DiamondRock Buys Hotel Portfolio from Blackstone in $495M Deal

The portfolio includes properties in Boston, Washington D.C., Burlington, Va. and San Diego. National Real Estate Investor
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Big Sales, Public Offerings Spotlight Hot Summer For Hotel Investors

A summer heat wave has left many sweltering through much of the nation this summer, but the hotel investment market is generating some July heat of its own during the peak month for vacations, as evidenced by a pair of blazing hotel acquisitions and financings at the outset of the thi
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Hotel Values Continue Robust Recovery

The hotel recovery continues for all the major U.S. hotel markets National Real Estate Investor
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Starwood Hotels Sells Atlanta Perimeter Hotel & Suites

Le Meridien Hotel (Atlanta, GA) – Starwood Hotels & Resorts Worldwide announced that it has completed the sale of the 275-room Atlanta Perimeter Hotel & Suites to RockBridge Partners, a division of RockBridge. The property, which will be franchised, is located just north
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Lodging Sales Surge As ‘Unprecedented’ Hotel Market Run Unfolds

The U.S. lodging industry, benefitting from two years of sporadic recovery, should continue to enjoy gains in occupancy and pricing power through 2014, with rising profits luring greater levels of investment, according to a series of hospitality reports and outlooks released over the
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U.S. Hotel Market Reports Performance Increases in January

According to STR, the U.S. hotel industry in January reported increases in all three key performance metrics. Overall, the U.S. hotel industry’s occupancy rose 4.1 percent to 49.4 percent, its average daily rate was up 3.9 percent to US$ 100.74 and its revenue per available room
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U.S. Hotel Market Performing Well in Early February

According to STR, the U.S. hotel industry experienced increases in all three key performance metrics during the week ending February 11, 2012. In year-over-year comparisons for the week, occupancy was up 2.6 percent to 55.9 percent, average daily rate increased 3.8 percent to US$ 102.
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Arab Spring Still Impacting Egypt, Bahrain Hotel Markets

Bahrain According to the 2011 year-end data from STR Global, a year since the beginning of the Arab Spring, demand has yet to return to Egypt, Bahrain and the Levant region. In Cairo, Egypt, where protests have been widely broadcasted, occupancy declined by 29.5 percentage points to 3
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JV Invests $64M in Sutton Place Hotel in Chicago

A joint venture of AJ Capital Partners and Walton Street Capital LLC acquired the 22-story Sutton Place Hotel in Chicago, IL, from Hong Kong-based owner Christopher Ho Wing On for $ 64 million, or about $ 260,163 per room. The hotel, delivered in 1988 at 21 E. Bellevue Place, totals 2
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