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News in brief: Starwood, Wyndham, ClubCorp

Starwood reports 2Q earnings: Starwood Hotels & Resorts Worldwide Inc. posted second-quarter earnings of US$153 million, or US$0.80 per share, up from US$137 million, or $0.71 per share, in the year-ago period.

Read more at MarketWatch

 


Wyndham reports 2Q earnings: Wyndham Worldwide said adjusted net income for the second quarter was US$150 million, or US$1.17 per diluted share, compared with US$133 million, or US$0.98 per diluted share, for the same period in 2013.

Read more at MarketWatch

 


ClubCorp to expand in China: ClubCorp and Zhejiang Construction Real Estate Development Group Co. announced plans for the opening of West Lake Lu, a 170,000-sq-ft (15,794-sq-m) private club and boutique hotel in Hangzhou City, China. ClubCorp will manage Lu, slated to open in December.

Read more at Nassau News Live

 


DoubleTree to enter Minsk: Hilton Worldwide announced the signing of DoubleTree by Hilton Minsk, which is expected to open by mid-2015. The property, owned by Galleria Concept JLLC, will encompass 14 floors of a 21-story multi-purpose tower. The development, named Galleria Minsk, will house a 160-outlet retail complex and entertainment center alongside the 194-room hotel. 

 


Aloft/Element planned for Ohio: Starwood Hotels & Resorts Worldwide announced plans for a dual-branded hotel development in Columbus, Ohio, featuring its Aloft and Element brands. Owned by Indus Hotels, the 136-room Aloft Columbus and 123-room Element Columbus will be located adjacent to The Ohio State University and are slated to open in early 2017.

 


FibraHotel grows in Tijuana: Mexican REIT FibraHotel said it closed the acquisition of the 140-room select-service Lausana Tijuana hotel, which will be rebranded as Gamma by Fiesta Inn Lausana Tijuana and will be operated by Grupo Posadas. The transaction was paid with cash and represents a total investment of $120 million pesos (US$9.3 million).

 


Mahindra buys Covington: Mahindra Holidays and Resorts India said it acquired a 100% stake in Covington Sarl, Luxembourg, and the latter was now a wholly owned subsidiary of the company.

Read more Live Mint

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