London-based Internos Global Investors has held a second close for its Hotel Real Estate Fund I, with the equity coming from an all-German cast of investors and zero co-investment from the general partner.
2 min read · 28 August 2013
The Boston-based real estate investment manager has sold its interest in two US hotel properties, both of which the firm acquired two years ago on behalf of its third real estate fund.
2 min read · 28 August 2013
The Washington, DC-based private equity giant is hoping to exit from its investment in China hotel operator New Century Hotel Group via the Hong Kong REIT market, expecting Hong Kong and international investors to pay $254 million for the company and its portfolio.
2 min read · 28 August 2013
The Los Angeles-based investment firm has purchased the San Jose Marriott Hotel from Prudential for $83 million on behalf of its CBRE Strategic Partners US Value 6 fund.
2 min read · 28 August 2013
‘Good potential’ for private equity investment to keep growing in the hospitality sector, with Southeast Asian countries such as Cambodia seeing 25 percent growth in tourism, according to global property services firm Jones Lang LaSalle.
2 min read · 27 August 2013
The real estate subsidiary of the global asset manager has raised €200 million for its European Hotel Fund II, which will have €400 million of buying power.
1 min read · 27 August 2013
The global bank’s real estate investment arm formerly known as RREEF Real Estate has teamed up with a New York-based investor to buy the ground lease of the Milford Plaza Hotel in Times Square.
2 min read · 27 August 2013
The Atlanta-based investment firm is more than halfway to its $200 million target for its value-added Noble Hospitality Fund II, which is targeting lodging properties throughout the US.
2 min read · 27 August 2013
The San Francisco-based firm has garnered $203 million in equity commitments on behalf of its KHP Fund III, which will be used to target hotel properties in North America.
2 min read · 27 August 2013
The Boston-based real estate investment firm, along with its joint venture partners, has sold the Flatotel on 135 West 52nd Street and the Alex Hotel on 205 East 45th Street. The properties had been put in receivership after their original owner reportedly defaulted on the debt.
2 min read · 27 August 2013
