Sultan of Brunei reportedly bids $2 billion for Pierre Hotel, threatening IHCL's Taj brand management contract. Plus other hotel deal and development news.
Hilton Hawaiian Village Waikiki Beach Resort's new 36-floor Ala Moana Boulevard Tower will add 515 rooms with construction starting next year. Plus more hotel deal and development news items.
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.
The DJIA rose 49 points while the Nasdaq set yet another record, up 208, while the S&P 500 rose 31 points. The 10-year treasury yield was down .03 to 4.03%. Lodging stocks were modestly higher.The Hospitality Asset…
Activist investor Tarsadia Capital sent a letter to the Board of Directors of Sunstone Hotel Investors calling on them to maximize value for shareholders. Plus, more deal and development news.
Mandarin Oriental has confirmed that it will no longer proceed with the management of the San Clemente Palace, Venice, under the previously announced agreement. Plus, more deal and development news.