Hotels, Motels & Cruise Lines

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Pebblebrook Hotel Trust acquires the Nines Hotel in Portland, Oregon

Thursday, 17 Jul 2014 04:26pm EDT

Pebblebrook Hotel Trust:Acquires The Nines Hotel for $127.0 mln.The 331-room luxury hotel is located across from Pioneer Square, in the heart of downtown Portland, Oregon.Property will maintain its association with Starwood's Luxury Collection brand and will continue to be operated by Sage Hospitality and Sage Restaurant Group.

Empiric Student to acquires 106 bed student accommodation property in Birmingham

Thursday, 17 Jul 2014 02:00am EDT

Empiric Student property PLC:To acquire the freehold of a direct-let, premium student accommodation property in Selly Oak, Birmingham, for consideration of 12 mln pounds.Acquisition is due to complete on July 23.

Mahindra Holidays and Resorts India Ltd updates on wholly owned subsidiary

Wednesday, 16 Jul 2014 07:22am EDT

Mahindra Holidays and Resorts India Ltd:Says MHR Holding (Mauritius) Ltd, has become wholly owned subsidiary with effect from July 11.

RLJ Lodging Trust acquires the Hyatt Atlanta Midtown for $49.5 mln

Tuesday, 15 Jul 2014 09:15am EDT

RLJ Lodging Trust:Announces that it has acquired the 194-room Hyatt Atlanta Midtown (the Hotel) located in Atlanta, GA for a purchase price of $49.5 million, or about $255,000 per key.Purchase price represents a forward capitalization rate of about 8.0 pct on the Hotel's projected 2015 net operating income.

Ashford Hospitality Trust Inc announces acquisition of Fremont Marriott

Tuesday, 15 Jul 2014 08:00am EDT

Ashford Hospitality Trust Inc:Signed a definitive agreement to acquire the 357-room Fremont Marriott Silicon Valley hotel.The acquisition is expected to close within the next 30 days.Upon closing, the property will be managed by Remington Lodging.The company intends to finance the property with about $37.5 million of non-recourse mortgage debt.

American Hotel Income Properties REIT LP completes acquisition of Springhill Suites Pinehurst, North Carolina and Conclusion of $30.5 mln hotel portfolio acquisition

Friday, 11 Jul 2014 05:24pm EDT

American Hotel Income Properties REIT LP:Announced the completion of the acquisition of a 107-room Springhill Suites hotel located in Pinehurst, North Carolina.Acquisition Properties represent a total of 387 guest rooms located near transportation hubs and other major demand generators such as military bases, manufacturing facilities, medical centers, and golf and leisure attractions.

Millennium & Copthorne Hotels New Zealand Ltd announces acquisition of remaining shares in Quantum Ltd

Wednesday, 9 Jul 2014 08:00pm EDT

Millennium & Copthorne Hotels New Zealand Ltd:Enters into conditional agreement with Te Maori Lodges Ltd (TML), subsidiary of Maori Trustee, for acquisition of 30 pct. interest in Quantum Ltd (Quantum) which Millennium & Copthorne Hotels New Zealand does not already own.Quantum is principal operating subsidiary of Millennium & Copthorne Hotels New Zealand and owns or leases seven hotels including Millennium Hotel Queenstown, Copthorne Hotel Rotorua and Kingsgate Hotel Dunedin.Price agreed for acquisition of shares is NZ$14.25 mln in cash.

Japan Hotel REIT Investment Corp completes acquisition of property

Wednesday, 9 Jul 2014 02:00am EDT

Japan Hotel REIT Investment Corp:Completed acquisition of a property for 6,797 million yen on July 9 from a Japan-based company.Acquisition plan disclosed on June 25.


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