Starwood signs luxury collection: Starwood Hotels & Resorts Worldwide, Inc. has signed Suiran, a luxury collection hotel in Kyoto, Japan. Scheduled to open in 2015, the hotel marks the first luxury collection in Japan.
Read more at Starwood’s website
Accor sells Mercure in Paris: Invesco Real Estate has acquired the Mercure Terminus Nord hotel in Paris for an undisclosed amount.
Vail Resorts upgrade: Vail Resorts will invest more than US$50 million in upgrades to Park City Mountain Resort for the 2015-2016 ski season. Projects include the construction of a high-speed two-way gondola, ski lift updates and a new restaurant.
Read more at Vail Resorts’ website
Worldhotels and JP Capital Advisors partnership: Worldhotels and JF Capital Advisors have announced a joint strategic partnership. JF Capital Advisors will provide financial consulting and investment advisory services for hotel owners whose properties are Worldhotels affiliate members. JF Capital Advisors will also assist hotel owners in raising equity and debt capital.