Chatham acquires two hotels: Chatham Lodging Trust announced it has acquired the 81-room Residence Inn Boston (Dedham), Massachusetts, and is under contract to purchase the 105-room Residence Inn Fort Lauderdale Intracoastal/Il Lugano in Florida. The Fort Lauderdale transaction is expected to close in late August, following customary due diligence. Chatham is acquiring the two hotels from the Claremont Cos. for US$55.5 million, or approximately US$298,000 per room.
Latest volley in Aman dispute: Aman Resorts reportedly has sent a letter to all of its properties instructing staff to turn down any reservations made by Lalit Modi, who was once an advisor to Omar Amanat, Aman’s joint owner.
Eco-hotel, training facility planned for Mozambique: The Southern African Development Agency, in partnership with Lindner Hotels Real Estate and DEG – Deutsche Investitions und Entwicklungsgesellschaft, has revealed plans to develop a 200-room sustainable eco-hotel with an attached hospitality training academy in Mozambique as a pilot project for further real estate investments throughout the African subcontinent.
Read more at the Southern African Development Agency’s website