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News in brief: Starwood, KSL, Hilton, Centara, RLJ

Fresh capital. KSL Capital Partners, Denver, on Monday announced it has completed the final closing of its latest travel and leisure focused private equity fund, KSL Capital Partners IV, L.P., with total commitments of $2.677 billion.

 


Centara deals. Centara Hotels & Resorts, Bangkok, is adding two properties to its managed portfolio of 42 hotels – the 141-room Centara Beach Resort & Spa Phu Quo, Vietnam (opening November 2015) and the 282-room Centra Maris Resort Jomtien, Thailand (opening December 2015).

 


Hilton hack? Multiple sources are reporting that Hilton Hotels Corp. properties have been the vicitm of credit card fraud with hackers compromising point-of-sale registers in gift shops and restaurants at multiple U.S. hotels. Hilton has stated it is investigating the claims.

 


Travelodge ambitions. Absolute Hotel Services Group, Bangkok, and Travelodge Hotels Asia Pte. Ltd. has announced a joint venture to roll out the Travelodge brand and sub-brands in Thailand. The stated goal is to target more than 4,000 guest rooms in Thailand by 2020.

 


W lands in Serbia. Starwood Hotels & Resorts Worldwide on Monday announced an agreement with Belgrade Waterfront LLC to debut the W brand in Serbia with the opening of W Belgrade and The Residences at W Belgrade in 2019. The hotel will be located in the heart of Belgrade Waterfront, a new community including retail outlets, restaurant and bars, offices, public parks and leisure attractions.

 


Lofty achievement. Starwood Hotels & Resorts Worldwide on Monday marked the opening of the 100th Aloft hotel with the opening of the Aloft College Station in Texas, owned by Lodging America and managed by Aimbridge Hospitality near the Texas A&M campus. The hotel is the first of nine new Aloft hotels slated to open in the state in the next three years. Since it launched in 2008, Aloft is now operating in 16 countries with eight more hotels set to open by year’s end.

 


Silicon Valley deal. RLJ Lodging Trust on Monday announced that it has closed on the previously announced acquisition of the recently updated,156-room Residence Inn Palo Alto Los Altos in California for US$70 million, or approximately US$449,000 per key. RLJ assumed US$33.4 million of existing debt and funded the remaining portion with cash available on the balance sheet. It projects first-year RevPAR will represent an 86% premium to the previous year.

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