo: The Alus Hawaii Ibiza, one of the six hotels sold Date: July 2022 Names: Part of the Alua Hotels Chain – Alua Hawaii Ibiza (209 rooms), Alua Miami Ibiza (360 rooms), Aluasun Miami Ibiza apartment hotel (82 Apartments), Alua Hawaii Mallorca & Suites (230 rooms and 68 Hawaii Mallorca Suites), and Alua Palmanova…
Read MoreSplendid Hospitality Acquire Holiday Inn London Brentford Lock
Main Photo: The Holiday Inn at Brentford Lock Date: July 2022 Name: Holiday Inn London Brentford Lock Location: Overlooking the water at Brentford, Middlesex, England, UK Number of Keys: 134 Seller: Brightbay Real Estate Partners Buyer: Splendid Hospitality Splendid Hospitality Group has announced the acquisition of Holiday Inn London Brentford Lock from Brightbay Real Estate…
Read More81-Key Mere Knutsford Sold to UAE-Based Select Group
Main Photo: The Mere Hotel, renowned in the Cheshire area Date: July 2022 Name: The Mere Golf Resort & Spa Location: Knutsford, Cheshire, England, UK Number of Keys: 81 Seller: The Boler family, acquired the hotel by father Stephen in 1984, and had been run by son Mark since 1997. They sold the hotel in…
Read MoreKnight Frank Says: UK Serviced Apartment Sector Shows Resilience – With YTD Profitability 20% Ahead of the Regional UK Hotel Market
Main Photo: The Other House, one of 2022’s opening in London’s South Kensington; Photo Credit: Jack Hardy Date: July 2022 Name: Serviced Apartments/Aparhotels Location: UK (and probably the same in Europe) Number of Keys: 27,000 + in the UK Who Said: Knight Frank LLP Throughout the extended lockdowns and periods of recovery which followed, the…
Read MoreAnnie Cannon-Brookes Buys Dunk Island for AUD$25m
Main Photo: Dunk Island Date: July 2022 Name: Dunk Island Location: Great Barrier Reef, Australia Number of Keys: Before Cyclone Yasi ravaged the island, there was 160 room resort hotel on the island Seller: In July 2021 Mark Spillane tried to acquire the island through his company Upsense Media Capital, but he failed….so the current…
Read MoreBulgari Signs It’s 13th Property, In The Maldives, To Open 2025
Main Photo: The new hotel envisaged Date: July 2022 Name: Bulgari Resort Ranfushi Location: Raa Atoll, Maldives Number of Keys: 54 keys including a Bulgari Villa on a separate exclusive island comprising 33 Beach Villas each with individual swimming pool and 20 Overwater Villas Seller: The site was previously a virgin island Buyer: Bulgari Hotels…
Read MoreARA H-Trust To Divest 4 Hyatt Place Hotels for US$32.5m
Main Photo: The Hyatt Place Pittsburgh Cranberry, Pennsylvania, one of the four hotels to be sold in the deal Date: July 2022 Names: Hyatt Place Pittsburgh Cranberry, Hyatt Place Birmingham Inverness, Hyatt Place Cincinnati Northeast and Hyatt Place Cleveland Independence Locations: Pennsylvania, Alabama and two in Ohio Number of Keys: TBA Seller: Singapore listed ARA…
Read More251-Key Five-Star Sofitel For Sale, Adelaide, Australia
Location: Currie Street, an island site in Adelaide’s CBD, within close proximity to the city’s premium commercial office buildings and leisure demand drivers Name: Sofitel Adelaide Guide Price: AUD$180m plus Guide Price per Key: AUD$720k+ No. of Keys: 251 rooms and suites (25)…32-storey building, of which the hotel occupies the first 24 floors, with 69…
Read MorePebblebrook Hotel Trust Completes Sale of The Marker San Francisco For $77m to Stockdale Capital Partners
Main Photo: The Marker Hotel, San Francisco Date: July 2022 Name: The Marker, originally built in 1910 as the Bellevue Hotel Location: Geary Street, San Francisco, California, USA Number of Keys: 208, including 42 suites Seller: Pebblebrook Hotel Trust Buyer: Stockdale Capital Partners, headed up by Steven and Shawn Yari Pebblebrook Hotel Trust announced that…
Read MoreWatermark Capital Sells Holiday Inn in Chelsea, NYC for $80 million To Two Kings Real Estate
Main Photo: The Holiday Manhattan 6th Ave – Chelsea Date: July 2022 Name: The Holiday Manhattan 6th Ave – Chelsea Location: 125 West 26th, Chelsea, New York City, NY, USA Number of Keys: 226 Seller: Watermark Capital Buyer: Two Kings Real Estate Watermark Capital has found a taker for the struggling Holiday Inn in Chelsea.…
Read MoreAirfares and Hotel Tariffs Skyrocket for Qatar World Cup Period
Date: July 2022 Location: Qatar What Did They Say: Fans from around the world panic as airfares, hotel tariffs skyrocket for Qatar World Cup season Who They: Arabian Business magazine Main photo: Admares thought they had it cracked with bringing in 16 floating hotels Football fans from around the world, including from the Indian sub-continent –…
Read MoreChoice Hotels Grants Indian Suba Group Of Hotels a 15-Year Master Franchise
Main Photo: The Choice Hotels offices in India Date: July 2022 Name: Choice Hotels and Suba Group of Hotels…Exclusive rights for hotels under the Clarion, Quality and Comfort brands Location: India Number of Keys: Suba will take on the 58 Choice Hotels open and under development in India. No of Keys: 2,200 Master Franchise Owner:…
Read More46 Hectares Land, With Planning Permission For Two Hotel Sites, to Yield 180 Two-Bed Villas and 20 Hotel Bedooms in Total, Melides-Comporta, 135 KM South of Lisbon, Portugal
Location: Aberta Nova Beach, 34km South of Comporta, 194 km North of Faro Airport Name: Open to new owner Guide Price: €10m for land; €5m infrastructure cost; €10m plus construction costs for the two hotels…all-in around €36m Guide Price per Room: €90k plus per bedroom No. of Keys: 80 two-bed Villas plus 10 hotel rooms…
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