Hyatt Regency Birmingham in the United Kingdom Sold for £38.6 Million

Hyatt Hotels Corporation (NYSE: H) yesterday announced that a Hyatt affiliate has sold Hyatt Regency Birmingham for approximately £38.6 million to an affiliate of Bin Otaiba Investment Group. The purchaser will also spend approximately £2.7 million in additional capital expenditures to further improve the property over the next three years.
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Le Méridien Etoile Hotel in Paris Completed Renovation Program

From the birthplace of the brand, Le Méridien Hotels & Resorts – part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) – today marked a milestone as its first-ever hotel and celebrated flagship in Paris revealed the completion of its multi-million dollar renovation.
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