News in brief: Four Points, Le Méridien, Puma

Starwood to expand in Malaysia:  Starwood Hotels & Resorts Worldwide signed a management agreement with IOI Properties Group to open the 249-room Four Points by Sheraton Puchong in the fourth quarter of this year and the 350-room Le Méridien Putrajaya in fall 2015.

Read more at The Wall Street Journal


Puma rebrands:  Puma Hotel Collection has rebranded itself as The Hotel Collection.

Visit The Hotel Collection’s new website for more info


Temple buys 2 hotels in Canada:  Temple Hotels bought the 92-room Days Inn Thunder Bay North and the 92-room Days Inn & Suites – Thunder Bay for C$26.5 million (US$24.4 million). The two acquisitions represent an estimated capitalization rate of 9%, based on the 2014-15 forecasted aggregate net income (after FF&E reserve). The acquisition will be financed with a first mortgage loan in the amount of $16 million and the balance in cash. The first mortgage loan will bear interest at a rate of 4.63% for a ten-year term, with a 25-year amortization. The acquisitions are scheduled to close effective July 1. The seller or sellers were not disclosed.

Read more at CNW


Sanctuary to expand in Kenya, Tanzania:  Sanctuary Retreats has opened four properties — the 16-room Sanctuary Escarpment Luxury Lodge, the 12-room Sanctuary Ngorongoro Crater Camp and the 8-room Sanctuary Serengeti Migration Camp, all located in Tanzania, and the 9-room Sanctuary Masai Mara Seasonal Camp, located in Kenya.


 Ascott to expand in Indonesia, Laos:  The Ascott Limited signed a franchise agreement to open the 116-unit Somerset Vientiane in the fourth quarter of 2014, and a 194-unit Citadines Kuta Beach Bali that is scheduled to open in August this year.

Read more at Ascott’s website


Silkar Turizm files for bankruptcy:  Silkar Turizm, which operates the Lykia World chain, has filed for bankruptcy.

Read more at Cihan