Hotel Indigo coming to downtown L.A.: IHG and Greenland USA announced the signing of the first Hotel Indigo in Los Angeles. The 350-room, 18-story Hotel Indigo Downtown Los Angeles — scheduled to open in winter 2016 — will be the flagship hotel at mixed-use development Metropolis.
Sunway appoints new CEO: Sunway Group announced the appointment of Albert Cheong as chief executive officer of Sunway Hotels & Resorts. Cheong also will continue in his role as group general manager of the brand’s flagship property, Sunway Resort Hotel & Spa in Kuala Lumpur, and leading the management team at the cluster of hotels in Kuala Lumpur’s Sunway Resort City — Sunway Resort Hotel & Spa, Sunway Pyramid Tower East and the soon-to-be opened Sunway Pyramid Tower West.
Six Senses to enter Nicaragua: Lionheart Capital announced a partnership with Six Senses Hotels Resorts Spas to exclusively develop Six Senses resorts, spas and residences in Nicaragua. The Six Senses properties in Nicaragua will be owned by Lionheart and operated by Six Senses. The first co-venture from Lionheart Nica and Six Senses will be the conversion of Aqua Wellness Resort into Six Senses Nicaragua. In the next several years, Lionheart Nica will invest between US$20 million and US$40 million to enhance and enlarge Aqua and rebrand it.
Thomas Cook teams with Fosun: Thomas Cook and Fosun International will create a joint venture in Shanghai to offer tours and accommodation, and Fosun will also buy about 30 Thomas Cook-brand hotels worldwide now run by franchisees.
Florida company to buy Wisconsin Radisson: Inner Circle Investments has a contract to buy Radisson Paper Valley Hotel in Appleton, Wisconsin.
Marriott Marquis planned for Miami: The 1,800-room Marriott Marquis Miami Worldcenter Hotel & Expo Center is scheduled to open in the fall of 2018.
M&R to manage new NYC Holiday Inn: M&R Hotel Management announced it will manage the new 271-room Holiday Inn New York – Times Square South, which is scheduled to open this year at 585 Eighth Ave., between 38th and 39th Streets.
Lloyds puts hotels up for sale as part of huge portfolio: Lloyds Banking Group is planning to sell €4.2 billion of face value legacy loans connected with Ireland. Dubbed Project Poseidon, the disposal includes hotel assets such as the Lyrath Estate Hotel in Kilkenny and the Regency Hotel in Drumcondra in Dublin.