The 127-room hotel is scheduled to open in April 2019, and is expected to create 27 new jobs.
The Philippines' first Radisson Red will be developed in the new Astra Centre mixed-use development in Mandaue City, Cebu.
JLL arranged the sale of the 297-room property to Ashford Hospitality Prime on behalf of SLAB.
The owner and manager of 10 F&B venues, most of which are located at hotels, has a number of new deals in the works.
The Scottish hotel market saw investment rise 90.3 percent year-on-year to £105.85 million in the first quarter of 2018, according to Savills.
Hilton and UA Hotel signed a management agreement to open the Hilton Garden Inn Umhlanga Arch in Umhlanga, Durban.
AccorHotels' nine new signings in the first quarter of 2018 allowed the group's portfolio to reach more than 300 hotels in the MENA region.
Sunway Hotels & Resorts, a subsidiary of Malaysia's Sunway Group, appointed Andre Scholl as the company's new CEO.
Indian Hotels' Taj Hotels Resorts and Palaces will enter the Saudi Arabian market in January 2023 with a 340-room property in Makkah.
If LaSalle ends up accepting Pebblebrook's revised proposal, it may come down to one CEO conceding to the other. But is private equity in play?