Hotel Industry News - Development

Wyndham Hotels and Resorts today announced its expansion in China with the addition of three luxury hotels in the key markets of Shanghai, Changsha and Hangzhou. - More

Aloft(R) Hotels this week announced expansion plans for key global markets from Brussels to Bangalore - and one of Aloft's first New York City properties, in downtown Brooklyn. - More

Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor, today announced the completion of the merger with Hotel Acquisition Company, LLC, a 50/50 joint venture between subsidiaries of Thayer Hotel Investors V-A LP, a private equity fund sponsored by Thayer Lodging Group, and Shanghai Jin Jiang International Hotels (Group) ... - More

Starwood Capital Group, TPG Capital and Five Mile Capital Partners announced today that they have reached an agreement to invest up to $905 million in Extended Stay Hotels, Inc. as part of a recapitalization plan that would allow the hotel chain to emerge from bankruptcy. - More

Earlier this year, Marriott introduced the Autograph Collection brand, as a group of independent hotels and resorts representing upper-upscale and luxury properties with distinctive personalities. To launch the Autograph Collection, Marriott has partnered with Kessler, a renowned hotelier and avid art collector, whose independent properties are ... - More

MGM MIRAGE (NYSE: MGM) today announced that the New Jersey Casino Control Commission (CCC) approved the settlement agreement between the Company and the New Jersey Division of Gaming Enforcement (DGE) under which the Company will sell its 50% ownership interest in the Borgata Hotel Casino & Spa and related leased land in Atlantic City. - More

Best Western International and Unibuilt Real Estate Corporation have signed an agreement which will further boost the chain’s presence in the Philippines and at the same time introduce the Best Western Premier brand to the destination. - More

Miami’s Highly Anticipated Oceanfront Resort and Residences Celebrates Topping Off - More

Fairmont Hotels & Resorts and Azinko Development M.M.C. today announced the signing of their agreement for Fairmont to manage a new 347-guestroom luxury hotel property in the sparkling coastal city of Baku, Azerbaijan. - More

Sandos Hotels & Resorts, with two resort complexes on the Riviera Maya, Mexico, is increasing its portfolio with the acquisition of Le Meridien Cancun Resort & Spa, located in the heart of the Cancun hotel zone. - More