Browns Investments sells Barceló Whale Lagoon Maldives for $57.5 million
Sri Lankan conglomerate Browns Investments PLC (BIL) has announced an agreement to sell the assets and business of the Barceló Whale Lagoon Maldives Resort for USD 57.5 million. The sale was made by BIL’s subsidiary, Browns Ari Resort (Private) Limited, to ASB Hotel Properties Maldives Private Limited. The transaction is subject to standard conditions, including […]
JLL presents Konotta Island for acquisition
JLL’s Hotels & Hospitality Group has announced it is exclusively presenting the Konotta Island resort for acquisition. The property, located in the Gaafu Dhaalu Atoll, is being offered with vacant possession, providing the new owner with the flexibility for rebranding and new management. The resort comprises 31 beachfront villas and 22 overwater villas, in addition […]
Marriott International Inc to Merge with Starwood Hotels & Resorts to create world’s largest hotel group
Marriott International and Starwood Hotels & Resorts Worldwide’s board of directors approve a merger that will create the world’s largest hotel company.
Hotel Investment Conference for Asia Pacific (HICAP) 2015 underway at the InterContinental Hong Kong
Yesterday saw the opening of the Hotel Investment Conference for Asia Pacific (HICAP) at the InterContinental Hong Kong.
