Ashford Hospitality to buy 21 hotels for $250M
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Ashford Hospitality Trust Inc. (NYSE:AHT) said Monday it has agreed to buy a 21-property, 4,094-room hotel portfolio for $250 million, including assumed debt.
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Hyatt Corp., the Chicago-based hotelier owned by the infighting Pritzker family, agreed to buy the AmeriSuites chain of 143 hotels to tap rising demand from corporate travelers for upscale self-service rooms.
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A Spanish hotel conglomerate has made a bid to buy Springfield, Mo.-based John Q. Hammons Hotels Inc.
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Ashford Hospitality Trust Inc., a real-estate investment trust specializing in hotels, on Monday said it agreed to buy a 21-hotel portfolio controlled by affiliates of the Fisher Brothers, the Gordon Getty Trust, and George Soros for $85.3 million plus
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InterContinental Hotels Group passed another milestone in its wide-ranging asset disposal programme yesterday when it sold 13 of its North American properties for $425m (Â£220m).
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Orbitz Inc.'s shares surged nearly 31 percent yesterday on news that Cendant Corp. , owner of the CheapTickets, Days Inn, Avis, and Budget brands, had agreed to pay $1.25 billion to acquire the third-largest online travel agency.
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The company that owns The Venetian megaresort and a hotel-casino in Macau is aiming at an initial public offering price of $21 a share, according to documents filed Monday with the Securities and Exchange Commission.
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International hotel group, Ramada, is to open 37 new hotels in Ireland and will spend UK 21m.
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CHICAGO -- The Pritzker family&#39;s Hyatt Corp. said Thursday it plans to buy the AmeriSuites hotel chain from Blackstone Group in a deal reportedly worth more than $600 million.
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Hyatt broadened its high-end hotel brand Thursday by purchasing the 143-hotel AmeriSuites chain for $600 million. The acquisition from private equity investor Blackstone Group increases Hyatt&#39;s existing 90,000
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The travel reservation company agreed Monday night to be sold to Silver Lake Partners and the Texas Pacific Group.
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U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp. for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies.
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Highland Hospitality Corp. a lodging real estate investment trust, said Friday that it bought four hotels from Wyndham International Inc. for $227 million, plus closing adjustments.
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Hyatt Corp. will pay more than $600 million to the Blackstone group for the 143-hotel AmeriSuites chain, the Wall Street Journal reported Thursday.
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LAS VEGAS -- Station Casinos Inc.'s board of directors has accepted a revised buyout offer from its founding family and a unit of the real estate firm Colony Capital LLC for about $5.5 billion, people familiar with the matter said yesterday.
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US private equity group Blackstone is buying the Hilton Hotels chain for $26bn (Â£13bn) in an all-cash deal.
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Harrah&#39;s Tunica Casino &amp; Hotel and Bally&#39;s Casino Tunica will be sold to an affiliate of Colony Capital as part of a four-hotel deal valued at $1.