Thursday, December 26

Starwood sells St. Regis Bal Harbour for $213 million

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TODAY’S HEADLINES

Starwood sells St. Regis Bal Harbour for $213 million
Starwood Hotels & Resorts Worldwide announced on Wednesday that it sold the 207-room The St. Regis Bal Harbour Resort to Al Faisal Holding Co. subsidiary Al Rayyan…. MORE

Ashford Prime buying Chicago Sofitel for $153 million
Ashford Hospitality Prime revealed on Tuesday that it plans to buy the 415-room Sofitel Chicago Water Tower for US$153 million from The Blackstone Group. The sale…. MORE

Marriott moves ahead with Protea purchase
Marriott International signed a definitive agreement for its previously announced acquisition of Protea Hospitality Holdings, buying Protea’s three brands and…. MORE

What’s Hot: Hong Kong property shakes up the coffee break
The Mira Hong Kong has added some playful coffee break options to its MICE services. The seven new coffee breaks include: • Yum Cha Bites, featuring dim sum…. MORE

New CEO takes over for El Zyr at Rotana
Abu Dhabi-based Rotana Hotel Management Corp. has promoted Omer Kaddouri to president and CEO, succeeding Co-Founder Selim El Zyr, who will continue to serve in an…. MORE

Hilton makes youth commitment
Hilton Worldwide at the 2014 World Economic Forum’s Annual Meeting announced a global commitment that aims to impact at least one million young people by 2019…. MORE

Scandic partners with Oliver to expand Jamie’s Italian concept
Scandic Hotels has partnered with British chef Jamie Oliver to expand Oliver’s Jamie’s Italian F&B concept in the Nordic region. Scandic will be the…. MORE

News in brief: Chesapeake, Travelodge, CSM
Chesapeake adds 3 hotels in US: Chesapeake Hospitality took over management of the 167-room InnPlace Hotel Bensalem, located in Bensalem, Pennsylvania, the 184-room…. MORE

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