Category: Hotel Industry News

EVENT Hospitality & Entertainment to sell Rydges North Sydney hotel for $53m

businessnewstoday- May 29, 2022 0

EVENT Hospitality & Entertainment has agreed to sell the Rydges North Sydney hotel to JD North Sydney Services and JD North Sydney Business for AUD ... Read More

US-based Hersha Hospitality Trust to sell seven non-core hotels for $505m

businessnewstoday- April 30, 2022 0

Hersha Hospitality Trust has signed a deal worth $505 million with an undisclosed party to divest seven of its non-core Urban Select Service properties located ... Read More

Vikas Lifecare plans Rs 12k crore acquisition of 5-star hotel in Delhi NCR

businessnewstoday- March 13, 2022 0

Vikas Lifecare Limited said that it is planning to acquire a company owning a 5-star hotel in Delhi NCR for a sum of around Rs. ... Read More

Reliance Industries to buy 73% stake in Mandarin Oriental New York hotel

businessnewstoday- January 9, 2022 0

The Mukesh Ambani led Reliance Industries Limited is set to acquire a 73.37% stake in Mandarin Oriental New York, a luxury hotel in New York ... Read More

Agilysys to acquire property management solution provider ResortSuite

businessnewstoday- December 19, 2021 0

Agilysys, a US-based hospitality software provider, has agreed to acquire Canadian property management solution provider ResortSuite in an all-cash deal worth around $25 million. ResortSuite ... Read More

Booking Holdings to acquire hotel rooms distributor Getaroom for $1.2bn

businessnewstoday- November 15, 2021 0

Booking Holdings, a provider of online travel and associated services, has agreed to acquire Getaroom, a B2B distributor of hotel rooms, from private equity firm ... Read More

Condor Hospitality Trust to sell hotel portfolio to Blackstone for $305m

businessnewstoday- September 26, 2021 0

Condor Hospitality Trust, a Maryland-based real estate investment trust company, has agreed to sell its full portfolio of hotels with affiliates of Blackstone Real Estate ... Read More

Eumundi Group acquires Court House Hotel in Murwillumbah, NSW

businessnewstoday- July 10, 2021 0

Eumundi Group, an Australian hotel and investment property company, has acquired the land and buildings of the Court House Hotel in Murwillumbah on the New ... Read More

RIU Group to acquire TUI Group’s stake in 19 RIU Hotels & Resorts hotels

businessnewstoday- May 28, 2021 0

Spanish hotel chain RIU Group has signed a deal worth €670 million to acquire from a 49% stake held by German travel company TUI Group ... Read More

Sunstone Hotel Investors acquires Montage Healdsburg Resort for $265m

businessnewstoday- May 2, 2021 0

Sunstone Hotel Investors, a lodging real estate investment trust (REIT), has acquired the Montage Healdsburg Resort in Sonoma County, California for $265 million, from affiliates ... Read More