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Hilton Closes Sale of Waldorf Astoria New York

Hilton Closes Sale of Waldorf Astoria New York

MCLEAN, Va.—Hilton Worldwide Holdings today announced it closed its previously-announced sale of the Waldorf Astoria New York to Anbang Insurance Group Co. for $1.95 billion. In addition, Hilton Worldwide has signed agreements to redeploy the proceeds of the sale to ...

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Wyndham Acquires Dolce Hotels and Resorts for $57M

Wyndham Acquires Dolce Hotels and Resorts for $57M

PARSIPPANY, N.J.—Wyndham Hotel Group today announced it has acquired Dolce Hotels and Resorts, a provider and manager of group accommodations with a portfolio of 24 properties and more than 5,500 guestrooms across seven countries in Europe and North America, for ...

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Delta Acquisition to Bolster Marriott’s Growth

Delta Acquisition to Bolster Marriott’s Growth

Following the best growth year in the company’s history, Marriott International will expand its global footprint even further once it adds Delta Hotels and Resorts, a full-service brand with 38 properties and 10,000 rooms across Canada, to its portfolio. Marriott ...

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Urgo Hotels Acquires Whiteface Lodge in Lake Placid

Urgo Hotels Acquires Whiteface Lodge in Lake Placid

BETHESDA, Md.—Urgo Hotels & Resorts today announced that it purchased, for an undisclosed sum, the Whiteface Lodge Resort, located in Lake Placid, N.Y. Whiteface Lodge is situated on 6 million acres of upstate New York national park on the shores ...

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Jordache Investment Arm Buys Setai Miami Beach

Jordache Investment Arm Buys Setai Miami Beach

MIAMI BEACH, Fla.—Nakash Holdings, the investment company controlled by the founders of Jordache Enterprises of designer jeans fame, has purchased the 130-room Setai Hotel in South Beach, Fla., for nearly $90 million. The hotel’s amenities include three newly renovated infinity ...

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