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Hospitality
Hotels & resorts: ADR, RevPAR, brand affiliations, flags, and management contracts.
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Latest in Hospitality
CapMan Real Estate and AP Pension acquire Scandic hotel in Copenhagen
2+ day, 15+ hour ago (102+ words) Finnish investment firm CapMan and Danish AP Pension have, through their equally owned joint venture, acquired Hotel Scandic Webers from Jeudan. The hotel is centrally located in Copenhagen and covers... Finnish investment firm CapMan and Danish AP Pension have, through…...
AVC strikes three-asset hotel swap deal
2+ day, 22+ hour ago (194+ words) Commercial and residential property news Australian Venue Co has traded two pub leaseholds for a freehold – all in Queensland. Helliwell will take full ownership of Surfair Beach Hotel at Marcoola, on the Sunshine Coast, with a hotel, accommodation and events…...
Historic 1857 hotel and accommodation venue hits the market after renovation
8+ hour, 34+ min ago (247+ words) One of Port Fairy's favourite hospitality locations is up for sale. The Oak and Anchor Hotel, which was extensively renovated back in 2020 before opening as a successful hospitality and accommodation venue, will hit the market later this week. The premises…...
Bargain Hunters Love North East, Maryland, For Its Small Waterfront Downtown And Cheap Homes
18+ hour, 14+ min ago (1784+ words) Some towns make you pay a premium just to stand near the water, but this one in northeastern Maryland has a different attitude. Here, a small downtown sits close to the head of the Chesapeake Bay, and homes have earned…...
Holiday Inn & Suites Penang Prai reportedly up for sale at RM230m
3+ day, 14+ hour ago (303+ words) The 36-storey Holiday Inn & Suites Penang Prai in Juru Sentral, Seberang Perai, is reportedly up for sale less than two years after opening, according to a report by The Edge. Industry observers told The Edge that the freehold hotel has…...
Developer Plans $55 Million Downtown Hotel
1+ day, 1+ hour ago (663+ words) Graduate by Hilton Flagstaff seeks ties to NAU.Development of the Graduate by Hilton Flagstaff hotel is underway at Beaver Street and Birch Avenue. The downtown hotel and an adjacent parking garage will replace Flagstaff’s former City Hall, built in…...
Southampton apart-hotel for ex-Citizens Advice site approved
1+ day, 17+ hour ago (405+ words) Plans to redevelop a former council-owned Citizens Advice building in Southampton city centre into five serviced apartments have been approved. Southampton City Council officers granted planning permission to convert the two-storey building at 3 Kings Park Road from offices into five…...
After Lucrezia, Sujimoto is taking its luxury ambition into hospitality
1+ day, 17+ hour ago (208+ words) Sujimoto Construction Limited, the ultra-luxury real estate firm behind some of Ikoyi’s most prominent residential addresses, is pivoting into commercial hospitality with the announcement of Isabella, a proposed high-end hotel development on Victoria Island, Lagos. The move marks a strategic…...
Historic downtown Phoenix offices to become hotels
1+ day, 19+ hour ago (372+ words) A century-old downtown Phoenix office building will get a new life as a hotel, after it was purchased by a hospitality developer. Aperture Hotels bought the Ellis Building, a six-story office building at Second Avenue and Monroe Street, from Equus…...
Historic Barth Hotel in downtown Denver sells for $2.5M ahead of $25M renovation
2+ day, 10+ hour ago (255+ words) For the first time since 1981, LoDo’s Barth Hotel has a new owner. Eaton Senior Communities, a Lakewood-based nonprofit, closed on its $2.5 million purchase of the building at 1514 17th St. in Denver on Wednesday. The building, which was a hotel for decades,…...