Highgate exploring minority sale: Highgate Hotels has reportedly hired Moelis & Co. to sell a minority stake in the company to raise US$300 million, but could still opt not to complete a deal.
Read more at The Wall Street Journal
Sheraton to expand in Thailand: Starwood Hotels & Resorts Worldwide signed a management agreement with TCC Hotels Group to convert the 141-room Imperial Samui Beach Resort into the Sheraton Samui Resort, set to open in December.
Red Lion launches loyalty program: Red Lion Hotels Corp. launched Hello Rewards, a new loyalty program that offers guests free future stays, tailored promotions and other perks.
Read more at Red Lion’s website
Marston’s may open chain of hotels: British pub company Marston’s may open a budget hotel chain.