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1. Hilton to Sell Morgan Stanley Real Estate 10 Hotels in Continental Europe
Hilton to Sell Morgan Stanley Real Estate 10 Hotels in Continental Europe. Hilton Hotels has signed an agreement to sell up to 10 hotels (approx. 3,330 rooms) to a fund managed by Morgan Stanley Real Estate for approximately €566 million (or approximately US$770 million). Assuming completion of the sale of all 10 hotels, net proceeds after property level debt repayment (approx. €41
2. Starwood and Morgan Stanley Real Estate to acquire Sheraton Grande Tokyo Bay Hotel
Starwood and Morgan Stanley Real Estate to acquire Sheraton Grande Tokyo Bay Hotel. Starwood Hotels & Resorts and a fund managed by Morgan Stanley Real Estate have entered into a definitive joint venture agreement to acquire the Sheraton Grande Tokyo Bay Hotel from Taisei Corporation Group, with a closing of the acquisition expected before the end of March 2007. The fund, managed b
3. André Martinez to Chair 11th International Hotel Investment Forum in Berlin
André Martinez to Chair 11th International Hotel Investment Forum in Berlin. Martinez has over 25 years of experience working in the lodging industry prior to joining Morgan Stanley in 2006, including high level positions at Accor and Le Meridien Hotels. Morgan Stanley is one of the largest real estate investors amongst Wall Street firms and under his direction has become one of th
4. Hilton signs Third New Hotel on Hainan Island
Hilton signs Third New Hotel on Hainan Island. Hilton has signed an agreement with Hainan Agile Real Estate Development, a joint venture between Agile Property Holdings and funds managed by Morgan Stanley, to manage the Hilton Qing Shui Bay Resort & Spa, a 500-room property on China’s tropical island of Hainan. Panorama Hospitality, a wholly owned unit of Morgan Stanley, advised th
5. Marque Hotel Portfolio sells for $72 million
Marque Hotel Portfolio sells for $72 million. The Grand Hotel Group’s four star Marque Hotel portfolio has sold for a combined value of $72 million. Mr Mark Durran, Executive Vice President, Jones Lang LaSalle Hotels negotiated the sale of the three freehold investment hotels to two separate buyers on behalf of GHGs new owners Morgan Stanley and Tuan Sing.
6. Gold Coast hotel rebrands to Crowne Plaza Royal Pines Resort
Gold Coast hotel rebrands to Crowne Plaza Royal Pines Resort. The Gold Coast’s iconic Royal Pines Resort hotel today became the Crowne Plaza Royal Pines Resort following completion of last month’s agreement between InterContinental Hotels Group and Morgan Stanley’s MSREF fund. Unveiling the hotel’s new Crowne Plaza signage at today’s event to mark the changeover, InterContinental H
7. IHG to establish Crowne Plaza brand at iconic Royal Pines Resort in Australia
IHG to establish Crowne Plaza brand at iconic Royal Pines Resort in Australia. InterContinental Hotels Group is adding another Crowne Plaza hotel to its Australian portfolio, following completion of a franchise agreement with Morgan Stanley’s MSREF Fund to rebrand the hotel at the iconic Royal Pines Resort on Queensland’s Gold Coast.
8. Jones Lang LaSalle Hotels sells ANA 13-hotel portfolio in Japan for USD2.36 billion
Jones Lang LaSalle Hotels sells ANA 13-hotel portfolio in Japan for USD2.36 billion. Jones Lang LaSalle Hotels as joint advisor to All Nippon Airways, has sold ANA’s 13 owned and leased hotels in Japan to Morgan Stanley Real Estate Fund for JPY281.3 billion (approximately US$2.36 billion).

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