- Vancouver occupancy down
- Higher DCC's for Hotels may impact supply
- HNA considers sale of Radisson
- Singapore's Frasers Centepoint purchase of Four Points, Sheraton in Sydney, Australia
- Chinese investments in U.S. Hotels
- Hainan Airlne takes $6 bln stake in Hilton
- Korean buying Hyatt Regency Waikiki
- Vancouver has the highest per-key price ever for any market in Canada
- BluSky purchase Invest
- Accor buys Fairmont Hotels
- St. Regis brand coming to Shanghai
- Jin Jiang to buy Starwood hotels? >> Chinese giants compete to bid for Starwood Hotels
- Penninsula Hotels plan to expand overseas with residential investments
- Great Eagle invests in NY NeueHouse
- Lotte buys Palace Hotel in NYC
- Intercontinental in HK sold for $938 million
- World's largest hotel chain created = Starwood + Marriott
- Mandarin purchase in gateway-student US city
- Lotte's proposed IPO
- Mori principal purchase of hotel in Moorgate
- London Wembley hotel sold to Dubai interests
This transaction follows New World Development’s high profile sale of its three hotels – Grand Hyatt Hong Kong, Hyatt Regency Tsim Sha Tsui and Renaissance Harbour View, into a 50-50 joint venture with the Abu Dhabi Investment Authority (ADIA) for US$2.39 billion earlier in April this year, making it the biggest hotel deal in Asia in a decade
- Fosun invests £ 91.8 million for private equity stake in Thomas Cook - they already own Club Med
- Chinese money in U.S. hotels
- Evergrande purchase of Fairmont Château Montrebello
- Hyatt Regency Vancouver changes hands for $140 million | $217 per key >> Press release, on Closing
- Royal York Hotel >> Deal closed at $137K per key
- Oxford purchase of Park Hyatt in Toronto for $260K per key >> 4 Avenue Road, $105 million, $303,468 per key
- Marriott buys Delta Chain for $168 million from BCIMC
- Hilton acquires Parc 55 in San Francisco >> Hilton points!!
- Toronto Westin Prince sold to PRC group for $70 mln Canadian
- TORONTO | Westin Harbour Castle for Sale 2016
- Hyatt Regency Garden Grove sold to Chinese for $137 million
Jin Jiang owns and operates over 1,700 hotels in 11 countries, but is primarily active in China, where it has long been the primary hotel concern of the Shanghai government, and owns many of the city’s landmark hotels.
Louvre Hotels has a network of more than 1,100 hotels in more than 40 countries worldwide, ranging from one to five stars under the Premiere Classe, Campanile, Kyriad, Tulip Inn, Golden Tulip, Kyriad Prestige and Royal Tulip brands.
In November 2011, Louvre Hotels Group and Chinese hospitality and travel conglomerate Jin Jiang International Holdings established a commercial partnership which notably introduced co-branding for some hotels in major cities in China and France.
Just three few months after buying international budget hotel operator Louvre Hotels Group for €1.3bn, Chinese hotels group Jin Jiang has built up a 4% stake in Paris-based hotel giant AccorHotels, according to French media.
2015 June 10
France-based international budget hotel operator Louvre Hotels Group, now owned by Chinese group Jin Jiang, has secured a €2.5bn credit line from Industrial and Commercial Bank of China, and says it may use some proceeds to buy further portfolios or groups.
Louvre Hotels has a network of more than 1,100 hotels in more than 40 countries worldwide, ranging from one to five stars under the Premiere Classe, Campanile, Kyriad, Tulip Inn, Golden Tulip, Kyriad Prestige and Royal Tulip brands.
In November 2011, Louvre Hotels Group and Chinese hospitality and travel conglomerate Jin Jiang International Holdings established a commercial partnership which notably introduced co-branding for some hotels in major cities in China and France.
2015 June 29
China's Jin Jiang said to hold 4% stake in Accor hotels
China's Jin Jiang said to hold 4% stake in Accor hotels
2015 June 10
Louvre Hotels gets €2.5bn from China’s ICBC to finance expansion
France-based international budget hotel operator Louvre Hotels Group, now owned by Chinese group Jin Jiang, has secured a €2.5bn credit line from Industrial and Commercial Bank of China, and says it may use some proceeds to buy further portfolios or groups.- Le Grand in Paris trades for $405 million
- China Anbang purchase of Waldorf Astoria for $1.95 billion in NYC
- $2 mln per key! - ridiculous?
- Time Square Hotel sold for $530 mln
- Met Life purchase of Fairmont in Washington for $180 mln
- LAX Marriott sold for $160 million
- Bain purchase of Japan hot spots
- $1mln per key for Mandarin San Francisco
- SFO world's priciest hotels
- John Malone buys Dublin
- Larco purchases Fairmont Hotel Vancouver for $180 million
- Larco Enterprises Inc.’s hospitality wing has acquired the Fairmont Hotel Vancouver from Ivanhoé Cambridge for $180 million. A deal for the landmark at Georgia and Burrard streets was no surprise; the Caisse de dépôt et placement du Québec, which Ivanhoé Cambridge represents, announced plans at the end of May 2014 to sell a number of properties across North America. Real Estate Fund Manager.com has acquired numerous assets for Larco over the past decades. If you are considering sale of your hotel assets in Canada, U.S. or U.K., please contact us. The group owns 25 hotels in the city of London.
- Blackstone buys Strategic Hotels
- High tech hotel in Japan staffed by robots!
- Yotel San Francisco can fit 202 rooms into a building that would normally house just 94
- Luxe hotels in China - and you thought Vancouver monster homes were opulent!
- Super luxury hotels in NYC > $ 1K per night
- Bulgari Hotel, London
For Sale
- SFO : Zurich-based ACRON AG purchased the 531-key Sheraton Fisherman Wharf
- Kingdom Holdings sell Toronto Four Seasons Hotel > Owner of Fulham football club acquired Four Seasons Toronto > Real Estate News Exchange
- Marriott acquires Starwood Hotels
- Plaza Hotel NYC, still mired in legal problems
- HNWI get help from banks
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