Melco acquires 19.99% stake in Crown Resorts for $1.22bn
Australian billionaire businessman James Packer has sold almost half his stake in Crown Resorts for 1.76 billion Australian dollars ($1.22 billion) to Melco Resorts &...
Hyatt to open 21 new luxury hotels in Asia Pacific by 2020
Hyatt Hotels Corporation plans to open 21 new luxury hotels and resorts in Asia Pacific by the end of 2020. According to the announcement, the company...
Goldman Sachs in talks to buy B&B Hotels for €2bn
Goldman Sachs is in talks to purchase France-based economy hotel chain B&B Hotels from private equity firm PAI Partners for about 2 billion euros...
Commerz Real buys hotel complex in Lisbon
Commerz Real has acquired a hotel complex in Lisbon managed under the DoubleTree by Hilton brand for its Commerz Real Institutional Hotel Fund from...
IHG to open its fifth voco hotel in Sydney CBD
Inter Continental Hotels Group (IHG) announced that it will open its fifth 'voco' hotel in Australia in Sydney CBD with developer Linzhu Australia Pty...
Park Hotels to acquire Chesapeake Lodging Trust in a $2.7b deal
Park Hotels & Resorts Inc. has signed a merger agreement with Chesapeake Lodging Trust to acquire all the outstanding shares of Chesapeake in a...
Oakwood to open hotel in Melbourne
Global serviced apartment operator Oakwood, a wholly owned subsidiary of Singapore's Mapletree Investments, will open its second Oakwood Hotel & Apartments in Australia. According to...
MSD Partners to acquire Boca Raton Resort & Club from Blackstone
MSD Partners has entered into a definitive agreement to acquire the Boca Raton Resort & Club from an affiliate of Blackstone. Boca Raton Resort...
Marriott International to build world’s tallest modular hotel in New York City
Marriott International will build the world’s tallest modular hotel in New York City.It is expected to open in late 2020 as the AC Hotel...
Heeton-led Singaporean consortium acquires Crowne Plaza London Kensington
Heeton Holdings Limited, together with KSH Holdings Limited and Ho Lee Group Pte Ltd, announced the completion of the joint acquisition of the Crowne...
