Category Archives: Acquisitions

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sbe Acquires Morgans Hotel Group

sbe Acquires Morgans Hotel Group

NEW YORK—sbe Founder and Chief Executive Officer Sam Nazarian today announced with partners Ron Burkle and Cain Hoy Enterprises the definitive closing of sbe’s acquisition of Morgans Hotel Group, a move that further expands its international footprint and solidifies its ...

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Wyndham Hotel Group Acquires Fën Hotels

Wyndham Hotel Group Acquires Fën Hotels

BUENOS AIRES, Argentina—Wyndham Hotel Group today announced its acquisition of Latin America’s leading Fën Hotels, adding 26 management contracts across Argentina, Peru, Costa Rica, Uruguay, Paraguay, Bolivia, and the U.S. including two new Fën-built Wyndham Grand hotels opening in Montevideo, ...

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Waramaug LS Hotels Buys Holiday Inn Express Hauppauge

Waramaug LS Hotels Buys Holiday Inn Express Hauppauge

BOCA RATON, Fla.— Waramaug LS Hotels announced today the acquisition of the Holiday Inn Express Hauppauge Long Island, in Hauppauge, N.Y. Opened in 2001, the seven-story, 133-room hotel recently underwent a comprehensive renovation, upgrading the entire property to latest brand ...

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KSL Affiliate to Acquire Outrigger

KSL Affiliate to Acquire Outrigger

WAIKIKI, HONOLULU, HAWAII—Outrigger Hotels and Resorts (Outrigger) and KSL Capital Partners, LLC (KSL) announced today that affiliates of the companies have signed a purchase and sale agreement for an affiliate of KSL to acquire Outrigger. The transaction includes all 37 ...

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Aloft South Beach Sells for $105 Million

Aloft South Beach Sells for $105 Million

JMH Development has sold the Aloft South Beach to Rockpoint Group for a total cost of $105 million, or $446,809 per key sale price. Acquired in 2004 and originally entitled as condos by Jason Halpern, founder and managing partner of ...

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AmericInn Signs Minnesota Hotel

AmericInn Signs Minnesota Hotel

BAXTER, Minn.—AmericInn, the largest mid-scale hotel brand in the upper Midwest, today announced that it is expanding yet again in 2016, this time into Baxter, Minn. with the signing of a new AmericInn at 7836 Fairview Road, Baxter Minnesota. The property ...

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