New Hotel in Mexico

Sonesta International Hotels Corporation announced its first hotel in Mexico, the 16-story, 460-room Sonesta Gran Posada Resort, scheduled to open in 2009. This spectacular destination resort is located on the beach in San Carlos, less than 10 miles from Guaymas International Airport and an hour from Hermosillo International Airport, in Sonora, Mexico. San Carlos is just a 5-hour drive south of Tucson, Arizona. A condo-hotel, the resort is being developed by Playa de San Carlos, LLC and will be managed by Sonesta.

Istithmar takes 80 per cent share in USD 130 million Bangkok hotel development

The new luxury hotel will form a major part of Golden Land's 'Sathorn Square' mixed-use development, which is centred on the historic landmark Russian Embassy complex and will also include a 70,000 square metre Grade A office tower with retail shops.

Kronos Hotels Acquires 16 Properties

Kronos Hotels, LLC, an Atlanta-based hotel investment group, has acquired a portfolio of 16 hotels with approximately 3,100 rooms and annual sales approaching $60 million from Lodgian, Inc. (AMEX: LGN), one of the nation�s largest independent owners and operators of full-service hotels. In addition, Kronos has signed an agreement to purchase one additional Lodgian-owned hotel in a deal which is expected to close later this year.

Equity Inns Agrees to Be Acquired by Whitehall

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT) based on the number of hotels owned, today announced that it has entered into a definitive merger agreement under which an affiliate of Whitehall Street Global Real Estate Limited Partnership 2007 (“Whitehall”) will acquire Equity Inns, Inc. in a transaction valued at approximately $2.2 billion, including debt.

IHG opens Holiday Inn Express Hotel in Medellin, Colombia

InterContinental Hotels Group (IHG), the world's largest hotel group by number of rooms, today announced the opening of the Holiday Inn Express Hotel & Suites Medellin located at Carrera 43 A #1 Sur 124, El Poblado, La Strada, Medellín, Colombia. The hotel will be owned by Grupo Suites S.A. de CV, under a license agreement with a company in the InterContinental Hotels Group.

Legacy Hotels Gets Takeover Bids of $1.46 Billion

June 18 (Bloomberg) -- Legacy Hotels Real Estate Investment Trust, owner of the Fairmont Washington D.C. and 24 other hotels in North America, received takeover bids of about C$1.46 billion ($1.36 billion) from investment groups it didn't identify.

Time-share vs. hotel: It's no simple choice

Does $18,000 for a week's vacation for the rest of your life sound good? That's the average price paid last year for a time share. Despite that high barrier to entry, the time-share business is booming. But does it make financial sense to buy a piece of home away from home?

Mexico's hotel real estate

The total amount of foreign investment in Mexico totaled $640 million in 2006, representing an annual compound growth rate of 135%. This influx has transformed the hotel market into a more transparent and liquid investment environment, propelling further out.

Hilton Hotels Corp. plans to develop 25 new Hampton hotels in U.K.

"We are excited by the prospect of further developing our portfolio with Hilton," Budden said in a statement. "With our U.K. franchise expertise and the new Hampton by Hilton brand, we are confident that we can make a huge success of this alliance."

Goldman Sachs to check out of hotels in £500m sale

Goldman Sachs’s Whitehall Funds property unit is poised to put the former Queens Moat Houses (QMH) hotel business in Britain up for sale for between £450 million and £500 million.

Hilton Announces Sale of Embassy Suites Hotel

Hilton Hotels Corporation (NYSE:HLT) announced today that it has sold the 220-suite Embassy Suites Hotel in Memphis, Tennessee to 1022 Shady Grove LLC, an affiliate of Haberhill LLC.

Hotel values continuing to reach farther

According to Stephen Rushmore, President and Founder of HVS, expect hotel valuations to start to ebb here in the U.S. starting in 2010 where prices will decline about one percent. In 2011 prices will decrease another five percent, Rushmore predicts, with smaller losses in 2012 and 2013.

Papermill for sale - again

A historic riverside site is up for sale just eight months after it was taken over by property developers.

New York: Tudor Hotel Sold Out for $19.31

Word got around lightening fast regarding The Tudor Hotel’s special $19.31 summer weekend rate. So much so that they’re sold out. Save yourself a phone call and look into other New York summer bargains.

Marriott to co-brand with Nickelodeon in 20-hotel deal

Marriott International Inc. and Viacom Inc.'s Nickelodeon cable network said Thursday at a New York press conference that they plan to build a chain of at least 20 family themed resorts by 2020.

Hilton Sells Famed Washington Hotel

Hilton Hotels Corp. has sold its Hilton Washington hotel for $290 million to a group of investors led by Canyon Johnson Urban Fund, the investment vehicle of former basketball player Earvin “Magic” Johnson.