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CPA:18 Acquires $72 Million Club Med Resort in Mauritius

CPA:18 Acquires $72 Million Club Med Resort in Mauritius

W. P. Carey announced today that one of its managed non-traded REITs, CPA:18 – Global, has acquired a 266-room resort hotel, La Plantation d’Albion Club Med, located in Albion, Mauritius, for approximately $72 million. The facility is triple net-leased to ...

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Bahamas Repeals Hotel Guest Tax

In order to attract more visitors and increase their value for money, the government of The Bahamas has reduced hotel taxes. The Ministry of Finance, in conjunction with the Ministry of Tourism, repealed the Hotel Guest Tax of 10 percent ...

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Marshall Hotels Founder Dies Unexpectedly at 74

Marshall Hotels Founder Dies Unexpectedly at 74

Charles “Chuck” Marshall, founder and chairman emeritus of Marshall Hotels & Resorts, died unexpectedly Dec. 27 at age 74, following complications related to a stroke. Marshall founded the company in 1980 at a time when third-party hotel management was in ...

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Google, Microsoft Oppose Hotels Blocking Personal Wi-Fi

Google, Microsoft Oppose Hotels Blocking Personal Wi-Fi

Microsoft and Google have teamed up in support of guests who want to use personal Wi-Fi hotspots in hotels. The companies joined the wireless industry’s lobbying group and other parties in opposing the hotel industry’s petition, which seeks the Federal ...

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