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Sunrider International Purchases SLS Beverly Hills

SBE has sold SLS Beverly Hills, a 297-room property, for approximately $200 million to Sunrider International. The hotel, managed by Starwood Hotels & Suites Worldwide Inc., opened in 2008. According to Bloomberg Business, the deal is part of SBE’s transition ...

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First Quarter 2015 Results Roundup

Hilton Worldwide: Net income attributable to Hilton stockholders for the first quarter was $150 million, a 22 percent increase from the same period in 2014. Revenue rose 10 percent to $2.6 billion. System-wide comparable RevPAR increased 6.6 percent for the ...

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Hilton CEO Talks Organic Growth, New Midscale Brand

Hilton CEO Talks Organic Growth, New Midscale Brand

On Hilton Worldwide’s first quarter 2015 earnings call yesterday, analysts grilled CEO Chris Nassetta on whether the company had potential interest in acquiring Starwood Hotels & Resorts. In advance of its own earnings call, Starwood had announced its intentions to ...

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