Hotel Acquisition News
Destination Announces Third New Property in Three Weeks
Destination Hotels & Resorts have announced that they are to Manage The Villas at Snowmass Club in Colorado.
Park Plaza Hotels strengthens its position in the United Kingdom
Park Plaza Hotels is pleased to announce that it has successfully acquired Park Plaza Leeds and Park Plaza Nottingham. Until this acquisition both hotels were operated under management agreements.
WorldHotels boosts presence in Japan with four new hotels
RIGHA Royal Hotels in Osaka, Tokyo, Kyoto and Hiroshima join the group
WYNDHAM HOTEL GROUP TO ACQUIRE TRYP HOTEL BRAND FROM SOL MELIÁ
Wyndham Worldwide (NYSE: WYN) today announced that its Wyndham Hotel Group business unit has agreed to acquire the Tryp® hotel brand from Sol Meliá Hotels & Resorts.
Candy brothers eye London’s Grosvenor
The battle to buy London’s Grosvenor House hotel is hotting up with news that the Candy brothers, property developers to the super-rich and famous, have entered the arena with backing from an Asian financial house. The brothers are also eyeing up a serviced apartment block next door, which they would combine with the hotel to create a giant luxury residential scheme.
Plans to convert Broadmoor into a hotel
Broadmoor psychiatric hospital, home to some of the UK’s most dangerous criminals including the Yorkshire Ripper, could be sold to developers and converted into a luxury hotel.
IFA Hotels raises South African interests
IFA Hotels & Resorts has strengthened its interests in South Africa by acquiring a further 5.25% in Boschendal Limited, increasing its stake to 37.33%.
Starwood Signs an Agreement to Sell the W San Francisco for $90 Million
Starwood Hotels & Resorts Worldwide, Inc. announced today that the Company has signed an agreement to sell the W San Francisco for $90 million to Keck Seng Investments (Hong Kong) Limited, a hotel investment and property development company listed on the Hong Kong stock market.