TIN Hotels Announces Hotel in Lhasa, Tibet

Date: March 2018 Location: Lhasa, Tibet – TIN Lhasa will be located close to tourist attractions such as Jokhang Temple, Barkhor Square and Potala Palace. Name: TIN Lhasa – opening 2020 No. of Keys: To be announced Developer: TIN Hotels International Group Ltd, the joint venture between General Hotel Management Ltd (GHM) – three hotels under the…

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Siegel Group Buys Four Extended Stay Properties

Date: March 2018 Location: Albuquerque, New Mexico; Tucson, Arizona; Memphis, Tennessee and Bossier City, Louisiana. Name: Crossland Economy Studios, with 60 locations across the USA. No. of Keys: 500 Seller: Crossland Economy Studios, part of HomeTowne Suites and Studios, sold by Extended Stay America in 2015 for around US$290m. Buyer: Siegel Group – increases their number of…

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ICAMAP Takes easyHotel Majority Stake and Eyes Expansion

Date: March 2018 Location: 26 hotels and nearly 2,350 rooms in European major cities. Name: easyHotel Seller: easyHotel – the “super-budget” hotel chain which was created by Sir Stelios Haji-Ioannou, the founder of easyJet, in 2004. At the end of the placing, easyGroup Holdings Ltd and other parties acting in concert with Sir Stelios Haji-Ioannou,…

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HR Group of Germany Buys 5 Hotels for €100m

Date: March 2018 Location: Frankfurt – Sulzbach, Bad Neuenahr, Hannover, Bottrop, Flensburg Name: Dorint (2), Arcadia (2) and Best Western.. The purchase involves the Dorint Hotel Main-Taunus-Zentrum in Sulzbach (Hesse), the Dorint Parkhotel Bad Neuenahr, the Arcadia Hotels in Hanover and Bottrop and the Best Western Hotel Flensburg.

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