Pebblebrook to acquire rival hotel REIT company LaSalle for $5.2bn

(adsbygoogle = window.adsbygoogle || []).push({}); Pebblebrook acquisition of LaSalle : Pebblebrook Hotel Trust has agreed to acquire 100% of rival Maryland-based hotel real estate investment trust (REIT) company LaSalle Hotel Properties in a deal worth $5.2 billion. Pebblebrook acquisition of LaSalle will create an enlarged hotel REIT that More...

by businessnewstoday | Published 1 month ago
By businessnewstoday On Sunday, July 1st, 2018
0 Comments

AccorHotels to acquire 50% stake in US lifestyle hospitality company sbe

Hotel industry news : AccorHotels, a French multinational hospitality company has proposed to acquire a stake of 50% in US lifestyle hospitality company sbe Entertainment Group for $125 million from Cain International, More...

By businessnewstoday On Monday, June 25th, 2018
0 Comments

Hotel Okura to invest $1bn to renovate Hotel Okura Tokyo as The Okura Tokyo

Japanese hotel chain Hotel Okura said that it Hotel Okura Tokyo, a luxury grand hotel in downtown Tokyo will be renovated with an investment of ¥110 billion ($1.0 billion) into a 508-room The Okura Tokyo by September More...

By businessnewstoday On Sunday, April 22nd, 2018
0 Comments

Hyatt Hotels opens Grand Hyatt hotel in Xi’an in China

US hospitality company Hyatt Hotels has opened a new Grand Hyatt hotel in Xi’an in the Chinese province of Shaanxi to continue its brand expansion in Northwest part of the country. The new Grand Hyatt hotel in More...

By businessnewstoday On Wednesday, March 14th, 2018
0 Comments

DoveHill, Wurzak Hotel Group purchase Sheraton Reston Hotel in Reston, VA

Hotel industry news : DoveHill Capital Management, a real estate investment company and Wurzak Hotel Group have acquired the Sheraton Reston Hotel in Reston, Virginia for an undisclosed price. The acquisition done More...

By businessnewstoday On Sunday, November 26th, 2017
0 Comments

Starwood Capital to acquire Sofitel Budapest Chain Bridge Hotel from Orbis

Hotel acquisition news : US-based global private investment company Starwood Capital Group has agreed to acquire Sofitel Budapest Chain Bridge Hotel, a luxury hotel in Budapest, Hungary from hotel operator Orbis More...

By businessnewstoday On Saturday, November 11th, 2017
0 Comments

Midtown Athletic Clubs opens new boutique hotel in Chicago, The Hotel at Midtown

Hotel industry news : Midtown Athletic Clubs has announced the opening of a new 55-room boutique hotel in Chicago named as The Hotel at Midtown, marking its foray into the hospitality sector. The new Chicago hotel More...