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NEW YORK & DALLASBlackstone and Crow Holdings announced that Core+ funds affiliated with Blackstone RealEstate 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.
Skift Take: AOL co-founder Steve Case says his new Waldorf Astoria resort reflects more than just a realestate 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
Global realestate 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.
I look forward to connecting with colleagues and industry leaders in Fiji soon, where I’ll deliver a keynote presentation on the South Pacific RealEstate 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.
We will continue to own our realestate 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.
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
Established in 1988 by Joseph Jin-Sung Kim, the privately-owned hospitality and realestate 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.
Hyatt Hotels Corporation has agreed to sell Playa's owned realestate portfolio to Tortuga Resorts for $2 billion, with the transaction expected to close by the end of 2025.
Managing Director Denny Meikleham and Associate Director John Kluh of Berkadia Hotels & Hospitality led the transaction on behalf of the seller, Dune RealEstate Partners. The hotel was acquired by Jignesh Patel and Robins Patel of JNR Management Inc.
Hyatt Hotels Corporation has entered into a definitive agreement to sell the entirety of Playa Hotels & Resorts ‘ owned realestate portfolio, acquired from Playa on June 17 for $2 billion , to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Goldman Sachs & Co.
The closing of the 132-room hotel represents the third portfolio investment for McKibbon Income Fund I, a realestate investment fund focused on acquiring existing select-service and extended-stay hotels. ORLANDO, Florida—McKibbon Equities has closed on the purchase of Hilton Garden Inn Orlando I-4 Millenia Blvd Mall.
JLL worked on behalf of the borrower, a partnership between Blue Flag Capital and Bain Capital RealEstate, to secure a three-year, floating-rate loan through Blue Owl Capital-managed funds. Baron’s Cove includes 67 guestrooms, including lofted suites with panoramic harbor views and private garden accommodations.
Skift Take: For today’s pod we look at Hyatt’s Playa Hotels realestate play, leadership moves at Six Senses, and Europe’s brutal summer heat. Read the Complete Story On Skift
Dobbins has focused on hotel realestate and development across a wide range of segments, including select-service, experiential, boutique hotels and luxury resorts throughout his career. At Starwood, he played a role in developing properties across the Western U.S.,
Realestate and hospitality veterans Jay Levell and Ryan Hanks have launched Long Road Partners , a lifestyle and hospitality-focused investment and development firm with a strategic mandate to acquire, reposition and operate hotel, resort, lifestyle and golf-oriented assets across the U.S.
Australia’s hospitality sector has experienced a significant rebound in hotel investment volumes in 2025, according to JLL’s latest Australian Hotel Investment Dynamics report. A resurgence in cross-border capital is driving the recovery, following one of the lowest annual totals in over a decade in 2024.
DALLAS, TexasPeachtree Group, a diversified commercial realestate investment platform, announced the grand opening of the 87-suite TownePlace Suites in Forney, Texas. Peachtree will operate the hotel for TEKMAK Development (TEKMAK), a full-service hospitality development company.
Peachtree Group has launched its Peachtree Special Situations Fund, a $250 million fund designed to unlock value in mispriced, high-quality hotel and other commercial realestate assets due to today’s capital market illiquidity rather than underlying fundamentals, according to the company. “We
Skye Suites Sydney and its adjoining retail precinct have been sold to an international investor in what brokers have deemed Sydney CBD’s largest hotel transaction this year to date.
The Plasencia Group , a national hospitality realestate advisory firm, has named Jennifer Connell SVP, strategic advisory, based in the Washington, DC, area. In this role, Connell will lead strategic consulting engagements across branding, development planning, repositioning and asset management.
Ruberto, Israel & Weiner’s Commercial RealEstate team, led by Michael Rosen, represented Mount Vernon in this transaction. The JLL Hotels & Hospitality team, led by Managing Director Alan Suzuki and Senior Director Matthew Enright, represented the seller.
Advertisements As Chief Operating Officer, Meli will lead the day-to-day operations across Ginobbi Group’s realestate and hospitality assets, with a focus on internal alignment, talent development, and the integration of forward-thinking practices. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
That same space becomes prime realestate for weddings, corporate events or intimate gatherings. Maximize versatility and functionality Versatility turns a standard pool deck into a multifunctional venue-ready space and a major revenue generator. The smartest pool decks do double duty. But when the sun sets?
For this, there’s no better place to look than Miami, a city that’s undergone a renaissance of new development across many realestate sectors over the past decade, with a rapidly burgeoning population of individuals focused on healthy living. Where do you see the wellness realestate industry going?
