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

Hotel Management

“The over-sized suites, high specification of finishes and recent construction were all contributory factors to attracting the ‘who’s who’ of bidders and driving Sydney’s biggest hotel sale this year,” said Stonebridge Property’s National Director, Lincoln Blackledge.

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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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Marcus & Millichap brokers two-hotel sale

Hotel Business

Marcus & Millichap , a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has brokered the sale of a two-property hotel portfolio in Upstate New York. The post Marcus & Millichap brokers two-hotel sale appeared first on hotelbusiness.com.

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Westgate Resorts updates executive team

Hotel Business

He brings more than 35 years of industry experience, having served as a partner at Grant Thornton, where he specialized in the hospitality and real estate sectors. Alex Velazquez has been promoted to SVP, digital marketing & creative services. Heather Tritchel and Sam King have been promoted to SVPs, specialty marketing.

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JLL: 15% to 25% rise in 2025 hotel investment volume

Hotel Business

This growth will be catalyzed by impending loan maturities, deferred capital expenditures, private equity fund-life expirations and moderating RevPAR in some markets, with the Americas expected to see the largest growth followed by EMEA and APAC. Peek, president, Americas, JLL Hotels & Hospitality Group.

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Berkadia Negotiates Sale of Hampton Inn Tampa East (Casino Area)

Lodging

Associate Director Kyle Sahlsten of Berkadia Hotels & Hospitality led the transaction on behalf of the seller, Tampa-based Liberty Group. The Tampa East submarket and greater Tampa market remain extremely liquid and are generating significant investor interest, said Sahlsten.

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HREC Arranges Sale of Best Western Territorial Inn & Suites

Lodging

is a southwestern US regional hotel ownership and management company. The marketing and negotiations were led by Jeffrey Duni, senior vice president, HREC. is a family owner/operator and original developer of […] The post HREC Arranges Sale of Best Western Territorial Inn & Suites appeared first on LODGING Magazine.