The Lone Star Real Estate Fund is acquiring Lodgian, which operates 34 assets, for $270 million including debt Lone Star Funds is making an investment in the US hotel sector via its Lone Star Real Estate Fund.
1 min read · 24 January 2013
The Greenwich, Connecticut-based private equity real estate firm aims to increase its exposure to the budget hotel sector and could sacrifice parts of its luxury hotel portfolio to execute the strategy shift.
1 min read · 24 January 2013
The firm has bought Hotel 71 on Chicago’s Wacker Drive for an undisclosed sum out of CMBS special servicing.
1 min read · 21 January 2013
The Hospitality Development Fund hopes to raise $1bn to invest in development projects, hospitality and entertainment companies in Asia and the MENA region.
1 min read · 21 January 2013
The Los Angeles-based real estate investment firm has hired Richard Bosworth, who has a background managing non-performing hotel and casino loans, to oversee its hospitality investments.
1 min read · 21 January 2013
The Larkspur, California-based private equity and real estate firm is hoping to close on its $50m LRG Capital Hospitality Fund in the next few months. The vehicle will target early-stage restaurants affected with large debt loads.
2 min read · 21 January 2013
Former REIT veterans Robert Solmson and Ed Ansbro have teamed up Georgica Advisors founder Richard Reiss to launch private equity real estate firm, Fairwood Capital. The first fund will target hospitality in US metropolitan areas.
1 min read · 22 January 2013
A hospitality investment fund set up by three Arab Gulf banks plans to raise $300m by the first quarter of next year, according to reports. It has already signed agreements for six deals in the Middle East and India.
2 min read · 22 January 2013
SHUAA Capital has raised $240m for the first close of its hospitality fund focused on Saudi Arabia, ‘the first private equity fund domiciled in the Kingdom'. The fund will develop 17 hotels, apartments and resorts in the country.
2 min read · 22 January 2013
The private equity arm of the Middle East investment bank holds a first close on its Saudi Hospitality Fund on $240m. The fund – said to be the first Saudi Arabia-domiciled private equity real estate fund –will develop 17 hotels and apartments in the kingdom.
1 min read · 22 January 2013
