• Issue 1055

Lowry sold

 

Rocco Forte has sold his Lowry hotel in Manchester for an estimated GBP40m. The property has been bought by Westmont Hospitality and Mount Kellett Capital Management, reports the Manchester Evening News.

 

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Morgans looks for deal

 

The board of Morgans Hotel Group has asked Morgan Stanley to open discussions with potential suitors, partners or buyers for the group. A special transaction committee will report back when there is any progress to pass on to stockholders. 

 

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W for Brisbane

 

Starwood has signed to open a W branded hotel in Brisbane. Developer Shayher Leisure Holdings will have the 305 room hotel ready to open in early 2018, as part of a larger mixed development. 

 

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Fibra buys

 

Mexican reit Fibra Inn has added six hotels to its portfolio in a PS431.8m deal. Two of the properties are under a domestic brand, Casa Grande, while four are flagged with Wyndham’s Microtel Inn & Suites brand. 

 

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