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.
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.
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.
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.