SHANGHAI—Cachet Hotel Group (CHG) announced the completion of the acquisition of JIA Shanghai by CHG’s co-founder Robert Roche. The transaction was announced as an all cash buyout for an undisclosed sum. Set in a 1920’s building in the heart of ...
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InterContinental Hotels Group PLC (IHG) announced the sale of the 383 room InterContinental Mark Hopkins San Francisco to a joint venture between affiliates of Woodridge Capital Partners and funds managed by Oaktree Capital Management L.P. for $120 million gross cash ...
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LOS ANGELES—Urban Commons, together with Brighton Management, announced today the purchase of the 333-room Sheraton Pasadena. The full-service hotel is located in the premier vacation and group/corporate meeting destination of Pasadena and is the only hotel directly adjacent to the ...
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NEW YORK—The Trump Organization announced the purchase of the Doonbeg Golf Club in County Clare, Ireland. The acquisition, which was highly sought after by many major hotel and golf companies, marks the 16th golf club in the Trump Portfolio and ...
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PROVO, Utah—Lodging Dynamics Hospitality Group announced its first acquisition through the company’s affiliated equity fund, LD Hotel Group I LLC. The fund is raising $60,000,000 to fund future acquisitions. The fund purchased its first hotel today, a 102-room Staybridge Suites ...
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Ashford Hospitality Prime Inc. announced that it has signed a definitive agreement to acquire the 415-room Sofitel Chicago Water Tower for a total consideration of $153 million in cash ($369,000 per key). The company expects to close the acquisition in ...
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