News in brief: Absolute, Kew Green, Angola

Absolute to expand in Thailand:  Absolute Hotel Services will open the 42-room U Pattaya in early 2015. The property will be located between Jomtien and Bang Saray and have beachfront access.

Read more at Asia Travel Tips


Kew Green buys hotel in England:  Key Green Hotels bought the 110-room Holiday Inn Bromsgrove out of administration for £3.95 million (US$6.6 million).

Read more at Property Magazine International


Angola sovereign wealth fund to invest in hotels:  The US$5 billion Fundo Soberano de Angola is starting to invest in hotels in sub-Saharan Africa.

Read more at Bloomberg


Preferred’s reservations revenue up in Q1:  Preferred Hotel Group reported a 19% increase in reservations revenue for its member hotels compared to the same time period in 2013.

Read more at Preferred’s website


Morgans files investor presentation:  Morgans Hotel Group filed an investor presentation as part of its proxy battle with Kerrisdale Capital Management.

See the presentation here