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Loews to Acquire Mandarin Oriental San Francisco Hotel

Loews to Acquire Mandarin Oriental San Francisco Hotel

NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, today announced that it has entered into an agreement to purchase the 158-room Mandarin Oriental San Francisco Hotel. The acquisition is expected to close in late March. “This ...

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Carey Watermark Investors Acquires Westin Minneapolis

Carey Watermark Investors Acquires Westin Minneapolis

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Minneapolis hotel. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition price was $66.4 million and was financed with $43.5 million of ...

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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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