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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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KSL Officially Closes on Outrigger Acquisition

KSL Officially Closes on Outrigger Acquisition

WAIKIKI, HAWAII—The Kelley family and KSL Capital Partners, LLC (KSL) announced today that an affiliate of KSL has completed the acquisition of Outrigger Hotels and Resorts (Outrigger). The sale includes all of Outrigger’s holdings, including its portfolio of 37 multi-branded ...

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Hong Kong Company Buys Baha Mar

Hong Kong Company Buys Baha Mar

NASSAU, Bahamas—Chow Tai Fook Enterprises Limited (CTFE), a leading Hong Kong-based global conglomerate with a diversified business portfolio—including extensive hospitality experience with resort and mixed-use developments worldwide – today announced it has signed an agreement to own and operate Baha ...

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AccorHotels Invests in Banyan Tree Holdings

AccorHotels Invests in Banyan Tree Holdings

AccorHotels has entered into a heads of agreement with Banyan Tree Holdings. Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree-branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global ...

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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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