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Strategic Hotels & Resorts to Acquire The Essex House Hotel

CHICAGO—Strategic Hotels & Resorts, Inc. announced today that it has signed an agreement to purchase New York City’s Essex House Hotel from the Dubai Investment Group for a gross purchase price of approximately $362.3 million. The purchase price includes 509 ...

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Marriott International to Open First Hotel in Ukraine

LONDON—Marriott International, Inc. announced that it will open its first hotel in Ukraine, the 173-room Renaissance Kiev Hotel, under a management agreement with Subsidiary Enterprise Grand Plaza. The hotel is expected to open in mid-2013 following an extension and renovation ...

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