• Issue 1150

Shiva sells two

Shiva Hotels is selling a pair of Ramada branded hotels in Manchester and Birmingham. Both properties are being sold free of brand ties, with a combined GBP22m price tag.

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Auction.com heads for hotels

Online transaction site Auction.com has set up a new division to grow its hotel sales business. The web-based service sold 76 hotels last year, and has attracted bidders from over 100 countries since its 2007 launch.

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UK deals up 90%

Hotel transaction volumes in the UK were up 90% in 2014, an eight year high. An impressive GBP4.3bn of sales were recorded through the year, reports Knight Frank.

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Strategic buys

Strategic Hotels has paid USD360m for the 250 room Montage Laguna Beach hotel in California. It will continue to be run by Montage Hotels & Resorts as a Forbes Five-Star resort.

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