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Starwood Capital Group Acquires Principal Hayley Group

Starwood Capital Group Acquires Principal Hayley Group

GREENWICH, Conn.—Starwood Capital Group, a private investment firm, announced that an investment fund affiliated with Starwood has acquired Principal Hayley Group, a collection of 23 city-center hotels and training venues across the UK and Europe. Terms of the transaction were ...

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New Residence Inn Hotel Opens in Manhattan

New Residence Inn Hotel Opens in Manhattan

NEW YORK—The 211-suite Residence Inn by Marriott in New York is now open. The building, located at 148 East 48th Street, was formerly the Helmsley Middletowne Hotel, which was in operation from 1928 until May 2010. The Residence Inn New ...

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Park Hyatt Busan Opens Its Doors in South Korea

Park Hyatt Busan Opens Its Doors in South Korea

CHICAGO—Hyatt Hotels Corporation announced the official opening of Park Hyatt Busan, the tenth Park Hyatt property in Asia Pacific and the second Park Hyatt hotel in Korea following Park Hyatt Seoul. “We are thrilled that the second Park Hyatt hotel ...

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Hilton Worldwide Inks Deal for DoubleTree in Saudi Arabia

Hilton Worldwide Inks Deal for DoubleTree in Saudi Arabia

DUBAI, United Arab Emirates—Hilton Worldwide today signed a management agreement with Hamad Abdulaziz Almousa Trading Group to develop a new DoubleTree by Hilton hotel in KSA’s (“Kingdom of Saudi Arabia”) commercial heartland of Al Khobar, in the country’s Eastern Province. ...

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