The expansion is supported by a $77 million investment from EPR Properties , a realestate investment trust (REIT) specializing in “experiential” realestate. An additional $47 million in forward funding is earmarked for future development.
SAN DIEGO, California—Hotel del Coronado announced the completion of the revitalization of its Victorian building, the final milestone in Blackstone RealEstate’s more than $550 million restoration plan to enhance the property.
Powered by real-estate and tech integration, ZUBA aims to boost Sabah’s tourism, support local businesses, and enhance visitor convenience. Check out their website to find out more.
As a result, realestate operators must meet these standards to mitigate financial risks associated with non-compliance, further motivating them to enhance performance.
In addition to managing existing hotel operations, WaterWalk Hospitality also provides development services, including realestate selection and evaluation, entitlement approvals, construction management and oversight of capital expenditures. and WaterWalk Hospitality.
In connection with the transaction, BDT & MSD Partners served as lead financial advisor to Hyatt, with Berkadia serving as Hyatt’s realestate advisor. Hyatt intends to provide additional financial information about the transaction during the second quarter 2025 earnings conference call.
Renegade Hotels was created to “challenge the limitations of traditional select-service operators by offering realestate investors a sharper, more creative and highly personalized approach” to management, according the company. The post Rebel Hotel Company launches Renegade Hotels appeared first on hotelbusiness.com.
His vast experience in commercial realestate, banking and hotel management will greatly benefit our franchise network and the strength of our system,” says Graham Marsh, national director, Franchise Development, Choice Hotels Canada. “He has a proven track record of success and will play a key role in supporting our growth in the western markets.”
Additionally, Sorasea will continue a working relationship with Esperanza Carmel, a realestate partner and investor in L’Auberge Carmel, Aubergine Restaurant and Carmel Beach Hotel.
JLL worked on behalf of the borrower, a partnership between Blue Flag Capital and Bain Capital RealEstate , to secure a three-year, floating-rate loan through Blue Owl Capital -managed funds. The property features 67 guestrooms, including lofted suites with panoramic harbor views and private garden accommodations.
Marking the brand’s first residential project in Eastern Europe, the development will boast 80 Nobu Residences, reinforcing its presence in the luxury realestate sphere. Guests will also have access to a rooftop swimming pool with state-of-the-art fitness centre and a signature Nobu restaurant, serving Chef Nobu’s most iconic cuisine.
Article - Naumi Hotels Prepares for Brand Expansion With Cendyn - Singapore-based boutique hotel portfolio set for growth with digital realestate investment in partnership with Cendyn
Located near Omonia Square, the project is being developed in collaboration with realestate partner Primetown Development… The launch marks Ruby Group’s first step into the Greek market, further expanding its presence across the Southern Europe region with a new Lean Luxury hotel in central Athens.
MIAMI, FloridaDriftwood Capital has secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE) financing for its Westin Cocoa Beach Resort & Spa on Floridas Space Coast.
MIAMI, Florida—Kabani Hotel Group announced that Ahmed Kabani, chief executive officer and founder, along with partners Suraj Dalal and Kian McLean, has successfully completed the leasehold interest sale of the Wyndham Garden Tallahassee Capitol, a 147-room property located in Tallahassee, Florida.
Hospitality-focused realestate investment firm DoveHill has revealed a preferred equity investment in the redevelopment of a historic hospitality asset in Savannah’s Historic District. The project will deliver The Sabal House, a 64-key independent luxury boutique hotel, and marks DoveHill’s entrance into the market.
In November 2022, the property was acquired by the current hotel ownership, the Nashville and San Diego-based privately held realestate investment company, Southwest Value Partners. The expansion will integrate with the 22-story, Samuel F. Carter Building, which was built in 1910 and became the JW Marriott Houston Downtown in 2014.
The lender recognized the long-term value in both the realestate and the operating platform, and we’re proud to have helped structure a transaction that positions all parties for continued success.”
It seemed like the end, but hospitality finds a way… Interior design to reflect a contemporary aesthetic that tips toward minimalism but still with strong nods to the region’s heritage Advertisements The Rosewood Rebirth Following nearly a decade of planning and reconstruction under the stewardship of realestate collective Kennedy Wilson as (..)
Industries missing the most opportunities: In industries like realestate and information & communication, where travel is a core business function, the per-employee gap is even higher. Efficiency gains: As U.S. business travel spending continues to grow—rising an average of 1.5%
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