View news on all types of hotel/lodging assets including flagged and unflagged, extended stay, resorts and other properties at HotelWorld Network.
 | Newswire
Starwood Hotels to open first dual-branded ski resort complex in China 21 May, 2012
Starwood Hotels & Resorts Worldwide Inc. has announced that it will open its first dual-branded ski resort complex in Changbaishan, China later this year. The Westin Changbaishan and Sheraton Changbaishan Resort will open in August 2012, adjacent to the slopes of Changbai Mountains, one of...More>>
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 | Newswire
London's St. Ermin’s Hotel put on the market 21 May, 2012
St. Ermin’s Hotel in Westminster is for sale after global fund manager Angelo Gordon and hotel manager Amerimar put the hotel on the market to cash in on investor demand for hotel assets in London. Jones Lang LaSalle Hotels will manage the sale. "London hotels have recorded the highest RevPAR...More>>
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 | Newswire
Central America becomes target for major hotel investments 21 May, 2012
ITCM reports that several major international companies are investing on new hotels in Central America, including AM Resorts, Hard Rock, Trust Hospitality and Hilton Worldwide. AM Resorts is investing $125 million in a new hotel on El Jobo beach, in Guanacaste (Costa Rica), expected to open by late...More>>
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 | Newswire
Investors look to South Korea for hotel investment 21 May, 2012
Investors are eying South Korea for potential hotel investment as more tourists are increasing the demand for hotel rooms. More than 10.8 million are expected to visit Seoul this year, needing at least 43,000 hotel rooms, according to the Seoul Metropolitan Government. The number of available hotel...More>>
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 | Newswire
Qatar group acquires Chicago's Radisson Blu Aqua Hotel 21 May, 2012
One of the newest and most design-driven hotels in the U.S. now has a new owner. Qatar's Al Faisal Holding Company has acquired the 334-room Radisson Blu Aqua Hotel in Chicago from Carlson Rezidor Hotel Group through Seldar Holdings, the North American investment and business development arm of Al...More>>
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 | Newswire
In South Florida, condo-hotels make a comeback 21 May, 2012
In South Florida, condo-hotels are back in vogue and in favor with developers as the economy improves.More>>
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 | Newswire
Amanresorts' owner selling land to pay down debt 18 May, 2012
DLF, the owner of the Amanresorts chain and India's biggest real estate firm, is looking to offload non-core assets to pare debt, The Times of India reports. It has received offers of Rs 2,900 crore for its 17-acre plot in Mumbai's Lower Parel area. Mumbai-based builder Lodha Group and U.S. private...More>>
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 | Newswire
LaSalle Hotel Properties closes on $177.5M term loan 18 May, 2012
LaSalle Hotel Properties has closed on its new $177.5-million term loan. The seven-year term loan matures on May 16, 2019. The term loan was swapped to a fixed interest rate for the full seven-year term. The term loan's interest rate will be 3.87 percent when the REIT's leverage ratio is between...More>>
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 | Newswire
Germany remains Europe's strongest investment market for new hotel projects 18 May, 2012
According to Top Hotel Projects, Germany is set to absorb more than 54,000 new hotel rooms, which will put further pressure on the performance of the 16,000 already existing hotels in Germany. Over the next three to four years, more than 380 hotels will open their doors in Europe’s largest...More>>
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 | Newswire
Loan deal for stalled Ritz-Carlton, Rancho Mirage extended 18 May, 2012
The Rancho Mirage city council has given a conditional extension to a $20-million loan deal with the developers of the stalled Ritz-Carlton hotel, My Desert reports. The loan had been set to expire June 1. The new agreement extends it to June 25, and if developer Rancho California Investments pays...More>>
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