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.
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.
Hotel Equities has made a series of executive appointments across its operations, finance, and marketing teams. Plus, other hotel deal and development news.
Highside secured a $500 million financing package from affiliates of Apollo to expand Everhome Suites from Choice Hotels. Plus more hotel deal and development news.
Hilton has retained its position as the world’s most valuable hotel brand for the 10th consecutive year, according to the latest report by Brand Finance.