News in brief: Choice, Andaz, Hong Kong Disneyland

Choice earnings down in 2013 but up in Q4:  Choice Hotels International reported a net income of US$112 million for 2013, down 7% year-on-year and US$27.3 million for the fourth quarter of 2013, up 12% year-on-year.

Read more at Choice’s website


Andaz to enter Germany:  An affiliate of Hyatt Hotels Corp. signed an agreement with Jost Hurler Beteiligungs-und Verwaltungsgesellschaft mbH & Co. KG to open the 274-room Andaz Munich in 2017, the Andaz brand’s first in Germany.

Read more at Incentive Travel & Corporate Meetings


Hong Kong’s Disneyland investing in new hotel:  Hong Kong Disneyland Resort is investing US$550 million to open a third hotel in 2017 that will increase the resort’s total guestrooms by 75%.

Read more at The Wall Street Journal


Pan Pacific to expand in China:  Pan Pacific Hotels Group signed an agreement with Xinyuan Holding Group Co. to open the 360-room Parkroyal Chengdu in 2017 and another agreement with Zhuhai Weilins New Materials Development Co. to open the 300-room Pan Pacific Zhuhai.

Read more at MarketWired


Argosy, Evolution buy California hotel:  A partnership formed by an affiliate of Argosy Real Estate and senior principals of Evolution Hospitality acquired the 215-room DoubleTree by Hilton LAX – El Segundo for an undisclosed sum.


Main Street developing Massachusetts hotel:  Main Street Hospitality Group announced the development of the 45-room Hotel on North, to be located in Pittsfield.


TAS Alliance launched:  The TAS Alliance, an alliance of independently owned and operated service apartment properties, launched on Monday.