Articles tagged “real estate”

Canada’s Hotel Owners Are Looking to Grow in the U.S. as Prices Rise at Home

Canada’s Hotel Owners Are Looking to Grow in the U.S. as Prices Rise at Home

Natalie Wong, Bloomberg

InnVest owns one of Canada's largest hotel portfolios, including the Trump International Hotel & Tower in Toronto. As prices rise in Canada, the company is now targeting the U.S. for growth.

1 month ago

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Gillian Tan, Bloomberg

Mergers and acquisitions between hotel brands was just the start. Expect to see more mergers take place between the hotel owners and real estate investment trusts going forward.

4 months ago

Blackstone Has Its Eye on Hotel Assets It Sold to Anbang

Blackstone Has Its Eye on Hotel Assets It Sold to Anbang

Bloomberg

Blackstone has its eyes on the assets it sold, and knows it can now get them at a fraction of the cost if it wants them. Not a bad position to be in.

6 months ago

Hyatt Heir Teams Up With Chinese Auto Giant to Invest $1 Billion in Hotels

Hyatt Heir Teams Up With Chinese Auto Giant to Invest $1 Billion in Hotels

Nadja Brandt , Bloomberg

Pritzker, like other wise investors, is buying hotel real estate while brands shed it. There's likely a lesson in here.

3 years ago

Hilton Spends the Money It Made on Waldorf Astoria to Buy 5 New Hotels

Hilton Spends the Money It Made on Waldorf Astoria to Buy 5 New Hotels

Andrew Blackman, Bloomberg

Hilton's not getting out of the brick and mortar property owning business, it's just making the most off of New York City's inflated real estate market.

4 years ago

Chinese Group Buys New York’s Still Unopened Baccarat Hotel

Chinese Group Buys New York’s Still Unopened Baccarat Hotel

Nadja Brandt , Bloomberg

A smart man would bet that there may be a few too many luxury properties in New York City's hotel pipeline.

4 years ago

Thanks to Waldorf Property Sale, Hilton Has Nearly $2 Billion to Spend

Thanks to Waldorf Property Sale, Hilton Has Nearly $2 Billion to Spend

Nadja Brandt , Bloomberg

We're still not sold on the wisdom of asset light, despite the cash it clears up.

4 years ago

Waldorf Astoria Purchase Is China’s Largest Investment in U.S. Real Estate

Waldorf Astoria Purchase Is China’s Largest Investment in U.S. Real Estate

David M. Levitt, Bloomberg

If your purchase can be described as "the most ever spent" then you most certainly spent too much. Hilton's shareholders should be pleased with this sale.

4 years ago

Accor Acquires Two European Hotel Portfolios for $1.23 Billion

Accor Acquires Two European Hotel Portfolios for $1.23 Billion

Neil Callanan, Bloomberg

We like watching Accor's asset-heavy strategy play out across Europe while other brands shed their real estate.

4 years ago

3-Time Winner of TripAdvisor’s Dirtiest Hotel in the World Is up for Sale

3-Time Winner of TripAdvisor’s Dirtiest Hotel in the World Is up for Sale

The Daily Telegraph

The biggest downside of the new, friendlier TripAdvisor has been the demise of their 'worst' lists.

4 years ago

Dubai’s Stocks Are at Highest Point Since 2008 as Property Sector Recovers

Arif Sharif, Bloomberg

It will be nice if this boom means the enthusiastic emirate avoids novelty real estate projects that try to up the ante on luxury hotel properties or attract foreign buyers of vacation homes.

5 years ago

Starwood wants to sell its three hotels near Philadelphia’s airport

Suzette Parmley, The Philadelphia Inquirer

The Philadelphia airport hotels aren't marquee properties in Starwood's quiver, but the latter's willingness to put the hotels up for sale speaks to the desire for hotel companies to rid themselves of real estate and focus on management.

5 years ago