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Sale of New York’s Plaza Hotel is Complete

NEW YORK—Sahara India Pariwar, an India-based conglomerate, completed the purchase of a 75 percent interest in the Plaza Hotel New York from real estate company El Ad US Holdings’ position in the hotel with a total valuation of $575 million. ...

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RLJ Lodging Trust Acquires Embassy Suites Boston/Waltham

BETHESDA, Md.—RLJ Lodging Trust (the “Company”) announced that it acquired the 275-room Embassy Suites Boston/Waltham (the “Hotel”), through an off-market transaction, for a purchase price of $64.5 million, or approximately $235,000 per key. The purchase price represents a forward capitalization ...

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Coast Hotels & Resorts Adds First Arizona Property

SEATTLE, Wash.—Coast Hotels & Resorts welcomes its first Arizona property with the acquisition of the former Crowne Plaza Phoenix-Airport. The hotel will be rebranded as the Coast Phoenix Sky Harbor Hotel. Branding for the rollover will continue throughout the coming ...

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Priceline.com to Acquire KAYAK

NORWALK, Conn.—Priceline.com Incorporated announced that it has signed a definitive agreement for the Priceline Group to acquire KAYAK in a stock and cash transaction. Under the terms of the agreement, the transaction values KAYAK at $1.8 billion or $40 per ...

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Four Points by Sheraton to Debut in Berlin

BERLIN—Starwood Hotels & Resorts Worldwide, Inc. announced plans to introduce its Four Points by Sheraton brand to Berlin in 2014. Owned by Proprietas s.r.o., Four Points by Sheraton Berlin Airport will be the first Four Points by Sheraton hotel in ...

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