News in brief: Ascott, Time, Sonesta

Ascott expands in China:  The Ascott Ltd. secured a contract to manage its third serviced residences property in Chengdu, China, the 296-apartment Ascott Raffles City Chengdu.

Read more at Asian Travel Tips


NYC’s Time faces foreclosure suit:  The Time Hotel, located in New York City, faces a foreclosure suit from lender LNR Partners after allegedly defaulting on US$55 million.

Read more at The Real Deal


Sonesta expands in Arizona, Ohio:  Sonesta International Hotels Corp. expanded with its Sonesta ES Suites brand in Flagstaff, Arizona, and Dublin, Ohio.

Read more at MarketWatch here and here


Laurus buys Utah Hilton:  Laurus Corp. bought the 288-room Hilton Salt Lake City Airport.

Read more at MarketWatch


White Lodging expands in Florida:  White Lodging Services has taken over management of the Hilton Garden Inn Boca Raton.

Read more at MarketWatch