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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.

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

Hotel Management

The “hotly contested sale process”, managed by agents Stonebridge Property Group and HTL Property, saw in excess of 300 enquiries, and over 20 formal offers received at the close of first round bids.

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Peachtree acquires sixth DST-structured hotel

Hotel Business

This latest DST offering is the third to close this year following the completion of the Residence Inn Tampa Wesley Chapel DST in November. The Home2 Suites property is located off I-95 and is close to downtown St. Augustine, one of Florida’s most popular tourist destinations.

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Mount Vernon Company acquires John Carver Inn & Spa

Hotel Business

Originally opened in 1969 and most recently renovated in 2021, the property is close to Plymouth Rock and the Mayflower II, making it a key asset in the state’s heritage tourism corridor. The transformation will be guided by Catalyst Hotel Marketing, a proprietary marketing program developed by Bruce A.

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Island Hospitality adds San Jose TownePlace Suites

Hotel Business

The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University. We are very excited for the opportunity to work with an owner who is a premier real estate development firm with a long-standing and award-winning history in the San Jose, CA, market, said Gregg Forde, president/COO.

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HB Exclusive: Rockbridge acquires three Hotel Zaza properties

Hotel Business

All three hotels reside in prime real estate locations within urban, high barrier-to-entry markets with strong demand drivers, according to the company. Hotel ZaZa Austin Downtown is close to Austins Central Business District with its dense corporate presence and acclaimed dining, retail and live music venues.

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Marriott International announces acquisition of citizenM brand

Hotel Designs

We are thrilled to add citizenM as a unique, differentiated offering to our select-service brand portfolio as we continue to strengthen Marriotts foothold in this valuable market segment around the world. We will continue to own our real estate and operate all our hotels. said Lennert de Jong, CEO of citizenM.