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As Chinese Economy Slows, Acquisitions on the Rise

In the 1980s, Japanese companies began snapping up trophy properties in the United States, including the Rockefeller Center in New York and the Hotel Bel-Air in Los Angeles. Now, as China’s economy slows, companies like Anbang Insurance Group Co. are ...

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Alliance Acquires Wyndham Glenview Suites Chicago North

Alliance Acquires Wyndham Glenview Suites Chicago North

GLENVIEW, Ill.—Alliance Hospitality announced it has acquired the Wyndham Glenview Suites Chicago North hotel, located in Glenview, Ill. Rolf Tweeten, chairman of the board for Alliance Hospitality, made the announcement. The property will undergo a multi-million dollar renovation as Alliance ...

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Midas Hospitality Acquires Courtyard Clemson

Midas Hospitality Acquires Courtyard Clemson

SAINT LOUIS, Mo.—An investment group led by Midas Hospitality has acquired the 110-room Courtyard by Marriott-Clemson, S.C. for $16.5 million. St. Louis-based hotel owner, operator, and developer, Midas Hospitality, will manage the asset. The Courtyard by Marriott—Clemson, S.C. is located ...

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More Mergers, Acquisitions to Come in 2016

Following a year that saw major hotel companies wheeling and dealing toward a more consolidated marketplace, Reuters is expecting to see even more merger and acquisition (M&A) activity in the hospitality space in 2016. There are a number of drivers behind this activity, ...

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Related Group, Dezer Development Acquire Hyde Midtown Suites

Related Group, Dezer Development Acquire Hyde Midtown Suites

MIAMI—The sale of the Hyde Midtown 60-room hotel to a New York investor that already owns hotel properties in South Beach kicked off discussions at Hyde Midtown, where The Related Group and Dezer Development revealed the $30+ million acquisition of the property’s David Rockwell-designed hotel ...

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Carey Watermark Acquires Equinox Golf Resort & Spa

Carey Watermark Acquires Equinox Golf Resort & Spa

NEW YORK—Carey Watermark Investors (CWI 1) announced that it has acquired The Equinox Golf Resort & Spa, part of Starwood’s The Luxury Collection brand. The expansive, historic resort is located on 1,300 acres between the Green and Taconic Mountains in ...

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