Sultan of Brunei reportedly bids $2 billion for Pierre Hotel, threatening IHCL's Taj brand management contract. Plus other hotel deal and development news.
Recent openings in Hong Kong, Qingdao, and Osaka have seen Hilton surpass 160 trading hotels across its luxury and lifestyle categories in Asia Pacific. (Minus one that got torched in Kathmandu and needs repairs.) Plus, more hotel deal and development news.
Canada's domestic visitor spending is projected to grow more than 8.3%, more than double the year-on-year growth from last year. Plus, hotel deals and development news.
Braemar Hotels & Resorts Inc. has closed on the previously announced sale of the 369-room Marriott Seattle Waterfront in Seattle, Washington, for $145 million. Plus, other hotel news.
Virgin Hotels has sold its 250-room hotel in Chicago to a firm specializing in converting properties into timeshare investments. Plus more hotel deals and development news.
Truman and Marriott International, Inc. announced plans to open three hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel on Stampede Park.
In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel.