Lawsuit against Colorado Gaylord project thrown out: A judge dismissed a lawsuit filed by a group of Denver area hotels seeking to block the development of the 1,500-room Gaylord Rockies Hotel and Conference Center, to be located in Aurora.
Waramaug buys Milwaukee hotel: Waramaug LS Hotels bought the 210-room Comfort Suites Park Place for an undisclosed sum.
Asia Pacific investors vying for Sofitel Sydney Wentworth: CDL, Millennium Group and Sunardi Loekman are each reportedly interested in buying the 436-room Sofitel Sydney Wentworth for at least A$200 million (US$187 million).
Ayala Land to invest $245 million in hotels over next 2 years: Philippines developer Ayala Land plans to invest US$245 million to double its resort room inventory.
Asia Pacific hotel transactions up 49%: The total value of hotel investment sales in Asia Pacific increased by 49.8%, from US$1.49 billion in Q1 2013 to US$2.23 billion in Q1 2014, according to new data from Savills.
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