Signs first property since acquisition
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Internal Group Brings Leadership, Franchisees, and Employees Together in Collaborative Forum
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Overcash Demmitt Architects Predicts Continued Growth in this Area
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Self-Sustaining Resort Will Span Over Two Miles from Atlantic Ocean to Exuma Sound on the 'Caribbean side' of the Island
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A joint venture among funds managed by the Real Estate Group of Ares Management, L.P. (NYSE:ARES), SMW Hospitality LLC, and Trinity Real Estate Investments LLC, today announced the sale of The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners, an affiliate of Blackstone Group (NYSE:BX).
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The property will include 250 residences and a 263-room hotel with over 24,000 sq. ft of state-of-the-art function space including 11,000 sq. ft of flexible meeting and event space, 4,300 sq. ft of outdoor space and 9,100 sq. ft of public spaces.
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The Company plans to rebrand the existing NH Brussels Bloom (Brussels) and NH Collection Vittorio Veneto (Rome) as nhow hotels.
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With luxury apartments, upmarket boutiques and restaurants, premium offices and a five-star hotel, the Shard has attracted people and companies to the surrounding area, helping to establish Southwark as a core business district and leading to the £1 billion redevelopment of London Bridge station.
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Developed by S P Setia, the mixed-use project's western tower measures 62 storeys and will host Melbourne's newest five-star hotel, the Shangri-La. The eastern tower is 60 storeys and will house over 300 luxury residential apartments.
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The Title V Rawai Phuket, BW Premier Collection by Best Western, is positioned on Phuket's southern coastline, approximately 40km from Phuket International Airport. It is just a short distance from Nai Harn Beach and Promthep Cape, while the pristine islands of Koh Lone, Koh He, Koh Racha and Coral Island lie offshore.
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