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Peachtree Hotel Group Announces 2016 Acquisitions

Peachtree Hotel Group Announces 2016 Acquisitions

ATLANTA, Ga.—Officials of Peachtree Hotel Group have announced it made five hotel acquisitions and undertook five development projects totaling approximately $155 million during the second half of 2016, increasing to its growing portfolio of select- and limited-service hotels nationwide by ...

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Hyatt Acquires Miraval Group

Hyatt Acquires Miraval Group

CHICAGO—Hyatt Hotels Corporation has announced that Hyatt has acquired Miraval Group, a provider of wellness and mindfulness experiences, from an affiliate of KSL Capital Partners. For over 20 years, Miraval’s flagship property in Tucson, Ariz. has been considered one of ...

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Louvre Hotels Group Buys Majority Stake in Sarovar

Louvre Hotels Group Buys Majority Stake in Sarovar

Louvre Hotels Group has acquired a majority stake in Sarovar Hotels, an independent Indian hotel chain. This marks the European hotel group’s first investment of size in the Indian subcontinent. Sarovar Hotels consists of 75 hotels in the premium, mid-range, ...

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CBRE Arranges Sale of Marriott Downtown Des Moines

CBRE Arranges Sale of Marriott Downtown Des Moines

DES MOINES, Iowa—CBRE Hotels announced that it has arranged the sale of a 417-room Marriott in downtown Des Moines at 700 Grand Avenue in Des Moines, Iowa to SRE Bulldog Hotel Owner. CBRE Hotels’ Nate Sahn, senior vice president in ...

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Patriarch Equities Purchases Affinia Manhattan Hotel

Patriarch Equities Purchases Affinia Manhattan Hotel

NEW YORK—Patriarch Equities, Sioni Group, and Highgate announced today that they have purchased the 618-room Affinia Manhattan NYC hotel through a joint venture. Highgate has also assumed management of the property as part of the transaction. Effective immediately, this upscale, ...

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