Potential acquisition suspends Dalata shares: Shares in hotel group Dalata were temporarily suspended from the junior markets of both the London and Irish Stock Exchanges Monday morning pending acquisition talks after Dalata confirmed it is “in exclusive discussions in relation to the potential acquisition of the Moran Bewley Hotel Group.”
Tryp by Wyndham to add Manhattan hotel: Wyndham Hotel Group announced the expansion of its Tryp by Wyndham brand in New York City with the signing of a franchise agreement for a 334-room hotel in Manhattan’s Times Square, marking the brand’s second property in the market. Hampshire Hotels Management is spearheading the design as well as management of the project. The hotel is scheduled to open by spring 2015.
U.S. and China to extend visas: Starting November 12, the United States and the People’s Republic of China will reciprocally increase the validity of short-term business and tourist visas and student and exchange visas issued to each other’s citizens. Visas for leisure and business travelers will increase from one year to 10 years, and student visas will be valid for five years, up from one year.
Ascott adds five properties in China: CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited, has secured contracts to manage five more Chinese properties. The 200-unit Citadines Xingqing Yinchuan, 150-unit Somerset Xingqing Yinchuan and 164-unit Somerset Riverside Changsha are slated to open in 2018. Ascott also plans to open its second property in Shenyang — the 330-unit Somerset Olympic Centre Shenyang — in 2015, and Ascott’s fifth property in Xi’an — the 156-unit Somerset Xindicheng Xi’an — in 2016.