Category: Hotel Industry News

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

Wheelock Street Capital acquires Hotel Contessa in San Antonio

businessnewstoday- November 21, 2020 0

Wheelock Street Capital has acquired Hotel Contessa, a luxury hotel in San Antonio, Texas for an undisclosed price. Hotel Contessa, which is a 12-story hotel ... Read More

Splitty acquires assets of online hotel booking company Cancelon

businessnewstoday- August 10, 2020 0

Splitty, an Israel-based hotel booking platform, has acquired the assets of Cancelon, its rival in the online travel market, for an undisclosed price. Cancelon was ... Read More

Dakota Mountain Lodge acquires Waldorf Astoria Park City in Park City, Utah

businessnewstoday- August 5, 2020 0

Dakota Mountain Lodge Homeowners Association, a hotel investment company, has acquired Waldorf Astoria Park City, a luxury hotel in Park City, Utah for an undisclosed ... Read More