 | Newswire
Canadian developer plans to buy Ramada Plaza in Macon, Ga. 24 May, 2013
Macon.com reports that Canadian developer Sangha Hospitality plans to buy the Ramada Plaza in downtown Macon, Ga., for about $3 million. The 297-room hotel, which has changed ownership many times in the past years, after it is acquired will be converted to a Park Inn by Radisson. The sale is...More>>
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 | Newswire
The St. Regis San Francisco on market for $140 million 24 May, 2013
Starwood Hotels & Resorts, continuing its strategy to sell of assets, has put The St. Regis San Francisco on the market with an asking price of $140 million. That would be more than $530,000 per key for the 260-room hotel. More>>
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 | Newswire
Great Wolf Resorts buying Holiday Inn in Mass., to rebrand 23 May, 2013
Great Wolf Resorts is acquiring the Holiday Inn in Futchburg, Mass., along with the Coco Key Water Resort and convention center, and intends to expand the hotel's water park and convert the exposition center into additional hotel rooms and family recreation and entertainment space, according to the...More>>
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 | Newswire
Investor buys troubled Crowne Plaza Hotel in Colorado Springs 23 May, 2013
A company headed by Texas investor John Bushman has purchased the financially troubled Crowne Plaza Hotel for $14 million, with plans to switch it to his MCM Hotels chain and begin a major renovation, denverpost.com reports. The 500-room hotel will become the Hotel Elegante Conference and Event...More>>
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 | Newswire
Cairn Hotel Group in deal to rebrand hotels under IHG flags 23 May, 2013
Cairn Hotel Group plans to create 200 jobs as part of a refurbishment program of four hotels, which will subsequently be branded under the InterContinental Hotels Group umbrella. The hotels receiving the transformation are the Station Hotel in Aberdeen and The Bellhouse in Buckinghamshire, which...More>>
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 | Newswire
Temple Hotels acquires Alberta Holiday Inn Express for $15M 23 May, 2013
Temple Hotels, a real estate investment trust concentrating on Canadian hotel assets, has agreed to acquire the Holiday Inn Express Hotel & Suites in Sherwood Park, Alberta for $15.15 million. The four-storey 90-room hotel opened in 2004 and is located at the corner of Broadmoor Boulevard and...More>>
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 | Newswire
Chicago's Palmer House goes on sale, owner expects big payout 23 May, 2013
Chicago's second-largest hotel is being put up for sale, reports Crain's Chicago Business. And it's going to cost a tidy sum to acquire. Thor Equities, the owner of the historic 1,639-room Palmer House Hilton, is asking for as much as $500 million, $270 million more than it bought it for nearly...More>>
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 | Newswire
Hilton opens four properties in Darwin, Australia 23 May, 2013
Among the openings are DoubleTree by Hilton Darwin, DoubleTree by Hilton Esplanade Darwin, DoubleTree by Hilton Alice Springs and Hilton Darwin. Hilton Worldwide's area GM for the Northern Territory, Martin Kendall will have overall responsibility for all four hotels.More>>
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 | Newswire
Banyan Tree Chongqing Beibei to open in Chongqing, China 23 May, 2013
Banyan Tree Hotels and Resorts is set to be the first international hotel operator to launch a hot spring resort in Chongqing, China, utilizing the natural healing waters of the North Hot Springs. Banyan Tree Chongqing Beibei will open to guests in the summer of 2013.More>>
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 | Newswire
Grand Kempinski Hotel Shanghai announced 23 May, 2013
Kempinski Hotels signed an agreement with Shanghai Suncuba to take over the management of the Gran Meliá Hotel Shanghai in Pudong, Shanghai. Opened in February 2010, the hotel was rebranded as Grand Kempinski Hotel Shanghai, and it became the group’s 18th property in China. More>>
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