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Starwood Sells Off St. Regis Bal Harbour Resort

Starwood Sells Off St. Regis Bal Harbour Resort

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide and Al Rayyan Tourism Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest private diversified industry groups, announced that ARTIC has acquired The St. Regis Bal Harbour ...

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Cachet Hotel Group Takes Full Ownership of URBN Brand

Cachet Hotel Group Takes Full Ownership of URBN Brand

SHANGHAI—Cachet Hotel Group (CHG) announced the completion of the acquisition of URBN Hotel in Shanghai by CHG’s co-founder Robert Roche. The transaction was announced as an all cash buyout for an undisclosed sum. URBN Hotel is a gold standard for ...

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Starwood Capital Group Acquires Four Pillars Hotels

Starwood Capital Group Acquires Four Pillars Hotels

GREENWICH, Conn.—A fund affiliated with Starwood Capital Group, a global private investment firm, announced that it has acquired UK hotel owner and operator Four Pillars Hotels. The transaction includes a portfolio of five owned and leased hotels and one managed ...

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Summit Hotel Properties Closes Three Acquisitions

Summit Hotel Properties Closes Three Acquisitions

AUSTIN, Texas—Summit Hotel Properties announced that it has closed on three previously announced acquisitions and completed the disposition of five hotels. The acquisitions include the 213-guestroom Hyatt Place located in Minneapolis, Minn., the 182-guestroom Hilton Garden Inn located in Houston, ...

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