Month: June 2018

LaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel Trust

June 11, 2018

LaSalle Hotel Properties (NYSE: LHO) today confirmed that it received a proposal from Pebblebrook Hotel Trust (NYSE: PEB) on June 11, 2018 to acquire LaSalle in a transaction with consideration of 0.92 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders to elect to receive cash up to a maximum of 20% in aggregate of the consideration, subject to pro ration.
Source: New feed

Hyatt Capital Gate Abu Dhab to Rebrand to Hyatts Andaz Beand

June 11, 2018

Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt Capital Gate Abu Dhabi will rebrand to Andaz Capital Gate Abu Dhabi, turning the iconic ‘Leaning Tower of Abu Dhabi’ into the first Andaz branded hotel in the Middle East.
Source: New feed

Six Senses Formosa Bay in Brazil Announced for 2021

June 7, 2018

Six Senses Hotels Resorts Spas has recently unveiled plans for their latest project and first South America property, Six Senses Formosa Bay in Brazil, which will open in 2021. Located at Baia Formosa, which translates to Beautiful Bay, the resort is set in the most eastern territory of Brazil and the country’s closest point to Europe.
Source: New feed

Westgate Resorts Acquires Former Hilton New York Grand Central Hotel

June 7, 2018

Westgate Resorts announced yesterday the acquisition of the former Hilton New York Grand Central, a 23-floor, 300-room, two-tower hotel located in the historic Tudor City neighborhood within the heart of Midtown Manhattan’s East Side that has been rebranded Westgate New York City.
Source: New feed