Hyatt to expand in Thailand: Hyatt Hotels Corp. announced that an affiliate signed a management agreement with Pioneer Property Co. to open the 227-room Hyatt Place Bangkok, Sukhumvit in 2017.
Gokongwei partnering with Okada: Billionaire John Gokongwei’s Robinsons Land Corp. signed a preliminary agreement with Kazuo Okada’s Universal Entertainment Group for a proposed US$2.3 billion casino-resort project in Manila.
Brighton expands in California: Brighton Management bought the 101-room Le Rivage Hotel, located in Sacramento, and will convert it to Starwood Hotels & Resorts Worldwide’s Westin brand.
Read more at Sacramento Business Journal
Starwood Capital forms Europe debt fund: Starwood Capital raised £228.5 million (US$368.17 million) for a commercial real estate debt fund for Europe.
Read more at The Daily Telegraph