Virgin Group Eyes New York for Hotel

Virgin Group is exploring a variety of neighborhoods for its first hotel in New York, according to the New York Post. “We love the energy of big market areas like Times Square but we equally love distinct neighborhoods with real communities-SoHo and the...

Teardown Begins at Wilshire Grand Hotel

The Wilshire Grand Hotel in Los Angeles is undergoing deconstruction to make way for a $1 billion project comprising a 900-key 4-Star hotel, 400,000 square feet of Class A office space, and more than 45,000 square feet of retail and F&B venues. Local architecture...

Starwood Capital to Acquire InTown Suites

Barry Sternlicht’s Starwood Capital Group will purchase InTown Suites from Kimco Realty Corp. for $735 million, reports GlobeSt.com. The extended-stay brand comprises 138 hotels across 21 states throughout the southern U.S.  
Banyan Tree Lands in Shanghai

Banyan Tree Lands in Shanghai

Banyan Tree Shanghai on the Bund has opened, marking the debut of the brand’s urban resort concept in mainland China. Each of the 130 guestrooms captures views of Huangpu River through oversized windows, while some suites offer private pools. F&B options...