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