• Issue 1000

Village Hotels sale

 

Lloyds Bank is preparing a GBP450 auction of Village Urban Resorts, the last component of the De Vere group. The formal sale will be handled by JP Morgan and is due to begin by the end of July, reports the London Times. 

 

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Astana addition

 

Ritz-Carlton is to add a hotel in Astana, Kazakhstan. The 157 room project will occupy 20 floors of a 27 storey development in the city, opening in 2017.

 

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Mauritius reflag for Shangri-La

 

Shangri-La has signed to reflag a resort in Le Touessrok in Mauritius. The company will take over the property this summer before relaunching it in September 2015. 

 

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Starwood China expansion

 

Starwood will double its luxury hotel portfolio in China during the next two years. Its pipeline inlcudes four luxury hotels to open before the end of this year, part of an openings programme of 20 hotels across nine brands.

 

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First EVEN opens

 

IHG has opened its first EVEN branded hotel. The property in Norwalk, Connecticut will be followed by openings in Manhattan, Brooklyn and Maryland.

 

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