Starwood wins De Vere Venues
Starwood Capital has acquired the De Vere Venues business for GBP232m. The deal gives Starwood 23 owned and leased properties with 2,433 bedrooms and nine management and franchise contracts.
Shangri-La has announced a 6 May opening for its long-awaited hotel in London’s Shard tower and will take reservations from next week. The lofty hotel will feature a gym and infinity pool on the 52nd floor of the London landmark.
Brighton deal close
An investor that owns Fortnum & Mason and Associated British Foods is set to buy the Grand Hotel in Brighton for around GBP50m. Wittington Investments has beaten rival bidders for the landmark hotel, being sold by De Vere, reports the London Times.
Park Inn for Izmir
Carlson Rezidor has signed to open a Park Inn hotel in Izmir, Turkey. A 137 room property is scheduled to open in late 2015 next to the Kordon waterfront area of Izmir, overlooking the Aegean.
China Lodging tops expectations
China Lodging increased revenues 26.8% in the fourth quarter and 29.3% for 2013. Overall revpar slipped to RMB160 from RMB175 in the third quarter, due to lower occupancy and a weaker economy.