kkr
Marriott International and KKR To Launch Midscale Hospitality Segment in Japan With Four Points Express by Sheraton
Marriott International | May 7, 2024
Marriott International, Inc. (Nasdaq: MAR) and KKR, a leading global investment firm today announced the launch of each company’s foray into the midscale hospitality space in Japan, which follows KKR’s completion of the acquisition of Unizo Hotel Company, Limited and a portfolio of 14 hotels in Japan from Unizo Holdings. The 14 hotels will be converted to Four Points Express by Sheraton. This marks Marriott’s entry into the affordable midscale segment in Japan and the brand’s debut in Asia Pacific following its global launch in this space in 2023. The portfolio of 14 hotels is located in major tourist destinations in 10 cities acr...
Whitestone Companies Purchases Five Hotels From KKR Adding 612 Guestrooms to Portfolio
July 6, 2023
Columbus, OH – July, 6, 2023 – Today Whitestone Companies announced the purchase of five hotels from KKR totaling 612 guestrooms. The hotels include: the Hilton Garden Inn Colorado Springs, Homewood Suites Colorado Springs, Homewood Suites Princeton, Homewood Suites Cleveland, and Courtyard West Palm Beach Airport. “Today is a great day,” said Jay Batra, Chief Executive Officer of Whitestone Companies. “We are excited to add these new properties to our growing portfolio. I would like to thank all the people who put in an incredible amount of work to make this deal happen.” Whitestone Companies is a real estate investment com...
Whitestone Companies Purchases Five Hotels From KKR Adding 612 Guestrooms to Portfolio
June 26, 2023
Columbus, OH – June 26, 2023 – Today Whitestone Companies announced the purchase of five hotels from KKR totaling 612 guestrooms. The hotels include: the Hilton Garden Inn Colorado Springs, Homewood Suites Colorado Springs, Homewood Suites Princeton, Homewood Suites Cleveland, and Courtyard West Palm Beach Airport. “Today is a great day,” said Jay Batra, Chief Executive Officer of Whitestone Companies. “We are excited to add these new properties to our growing portfolio. I would like to thank all the people who put in an incredible amount of work to make this deal happen.” Whitestone Companies is a real estate investment com...
KKR and Gaw Capital Acquire Hyatt Regency Tokyo From Odakyu Electric Railway Company
KKR | March 28, 2023
TOKYO--KKR, a leading global investment firm, and Gaw Capital Partners (“Gaw Capital”), a leading real estate private equity firm, today announced the signing of definitive agreements under which funds managed by KKR and Gaw Capital will acquire Hyatt Regency Tokyo (or “the Hotel”), an iconic luxury hotel located at the heart of Tokyo, from Odakyu Electric Railway Company. Built in 1980, the Hyatt Regency Tokyo is a 746-room luxury hotel located in Shinjuku, one of Tokyo’s busiest business and retail districts, and adjacent to the Tokyo Metropolitan Government headquarters. The hotel sits in a prime location, among large-scale Cl...
Hospitality Properties Trust Acquires Radisson Blu Minneapolis Downtown From KKR
Hospitality Properties Trust | June 18, 2018
Minneapolis (June 18, 2018) - Radisson Hotel Group™ today announced that its longtime partner, Hospitality Properties Trust (HPT) a real estate investment trust, has acquired the Radisson Blu Minneapolis Downtown in a sale from an affiliate of KKR. The hotel was acquired by KKR in June of 2014 and converted to Radisson Blu following a multimillion-dollar renovation. The hotel features over 360 sophisticated rooms, 29,000 square feet of flexible meeting and event space, 24-hour business center, Business Class Lounge, and the FireLake Grill House & Cocktail Bar. The Radisson Blu Minneapolis Downtown becomes the ninth property ow...
KKR, Dunas Capital and Alua Hotels & Resorts Partner to Acquire Intertur Hotels and Its Portfolio of Four Hotels in Balearic
KKR | May 9, 2017
KKR and Dunas Capital signed an agreement to acquire the Intertur hotels The portfolio of 1,119 rooms in Mallorca and Ibiza will be managed by Alua Hotels and Resorts ("Alua") and marketed under the Alua brand from 2018 onwards The investment underlines KKR's strong interest in leisure hotels in Southern Europe LONDON--(May 09, 2017)--KKR, a leading global investment firm, the asset manager Dunas Capital and the hotel group Alua Hotels & Resorts today announced an agreement to acquire and manage the Intertur Hotels group. Intertur Hotels is a prominent hotel group in the Balearic, with two assets in Mallorca (Palma Nova area), ...
KKR and KSL to Acquire Apple Leisure Group from Bain Capital Private Equity
Apple Leisure Group | December 13, 2016
PHILADELPHIA-- Apple Leisure Group, a leading hospitality company, today announced that KKR and an affiliate of KSL Capital Partners (KSL) have entered into a definitive agreement to acquire the company from Bain Capital Private Equity. Financial terms of the transaction were not disclosed. Apple Leisure Group is North America's top seller of all-inclusive vacation packages, with a vertically integrated business model that leverages its capabilities and expertise to deliver exceptional value to travelers, and distribution reach and resort management expertise for hotel owners. Apple Leisure Group's collection of leading subsidiaries inc...
CoastWood Capital Group, Chartres Lodging Group and KKR to Open Hyatt Centric Waikiki Beach in the Former Waikiki Trade Center
CoastWood Capital Group, LLC | July 15, 2016
HONOLULU, July 15, 2016 -- CoastWood Capital Group, Chartres Lodging Group and KKR today announced plans to open Hyatt Centric Waikīkī Beach in the former Waikīkī Trade Center. The new hotel is slated to open this winter and will offer modern accommodations including 230 upscale, oversized rooms and suites with state-of-the-art amenities, spa-like bathrooms, and signature services. "We're pleased to bring this exciting Hyatt Centric hotel to the State of Hawai'i," said Cordell Lietz, President, CoastWood Capital Group. "We're confident that the new Hyatt Centric Waikīkī Beach, coupled with its central lo...
