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St. Augustine's Historic Casa Monica Hotel First to Join Marriott's Autograph Collection
Earlier this year, Marriott introduced the Autograph Collection brand, as a group of independent hotels and resorts representing upper-upscale and luxury properties with distinctive personalities. To launch the Autograph Collection, Marriott has partnered with Kessler, a renowned hotelier and avid art collector, whose independent properties are widely regarded as inspiring and unique. Six additional Kessler hotels are scheduled to join the Autograph collection through the end of April. ...more
Starwood Capital-Led Consortium Reaches Agreement to Invest Up to $905 Million in Extended Stay Hotels
Starwood Capital Group, TPG Capital and Five Mile Capital Partners announced today that they have reached an agreement to invest up to $905 million in Extended Stay Hotels, Inc. as part of a recapitalization plan that would allow the hotel chain to emerge from bankruptcy. ...more
Interstate Completes Merger with Joint Venture Between Thayer Lodging Group and Jin Jiang Hotels
Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor, today announced the completion of the merger with Hotel Acquisition Company, LLC, a 50/50 joint venture between subsidiaries of Thayer Hotel Investors V-A LP, a private equity fund sponsored by Thayer Lodging Group, and Shanghai Jin Jiang International Hotels (Group) Company Limited. ...more
Aloft Hotels Eyes Global Expansion in 2010: Openings Includes Brussels, Bangalore - and Brooklyn
Aloft(R) Hotels this week announced expansion plans for key global markets from Brussels to Bangalore - and one of Aloft's first New York City properties, in downtown Brooklyn. ...more
Wyndham Hotels and Resorts Expands in China in 'Grand' Style
Wyndham Hotels and Resorts today announced its expansion in China with the addition of three luxury hotels in the key markets of Shanghai, Changsha and Hangzhou. ...more
Settlement Agreement Approved in New Jersey MGM MIRAGE to Sell Interest in the Borgata Hotel & Casino
MGM MIRAGE (NYSE: MGM) today announced that the New Jersey Casino Control Commission (CCC) approved the settlement agreement between the Company and the New Jersey Division of Gaming Enforcement (DGE) under which the Company will sell its 50% ownership interest in the Borgata Hotel Casino & Spa and related leased land in Atlantic City. ...more
Best Western Signs First Premier Hotel in Philippines
Best Western International and Unibuilt Real Estate Corporation have signed an agreement which will further boost the chain’s presence in the Philippines and at the same time introduce the Best Western Premier brand to the destination. ...more
Sandos Hotels & Resorts Acquires Le Meridien Cancun Resort & Spa
Sandos Hotels & Resorts, with two resort complexes on the Riviera Maya, Mexico, is increasing its portfolio with the acquisition of Le Meridien Cancun Resort & Spa, located in the heart of the Cancun hotel zone. ...more
Fairmont Announces New Hotel Development Overlooking the Caspian Sea
Fairmont Hotels & Resorts and Azinko Development M.M.C. today announced the signing of their agreement for Fairmont to manage a new 347-guestroom luxury hotel property in the sparkling coastal city of Baku, Azerbaijan. ...more
The St. Regis Bal Harbour Resort Reaches Major Development Milestone
Miami’s Highly Anticipated Oceanfront Resort and Residences Celebrates Topping Off ...more
Four Points by Sheraton Set to Debut Sixteen Properties on Three Continents
A billion-dollar rejuvenation continues to pay off for Four Points by Sheraton, which today unveiled a global pipeline that is set to ramp up its portfolio by 16 properties in 2010. Four Points currently operates 148 hotels in 24 countries. ...more
Accor Readies Vietnam Expansion
Accor announced its strategic expansion plans for Vietnam. This plan includes additional hotels within the Novotel, Mercure hotel brand, launching of the ibis brand and MGallery label and the ambitious goal of doubling the number of rooms under management in the Vietnam by 2012. ...more
Interstate Stockholders Approve Merger
Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor and the nation’s largest independent hotel management company, today announced that its stockholders approved, at a special meeting held today, the merger agreement by which Interstate will be acquired by Hotel Acquisition Company, LLC. ...more
Nevistas Offers Hotel Sale Leaseback Financing Program for Flagged Hotels
A financing alternative that frees up capital allowing the owner to invest back into the same or different business. ...more
Westgor Sells Franchised Hotel in Central Wisconsin
Westgor & Associates, Inc., charter member of Hotel Brokers International, announces the sale of the 60 unit Americas Best Value Inn located in Stevens Point, Wisconsin, to Shree Laxmi Naryam. Jeff Westgor, CHB, President of Westgor & Associates Inc., represented the seller – US Assets. Financing was an SBA 7A loan. ...more
Marriott International Plans Two More Hotels for Tianjin, China
Third Renaissance and first Marriott Executive Apartments properties are scheduled to open in Tianjin later this year ...more
Wyndham Vacation Ownership Executes First Fee-for-Service Timeshare Sales Model at Myrtle Beach, SC Property
Wyndham Vacation Ownership, a member of the Wyndham Worldwide family of companies (NYSE:WYN), today announced it has entered into an exclusive sales and marketing agreement with Towers on the Grove, LLC. ...more
Marriott Plans to Double Presence in Europe by 2015
As part of a global reorganization aimed at accelerating worldwide growth, Marriott International, Inc. plans to double its portfolio in Europe by 2015. Amy McPherson, president and managing director of Marriott International Europe, made the announcement today at the International Hotel Investment Forum. ...more
Starwood Announces Plans to Add 50 New Hotels in Europe, Africa and the Middle East by 2012 and Debuts Sheraton Brand in Slovak Republic
From the International Hotel Investment Forum (IHIF) in Berlin, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announces plans to open 50 new hotels in its Europe, Africa and Middle East (EAME) division by 2012. And with the recent opening of the Sheraton Bratislava Hotel - along with 13 additional hotels slated to open this year - the division is firmly on track to reach this goal. ...more
Terre Resort & SPA, New ARTEH® Hotel in Morocco
The fascinating Terre Resort & Spa, located in Marrakesh, is now an ARTEH® Hotel. ...more
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