Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has closed on the sale of The St. Regis Florence and The Westin Excelsior Florence to Nozul Hotels & Resorts, the owner of The Gritti Palace, Venice and W Doha Hotel, and a wholly owned subsidiary of ‘Jaidah Holdings’ for €190 million (approximately $213 million USD).
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The development, located in the heart of Midtown Atlanta, will consist of 213 SLS hotel rooms and suites, 56 condominium residences, and a wide range of internationally renowned food & beverage venue options and meeting spaces.
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Interstate Hotels & Resorts announced that it has been selected to manage the Sheraton Cerritos Hotel recently acquired by Crown Jewel of Pacifica, LLC, which will further invest in capital upgrades to the hotel in the near future.
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Company recently assumes managerial responsibilities for the Hampton Inn Madison Huntsville Airport and the Radisson Hotel Fargo.
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To Open Three Locations in Market over Next 12 Months
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Rezidor announces two new properties in Poland: The mid-scale Park Inn by Radisson Poznán will comprise 166 keys and open in Q2 2017, and the upper-upscale Radisson Blu Resort & Spa, Szklarska Poreba will be a ski & summer resort featuring 180 rooms and open in late 2018.
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Local paper The Orange County Register has revealed Disney’s plans to open a fourth Disneyland Resort Hotel. The article says that Disneyland officials submitted the plans with hopes of taking advantage of the city’s policy that provides tax incentives to build luxury hotels.
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Hyatt Hotels Corporation (NYSE: H) last week announced that a Hyatt affiliate has entered into an agreement with Terra Tour Service EOOD for a Hyatt Regency hotel in Sofia, Bulgaria. Hyatt Regency Sofia will mark the first Hyatt-branded hotel in Bulgaria.
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Hospitality Ventures Management Group (HVMG) today announced that it had signed a management agreement to operate the 100-room and suites Borrego Springs Resort & Spa in Borrego Springs, Ca. The property recently was acquired by Borrego Nazareth LLC.
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Company Places Four Hotels Under Contract and Six Under Development
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