An affiliate company of New York-based investment firm Apollo Global Management is to acquire a 50% stake in Innkeepers, the troubled hotels business, which filed for creditors protection earlier this month, in a deal worth $107.5 million.
1 min read · 24 January 2013
Through its joint venture hotel investment company with New York’s Host Hotels, the Singaporean sovereign wealth fund is preparing to increase its exposure to Indian hospitality assets.
1 min read · 24 January 2013
The European part of Starwood’s business has reportedly acquired the Cumberland Hotel in London’s West End in joint venture with London & Regional Properties
2 min read · 24 January 2013
The Greenwich, Connecticut-based firm said it will “aggressively” target US hospitality after acquiring a minority stake in private hotel investment firm Hersha Hospitality Management.
2 min read · 24 January 2013
US REIT Chatham Lodging Trust has bought six hotels from the Bethesda, Maryland-based hotel investment firm in an all-cash deal.
1 min read · 24 January 2013
Morgan Stanley Real Estate Investing, the private equity real estate fund management division of Morgan Stanley, has won an extension from its lenders on a portfolio of hotel investments bought from All Nippon Airways.
2 min read · 24 January 2013
The private equity and real estate giant has reportedly teamed up with a group of investors, led by Centerbridge Partners and Paulson & Co., in a $905m bid for bankrupt hotel chain Extended Stay.
1 min read · 24 January 2013
Fairmont Raffles Hotels International, the hospitality company taken private by Colony Capital and Kingdom Holding Company, is reportedly preparing to sell the legendary Raffles Hotel in Singapore to Qatari Diar. The Qatar sovereign wealth fund has yet to decide on the amount of money required to refurbish the colonial icon.
2 min read · 24 January 2013
New York-based Westbrook Partners has purchased a two-thirds stake in three luxury hotels from mixed-use development firm Millennium Partners. According to a report by the Wall Street Journal, the deal will mean San Francisco’s Four Seasons hotel can avoid foreclosure.
2 min read · 24 January 2013
According to a report by The Wall Street Journal, Morgan Stanley ‘may’ hand over the keys to a chain of 13 Japanese hotels acquired in 2007 from All Nippon Airways after the lenders behind the deal signalled they want the bank to pump in more equity
2 min read · 24 January 2013
