 | Newswire
Laurus dips into D.C. again with Beltsville, Md., Sheraton acquisition 18 Jun, 2013
The Washington Business Journal reports that Los Angeles-based private real estate investment and development firm Laurus Corp. has acquired the Sheraton Washington North Hotel in Beltsville, Md. The nine-story, 207-room hotel has 5,410 square feet of meeting space. The acquisition is Laurus'...More>>
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 | Newswire
Interstate expands JV with Orlando Sheraton acquisition 18 Jun, 2013
Interstate Hotels & Resorts announced its sixth acquisition with Waramaug Hospitality and a private investment group of the 382-room Sheraton Orlando North Hotel. Hospitality Funding advised the buyer group on the transaction. The hotel, managed by Interstate under a long-term agreement, will...More>>
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 | Newswire
Four Points by Sheraton unveils global pipeline 11 Jun, 2013
The brand reached its 175th hotel in 2013 with the openings of Four Points by Sheraton Manhattan (Manhattan, Kansas, US), Four Points by Sheraton Riyadh (Riyadh, Saudi Arabia), Four Points by Sheraton Ahmedabad (Ahmedabad, India) and Four Points by Sheraton Kecskemet (Kecskemet, Hungary).More>>
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RockBridge, TPG pay $60 million for Chicago Westin 5 Jun, 2013
The Chicago Westin North Shore in Wheeling, Il., is being purchased for $60 million by Columbus, Ohio-based Rockbridge Capital and Cranston, RI.-based TPG Companies, which plan to spend another $5 to $6 million on renovations, according to an attorney representing the buyers. Lenders had taken...More>>
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Le Meridien announces $200M renovation strategy for MEA portfolio 4 Jun, 2013
Le Meridien recently announced 10 new hotel openings over the next year. The 13 Le Meridien hotels and resorts completing or currently undergoing renovations include: Le Méridien Al Aqah Beach Resort (Fujairah, United Arab Emirates); Le Méridien Al Khobar (Saudi Arabia); and Le Méridien Dubai;...More>>
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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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Starwood plans to grow by 50 percent in Latin America 16 May, 2013
Starwood plans to open an average of seven hotels a year during the next five years because of the region's reputation as a fast-growing hotel and travel market. The company currently has 72 hotels open in 13 Latin American countries with a total of 15,600 guestrooms.More>>
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 | Newswire
Westin opens sixth property in India 14 May, 2013
Located in the business district of Chennai in the Southern part of India, The Westin Chennai Velachery is the sixth Westin hotel in India and the first out of seven new Westin hotels expected to open in 2013 across Asia Pacific.More>>
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Rocco Yim, Yabu Pushelberg design W Guangzhou in China 14 May, 2013
W Hotels Worldwide opened the W Guangzhou, the first W Hotel in mainland China, and the 44th W Hotel globally. The company has plans to more than double its current footprint of nine hotels to nearly 20 over the next five years.More>>
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Wilson Associates collaborates with dash design on W New York - Union Square redesign 9 May, 2013
The property underwent a $15-million renovation, part of the W brand's $100 million renovation of more than 11 of its properties across North America. It includes a full re-design of the hotel's 270 guestrooms and top suites, W Living Room, Todd English's Olives New York and destination bar Lilium...More>>
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