article thumbnail

JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

Global real estate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.

article thumbnail

Marriott International to acquire CitizenM for US$355 million

Hotel Management

Marriott International has signed a deal to acquire lifestyle accommodation brand CitizenM for US$355 million. We are thrilled to add CitizenM as a unique, differentiated offering to our select-service brand portfolio as we continue to strengthen Marriott’s foothold in this valuable market segment around the world.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IHG brand portfolio climbs to 20 as modern lifestyle offering joins the fold

Hotel Management

InterContinental Hotels Group (IHG) has acquired premium urban lifestyle brand, Ruby, for 110.5 Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). Also, the timing could not be better.

Branding 130
article thumbnail

Marriott International announces acquisition of citizenM brand

Hotel Designs

The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. I envisage this relationship will greatly enhance citizenM’s global reach and brand impact.

article thumbnail

Marriott to acquire citizenM brand for $355M

Hotel Business

Marriott International has reached an agreement to acquire the lifestyle, select-service brand citizenM. At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. “I envisage this relationship will greatly enhance citizenM’s global reach and brand impact. .

article thumbnail

Peachtree acquires sixth DST-structured hotel

Hotel Business

Peachtree’s DST hospitality acquisitions continue to present compelling opportunities for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a strong allocation within the hotel sector, according to the company.

article thumbnail

‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

While details of the buyer and price have not been disclosed, Stonebridge said the 5-star hotel will continue to trade under the Skye Suites brand, while complementary tenancies for the six outlets in the ground floor retail precinct, Our Skittle Place, are explored.