Last Update: April 3, 2022
Mani Brothers RE Group buys 72-acre Hawaii resort …
Mani Brothers Real Estate Group acquired the 72-acre Travaasa Hāna resort in Hana, Hawaii, from real estate investment firm Amstar Group for an undisclosed amount. The oceanfront property is situated on Maui’s east coast and includes 75 private, standalone bungalows. “Remaining a vital part of the Hāna community is of the utmost
Actived: 3 days ago
10 issues impacting real estate and what it means for
(6 days ago) Each year, The Counselors of Real Estate, a real estate professionals organization established in 1953, unveils its top 10 issues affecting real estate. Members c | The Counselors of Real Estate unveiled its 2017-18 top 10 issues affecting real estate. Here's how it looks and what it means.
BentallGreenOak to acquire Metropolitan Real Estate …
(4 days ago) Real estate investment company BentallGreenOak has signed an agreement to acquire Metropolitan Real Estate Equity from global investment firm The Carlyle Group. The deal adds Metropolitan’s integrated primary, secondary and co-investment real estate platform—with more than $2.4 billion (as of Dec. 31, 2020) in assets under management—to
Hotel Management Homepage Hotel Management
(2 days ago) Hotel Management is the premier source of information about the hotel industry, offering news, features, expert insights and industry trends for more than 145 years. Through our extensive offerings of print, online and in-person content, we reach senior figures in all areas of the hospitality industry, from development and investment to technology to design and …
Why demand for Greek hotels is set to rise Hotel …
(5 days ago) Why demand for Greek hotels is set to rise. At the upcoming Mediterranean Resort & Hotel Real Estate Forum, Oct. 17-19 in Athens, Ioannis Orfanos, a partner at Arbitrage Real Estate who heads the company's asset-management practice, will discuss the hotel-investment market in Greece during the Forum's Lending Market panel.
Nikki Beach focusing on Med development
(6 days ago) Alexander Schneider, president at Nikki Beach Hotels and Resorts, will be participating in this week’s Mediterranean Resort & Hotel Real Estate Forum, pres | Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Alexander Schneider, president at Nikki Beach Hotels and Resorts, talks Med growth plans.
China's Shanghai United set to acquire
(7 days ago) Chinese private equity firm Shanghai United Real Estate Investment has announced plans to buy the 140-room InterContinental Sydney Double Bay for $104 million, as first reported by the Australian. The group will add the property to its list of now five Australian properties. Shanghai United also owns a South Korean resort.
JLL's Hotel Investment Outlook highlights trends, next
(5 days ago) JLL Hotels & Hospitality has released its " 2021 Hotel Investment Outlook ," covering the company’s overall global outlook on the industry and overarching trends. While “uncertainty and cautiousness” plagued hotel investor interest in 2020 due to the COVID-19 pandemic, the commercial real estate services company believes the global
India's Embassy Group buys stake in Mac Charles Hotels
(6 days ago) Indian real estate firm Embassy Group has acquired a 73.4-percent stake in Mac Charles Hotels, owner of Bengaluru’s Le Meridien hotel, for Rs 640 crore. The Group bought the stake on Friday from investor C.B. Pardhanani in a deal that values the firm at Rs 870 crore. The property developer is expected to make an open offer to investors this
Blackstone to buy REIT LaSalle after cycling out of Hilton
(8 days ago) Private equity wins the REIT. Blackstone has agreed to buy real estate investment trust LaSalle Hotel Properties in an all-cash deal valued at $4.8 billion, or $33.50 per share, a 5-percent premium on LaSalle's Friday closing price.
JLL: Why transparency matters in commercial real estate
(6 days ago) JLL: Why transparency matters in commercial real estate. JLL ’s ninth Global Real Estate Transparency Index has some intriguing insights on which countries provide the most favorable operating environments for investors, developers and corporate occupiers. Excerpts from the full report, which can be found in full here, follow.
Invesco Real Estate completes 13-hotel European portfolio
(7 days ago) Invesco Real Estate has finalized its acquisition of a 13-hotel pan-European portfolio worth €530 million. The portfolio of hotels across Germany and the Netherlands was purchased on behalf of the European Hotel Fund and two separate account mandates. One was a long-standing UK separate account mandate and the other was a new separate account
Castlerock Asset Management adds forecasting capabilities
(4 days ago) Castlerock Asset Management has adopted budgeting and performance forecasting technology from ProfitSword. Specializing in the development and management of distinctive properties, Castlerock | The hospitality real estate development and asset management company is taking advantage of its partnership with ProfitSword.
Hotel investment grows in Europe: CBRE
(9 days ago) The latest report from global real estate advisor CBRE suggests that despite the total commercial real estate investment in Europe declining 7.8 percent year over year in the 12 months to Q2 2019, hotel investment increased 5.3 percent over the …
Blackstone set to acquire Greek hotel portfolio Hotel
(7 days ago) Blackstone Real Estate Partners Europe has reached an agreement to acquire five Greek hotels from the Mediterranean company Louis Group at a total enterprise value of €178.6 million. | The Louis Group collection is tagged at a total enterprise value of €178.6 million.
SpringHill Suites/Element combo breaks
(2 days ago) Hotel Equities and an affiliate of Colorado Springs, Colo.-based Olive Real Estate Group began construction on a new dual-branded SpringHill Suites by Marriott and Element by Westin in downtown Col | Slated to open in 2021, the hotel will mark the first dual-branded SpringHill Suites by Marriott and Element by Westin.
