News in brief: Gaylord, Waramaug, Sofitel Sydney Wentworth

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.

Read more at The Denver Post


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).

Read more at The Australian


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.

Read more at Reuters


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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