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
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