Arbitrage RE's Ioannis Orfanos talks European investment
(9 days ago) Ioannis Orfanos, a partner at Arbitrage Real Estate who heads its asset-management practice, will be moderating the panel "Institutionalizing Your Asset" on October 30 during the Mediterranean Resort & Hotel Real Estate Forum, which is sponsored by Questex, parent company of Hotel Management magazine. Orfanos has more than 15 years' of
3 economic factors set to affect U.S. real estate this
(7 days ago) The United States saw jobs growth in the first month of the new year, adding 225,000 positions compared to the 176,000 that were created per month in 2019, according to a recent research brief from | From unemployment rates to wages to health epidemics, here are some things U.S. real estate investors should be watching in 2020.
CBRE: Major market growth to accelerate in 2022 Hotel
(Just Now) During 2020, hotels located in the nation’s major markets suffered more than those located in tertiary cities, rural locations or remote areas. | CBRE is forecasting a RevPAR increase of 34.3 percent for the 65 Horizons markets during the year.
John A. Hotel Management
(3 days ago) Mr. Montgomery has more than thirty years of hospitality industry experience, including 23 years of financial and operational consulting. Prior to Horwath HTL, he performed consulting work as a Senior Principal with an international consulting firm and most recently with Horwath HTL in variety of hospitality and real estate clients.
Mack Real Estate acquires 7 NYC hotels Hotel Management
(3 days ago) At auction, Manhattan-based Mack Real Estate has acquired a portfolio of seven hotels with 1,087 rooms in New York City. The properties are under the Holiday Inn, Hampton Inn and Candlewood Suites | The properties are under the Holiday Inn, Hampton Inn and Candlewood Suites brands, and went to auction after the former owners defaulted on a loan.
Arbireo Capital names Kubak to lead
(5 days ago) Arbireo Capital, an independent investment manager that focuses on European real estate, has appointed Theodor Kubak as managing director for its new Arbireo Hospitality platform. He is responsible | As managing director for the company's new Arbireo Hospitality platform, Theodor Kubak is responsible for all hotel investments, with an initial focus on …
UK hotels face real estate tax pain Hotel Management
(1 days ago) The drop in profit at hotels in the UK was led by a 1.4 percent decrease in TrevPAR, to £129.69, as declines were recorded across all revenue departments, including Rooms (-1.2 percent), Food and Beverage (-2.4 percent) and Conference and Banqueting (-5.5 percent) on a per available room basis. The revenue decrease was further exacerbated by
SVC looks to rebrand 122 Marriott
(7 days ago) Newton, Mass.-based real estate investment trust Service Properties Trust (which commonly goes by its Nasdaq symbol SVC) has sent a letter to Marriott International, requesting Marriott advance $11 | Unless Marriott pays Service Properties Trust $11 million, SVC plans to transition management and branding of 122 hotels to Sonesta.
Global commercial real estate investment volume up 95%
(5 days ago) According to a new report from real estate company CBRE, global commercial real estate investment volume grew 95 percent year-over-year in the third quarter of 2021 to $315 billion, bringing the ye | Hotel sales have recovered well in the past six months, driven by coastal markets and portfolio acquisitions, according to CBRE.
How coronavirus might affect U.S. hotels, real estate
(7 days ago) As COVID-19 continues to make daily headlines, questions are circulating about what a possible pandemic could mean for the hotel industry and commercial real estate. While the United States economy expanded at a pace of 2.1 percent at the end of 2019, there are fears that gross domestic product growth will slow if the virus isn’t contained.
Saudi billionaire puts Four Seasons Toronto up for sale
(Just Now) Toronto's Four Seasons hotel is up for sale and could command as much as C$250 million. | If the sale goes through at the expected price, it would be one of the most expensive deals ever for a Canadian hotel.
BPM Real Estate to bring Ritz-Carlton to Portland, Ore
(3 days ago) Marriott International and BPM Real Estate Group signed an agreement to open the first The Ritz-Carlton hotel in Portland, Ore. The hotel will be housed in BPM’s nearly $600 million, 35-story mixed-use tower. Construction on the hotel is scheduled to begin later this year, with an opening slated for early 2023.
As real estate values rise, institutional investors turn
(3 days ago) As real estate values rise, institutional investors turn to hotels for yield. Just as a study from BrickVest found that 34 percent of institutional investors felt that the hotel and hospitality industry would present the best opportunities for commercial real estate over the next 12 months, developer Urban & Civic sold the Hampton by Hilton at
Crescent Real Estate buys Denver's Brown Palace Hotel and
(1 days ago) Denver's Brown Palace Hotel and Spa was officially sold to Crescent Real Estate of Fort Worth, Texas. The property was also appointed a new management team, HEI Hotels & Resorts. | HEI Hotels & Resorts has been appointed to manage the 241-room historic hotel, which is scheduled for a comprehensive renovation project.
China officially pumps the brakes on
(4 days ago) Across all investment classes, Chinese foreign direct investment in the U.S. totaled $45.6 billion in 2016. China's State Council has released a guideline "to promote healthy growth of overseas investment and prevent risks." Sectors on the restriction list include real estate, hotels, entertainment, sport clubs, outdated industries and projects
Defying pandemic, New York City maintains development
(6 days ago) After a solid first quarter of the year, the COVID-19 pandemic caused an “unmatched drop in visitation” to New York City during the last nine months of 2020, according to a report from Tourism Econ | Even after an "unmatched" drop in visitation devastated the city's hotels, developers still are optimistic about the future.
Holiday Inn Cape Cod Falmouth Hotel Management
(Just Now) Fee-simple interest in the lender-involved, 98-room Holiday Inn located in Falmouth, MA. An opportune time for investors to capitalize on the unprecedented strength in the drive-to leisure segment. Easily accessible to the region’s popular beaches and leisure demands which welcomed 4.1 million visitors in 2020. Cape Cod is a popular US and International …