Sunstone Hotel Investors, Inc. announced the preliminary results of its previously announced modified “Dutch Auction” tender offer (the “Offer”), which expired at 12:00 midnight, New York City time, on June 27, 2008.
In accordance with the terms and conditions of the Offer and based on the preliminary count by American Stock Transfer & Trust Company, the [...]

The Toyoko Inn Co., Japan’s largest business hotel chain operator, plans to open a business hotel next year in the city of Daejeon, central South Korea, officials from the Daejeon municipal government said Thursday.
The Toyoko Inn Development Korea Co., the Japanese firm’s South Korean unit, and local firm Solomon Holdings Co. have signed a deal [...]

MHI Hospitality Corporation announced that the Company has completed the acquisition of the 172-room former Radisson Hotel in Hampton, Virginia for approximately $7.75 million, or $45,000 per room. The Company has also entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) [(LON: IHG) (NYSE: IHG - News; ADRs)] through its franchising entity, Holiday [...]

With even modest hotels charging from $200 to $300 a room all over the world (and sometimes more), the smart traveler is frequently turning to the rental of lower-cost vacation homes or apartments.
We have learned that it is rather easy to find, say, a perfectly acceptable $139-a-night apartment in Manhattan to substitute for a Manhattan [...]

The Gayana Eco Resort on Pulau Gaya will be the first resort in Sabah to be affiliated with Small Luxury Hotels, a worldwide group of hotels offering exclusive holiday experiences.
Situated in the Tunku Abdul Rahman Marine Park, its 44 water chalets lie in Malohom Bay.
The resort offers a seafood restaurant, dive centre, Marine Ecology Research [...]

An international hotel giant plans to open a $100 million, 290-room hotel in Auckland’s CBD by the middle of 2010.
Paul Richardson, vice-president of Accor for New Zealand and Fiji, said yesterday a new five-star Pullman hotel would be built near the city’s waterfront.
The hotel will be aimed at the corporate and meetings market and is [...]

Beth Collingz, Marketing director for PLC International Marketing Networks, which is exclusively marketing the Lancaster Suites and Lancaster – The Atrium Hotel Condominiums in Metro Manila, said “buyers are investors in hotel-condos, a real estate product that combines the flexibility of ownership of a condo in a hotel setting. Popular in the United States, Europe [...]

International Hotel Investments p.l.c. (IHI), together with Libyan Foreign Investment Company (LFICO) and Istithmar Hotels FZE (Istithmar) of Dubai, acting as a joint-venture, have entered into an Exclusivity and Development Agreement with Crown Estate of the UK to develop a 283- bedroom deluxe five-star hotel and a suite of adjoining luxury apartments in a prestigious [...]

A 12-to-14-story hotel and condo tower, as well as a multimillion-dollar water park, could be coming to downtown Ogden, the City Council was told Tuesday night.
Midtown Development of Orem wants to buy nearly 2 acres on a prime corner of the city-owned Junction mall for the hotel-condo tower. It would be [...]

More than 40 people whose cars went into the ditch on Interstate 380 are sleeping tonight in the game room and lobby at the Corridor Inns and Suites at the Urbana exit.
Travelers whose vehicles were stuck in the ditches along Interstate 380 got rides from State Troopers to the hotel that used to be the [...]

Starwood Hotels and Resorts Worldwide is to open a W Hotel in Amman after agreeing a deal with Jordanian property developer Saraya. The 280 room property will open in 2011 and it will be located at Saraya’s new headquarters. The W Amman will be the brand’s fourth hotel in the Middle East; a W Hotel [...]

“We sold one of our nine penthouses at Sukhothai Residences on Sathorn Road for Bt313,000 per square metre,” Benjamine Cha, who heads HKR International’s Thai projects, said in a recent interview.
“The buyer is an American investment banker who is married to a Thai lady,” he said, while keeping the identity of the buyer confidential. The [...]