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Hyatt Announces Plans for Andaz Palm Springs

Hyatt Announces Plans for Andaz Palm Springs

CHICAGO—Hyatt Hotels Corporation today announced that a Hyatt affiliate has entered into a management contract with Rael Development Corporation for an Andaz hotel in Palm Springs, Calif., expected to open in late 2016. Andaz Palm Springs will be located in ...

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Centerbridge to Acquire Great Wolf Resorts

Centerbridge to Acquire Great Wolf Resorts

MADISON, Wis.—Great Wolf Resorts has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners whereby Centerbridge, a private investment firm, will acquire Great Wolf, a family of indoor waterpark resorts. Great Wolf is currently ...

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Lexington by Vantage Opens Klapa Resort in Bali

Lexington by Vantage Opens Klapa Resort in Bali

CLEVELAND—Lexington by Vantage has opened the 122-room Lexington Klapa Resort, which is the brand’s second property in the Pecatu Indah Resort area of Bali, Indonesia. Vantage Hospitality Group first entered Bali in 2013 with the 266-room New Kuta Hotel, part ...

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Carey Watermark Acquires Westin Pasadena for $142.5 Million

Carey Watermark Acquires Westin Pasadena for $142.5 Million

NEW YORK—Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Westin Pasadena hotel. The full-service hotel includes 350 guestrooms and is located in downtown Pasadena, Calif. The acquisition price was $142.5 million. The Westin Pasadena is a Four ...

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Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

MIAMI—Karisma Hotels & Resorts and Viacom International Media Networks (VIMN), a division of Viacom Inc., have signed an agreement to develop Nickelodeon Hotels. A Gourmet Inclusive collection of family-friendly properties, Nickelodeon Hotels will represent the first and only international hotels ...

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