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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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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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