China's Jubao Xie has put the 50-story Holiday Inn Manhattan-Financial District for sale for an undisclosed price.
The transaction is anticipated to close by the end of January 2018, at which time Interstate will begin managing the hotels.
Looking back at Expedia’s performance in 2017, more of the same—but faster—isn’t looking like a bad approach for the coming year.
The Rezidor Hotel Group is bringing six new hotels with more than 1,000 guestrooms to Poland, Cameroon, Georgia, Saudi Arabia and Lebanon.
The new Palm360 tower, developed by Nakheel, will operate under the Raffles brand once it opens in 2021.
At this year’s RLH Corporation brand conference in Las Vegas, much of the discussion centered on steps the company is taking to counter customer confusion.
Hilton Worldwide expanded its flagship brand by adding another location in Denver. Colo.
The resort opened in the mid-1950s and had been owned and operated by GEM Hospitality Group since 2006.
The partnership includes the new Hampton Inn & Suites Clearwater Beach, the Quality Hotel Beach Resort and the Coconut Cove All-Suite Hotel.
In a A$43-million deal, Singapore's Chip Eng Seng has acquired Mercure & Ibis Styles Grosvenor in Adelaide, Australia.