News in brief: Hilton, TFE, Value Place

Hilton to expand in South Korea: Hilton Worldwide is introducing its flagship Hilton Hotels & Resorts brand in Busan, South Korea, following the signing of a new management agreement with Emerson Pacific Inc. Scheduled to open in 2016, the 306-room Hilton Busan will be part of the East Busan Tourism Complex.


TFE Hotels to manage new hotel at Canberra Airport: Scheduled to open late 2015, the 191-room hotel will be operated under Toga Far East Hotels’ Vibe Hotel brand.

Read more at Sourceable


Value Place to enter San Angelo: Extended-stay brand Value Place has partnered with Pure Strike Development to develop a 124-room hotel in San Angelo, Texas.

Read more at Business Wire 


Chef to open new hotel, bar and restaurant concept in Los Angeles: Juan Pablo Torre plans to open the Dart Hotel & Restaurant in downtown Los Angeles by the end of the year.