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 South Wales (NSW) far north coast for AUD 6 million. The acquisition will be carried out via its subsidiary – Eumundi Property Group. According to Eumundi Group, the acquisition is […]
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 in 19 hotel properties operated under the RIU Hotels & Resorts brand. The hotel assets involved in the deal are located across four continents. Two of them are currently under […]
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 of Ohana Real Estate Investors. Construction on the luxury resort was completed in December 2020. It is said to provide a secluded and calm retreat with convenient access to wineries […]
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 with 265 rooms, is situated at 306 West Market Street. Built in 2005, the luxury hotel has 10,000 square feet of function space, a rooftop pool, a full-service restaurant and […]
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 an Israel-based online hotel booking company, which went bankrupt in March owing to the Covid-19 pandemic, reported Skift.com. Omer Granot – GM and founder of Cancelon said: “We’ve done amazing […]
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 price. Featuring 159-guestrooms and suites, Waldorf Astoria Park City is situated at the Canyons Village base of Park City Resort. It is said to encompass newly renovated rooms along with […]
Cordia Corporation, an owner, investor and innovator in hospitality and restaurants, intends to acquire The Blind Pig, the owner of Blind Pig Restaurant in Las Vegas. In this connection, the parties have signed a letter of intent to undertake the transaction. The Blind Pig Restaurant, which serves classic American dishes, is located at 4515 Dean […]
American Hotel Income Properties REIT (AHIP) has agreed to acquire a portfolio of a dozen Premium Branded hotels for $191 million in a move to boost its geographic footprint in Texas and the Midwest. The 12 hotels have a total of 1,203 guestrooms and are located across the states of Minneapolis, Texas, Michigan, Pennsylvania, and […]
Hospitality technology company Parity Technology Solutions has acquired Hotspot International, a hotel solutions provider for an undisclosed price, in a move to bolster its position in the hospital technology industry. Hotspot International provides turnkey solutions in Mexico, the US, Central America, and the Caribbean. The company is engaged in offering High-Speed Internet Access (HSIA) and […]
Waldorf Astoria Hotels & Resorts, a hotel brand of Hilton, has opened its first resort Waldorf Astoria Los Cabos Pedregal in Mexico, expanding the brand’s portfolio in the Caribbean and Latin America. The property formerly known as The Resort at Pedregal was acquired by affiliates of Walton Street Capital Mexico and rebranded as Waldorf Astoria […]