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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

On July 10, InterContinental Hotels Group announced it agreed to sell ownership interest in InterContinental Hong Kong to Supreme Key Limited, a consortium of investors advised and managed by Gaw Capital Partners, for $938 million. Supreme Key Limited expects to ...

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The Developing Story: Miami

The Developing Story: Miami

Miami has long been known for its white sand beaches, high-energy nightclubs, and Latin-infused culture. More recently, the Magic City has become even more captivating, from its burgeoning celebrity chef scene to its contemporary art boom. Leisure accounts for 75 ...

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Wyndham Expands China Portfolio with New Signings

Wyndham Expands China Portfolio with New Signings

SHANGHAI—Building on the recent openings of the 232-room Wyndham Grand Shenzhen and the 390-room Wyndham Chongqing Yuelai, Wyndham Hotel Group has announced plans to expand its China portfolio with the signing of three new Wyndham Hotels and Resorts properties. The ...

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Palisades Hospitality Group Buys Colony Palms Hotel

Palisades Hospitality Group Buys Colony Palms Hotel

PALM SPRINGS, Calif.—Palisades Hospitality Group (PHG) and CovoCapital, a boutique real estate investment company based in San Francisco, announced they have purchased the Colony Palms Hotel. PHG will operate the Colony Palms under its hotel subsidiary. Other hotels in this ...

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