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News in brief: Starwood Capital, Wanda, New World

Starwood Capital Group sells Ace Hotel London Shoreditch: The 258-room Ace Hotel London Shoreditch has been sold for £150 million (US$222.7 million) by Starwood Capital Group to Limulus.

Read more at London Evening Standard 

 


Wanda to slow overseas hotel investment: China’s Wanda Commercial announced it will open more than 20 domestic shopping malls a year in the next few years while investing in only one or two hotel projects abroad.

Read more at South China Morning Post 

 


New World to enter Indonesia: New World Hotels & Resorts has been appointed by Jakarta-based PT. Mugie Bali Indah to manage the 328-room New World Grand Bali Resort, scheduled to open in 2017.

 


Noble acquires Connecticut hotel: Noble Investment Group announced the acquisition of the 207-room Courtyard by Marriott New Haven at Yale University in downtown New Haven, Connecticut, adjacent to the Yale University campus.

Read more at PR Newswire 

 


Forbes Travel Guide debuts London headquarters: Forbes Travel Guide opened its European headquarters in London and named Chris Fradin vice president of client services for Europe. This marks the first time Forbes Travel Guide has maintained a headquarters in Europe.

 


Excel acquires 3 hotels: Excel Group announced it acquired a portfolio of three select-service hotels in Florida — the 128-room Hyatt Place Lake Mary, the 83-room Hilton Garden Inn Oldsmar – Tampa/North and the 110-room Hampton Inn and Suites Oldsmar – Tampa/North — for US$35 million.

 


Dubai-inspired hotel planned for the Alps: Swiss entrepreneur Remo Stoffel announced he will build the world’s tallest hotel in the Alps after he was inspired by Shaikh Mohammad bin Rashid Al Maktoum, vice president and prime minister of the UAE and Ruler of Dubai. The 381-meter (1,250-foot) structure, which will have 107 rooms, is scheduled to open in 2019 in Vals, Switzerland.

Read more at Yahoo Maktoob News 

 


StepStone adds Baltimore hotel: StepStone Hospitality announced it has been awarded management of the 104-room Wyndham Baltimore Mount Vernon (formerly the Wyndham Baltimore Peabody Court).

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