Quantcast
Rooms Hotels

Global Wealth Funds Buy ‘Trophy’ Hotel Properties Away From Big Brands

Excerpt from Hotel News Now

Feb 26, 2014 12:00 pm

Skift Take

The impact of these, and larger future investments, could change the face of hospitality in the U.S. and abroad as the culture and labor expectations of executives and decision-makers changes up top.

— Samantha Shankman

Free Report: The State of Chinese Outbound Market Travel

Free Report: Social Media Trends for Tourism Boards

St. Regis Ball Harbor

Qatar-based Al Rayyan Tourism Investment Company purchased the St. Regis Bal Harbour Resort in Miami from Starwood Hotels for $213 million. St. Regis Ball Harbor


Global sovereign wealth funds and high-net-worth individual investors are steadily acquiring big-ticket hotel “trophy” assets around the world, and experts say the trend is likely to continue. While Middle Eastern investors have had the strongest presence recently among such buyers, cash-laden investors are now emerging from China to Norway to Latin America.

Major players such as Starwood Hotels & Resorts Worldwide and Marriott International have sold multiple luxury properties to overseas buyers in recent months, particularly Middle Eastern individual investors and sovereign wealth.

Read the Complete Story →

Next Up

More on Skift

Tug of War Over Club Med Continues As Chinese Firm Outbids Italian Rival
Booking.com Paid Refunds to 10,000 Fraud Victims
Skift Business Traveler: Kimpton Hotels Under InterContinental
Watch This Free Webinar on Using Twitter to Increase Travel and Tourism