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Blackstone Real Estate to Acquire 6M SF Industrial Portfolio Developed by Crow Holdings for $718M

Lodging

NEW YORK & DALLASBlackstone and Crow Holdings announced that Core+ funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5 percent ownership.

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Steve Case's Top Travel Bets: Costa Rica, Luxury Rentals, and Real Communities

Skift Blog

Skift Take: AOL co-founder Steve Case says his new Waldorf Astoria resort reflects more than just a real estate play. His hope is that the future of high-end tourism lies in community connections rather than resorts that are literally walled gardens. Read the Complete Story On Skift

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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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Exclusive: Fiji’s hotel outlook is bright, JLL reports

Hotel Management

I look forward to connecting with colleagues and industry leaders in Fiji soon, where I’ll deliver a keynote presentation on the South Pacific Real Estate Market Outlook and moderate the investment outlook panel session. The post Exclusive: Fiji’s hotel outlook is bright, JLL reports appeared first on Hotel Management.

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Marriott International to acquire CitizenM for US$355 million

Hotel Management

We will continue to own our real estate and operate all our hotels. With the strength of Marriott’s development engine, we look forward to the prospect of many additional CitizenM properties in new destinations around the world. This relationship will allow us to work together to maximize returns.

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Hyatt's $2 Billion Property Sale Will Slash Cost of Buying Playa

Skift Blog

Skift Take: After selling these 15 resorts, Hyatt will once again look less like a real-estate company and more like a capital-light services business. It will be less likely to get clobbered during a downturn from volatile cash flows tied to depreciating assets. Read the Complete Story On Skift

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Samdoo Corporation acquires, rebrands South Brisbane hotel

Hotel Management

Established in 1988 by Joseph Jin-Sung Kim, the privately-owned hospitality and real estate investment company also owns and manages Hotel Diana Woolloongabba. Samdoo Corporation has purchased the former Quest South Brisbane at 50 Water Street, rebranding and relaunching the property as Hotel Diana South Brisbane.