Hyatt names CFO: Hyatt Hotels Corp. appointed Patrick Grismer chief financial officer, effective March 14. Grismer joins Hyatt from his post as chief financial officer at YUM! Brands.
Worldhotels adds first hotel in Colombia: Worldhotels added Hotel Morrison 114 in Bogota, Colombia. The 54-room hotel is the company’s first hotel in Colombia and its 14th in South America.
Morgans provides corporate update: Morgans Hotel Group Co. extended the initial maturity date of the nonrecourse mortgage notes and the mezzanine loans outstanding under the Hudson/Delano 2014 Mortgage Loan by one year from February 9, 2016 to February 9, 2017 and prepaid approximately US$28.2 million of outstanding indebtedness under the Hudson/Delano 2014 Mortgage Loan. Morgans also announced plans to commence a broker-marketed monetization Hudson New York and Delano South Beach and search for a permanent CEO.
Rezidor extends Stockholm lease: Rezidor extended its lease agreement for the Radisson Blu Strand Hotel, Stockholm by 25 years. The 100-year old building will see a full renovation led Wingårdhs and a17-room extension to a total of 169 keys – funded through a joint investment of MSEK150 by Rezidor and the owner.
Read more at Rezidor’s website
New management at Marriott Lincolnshire: The Bricton Group was named the new management company for the Marriott Lincolnshire Resort and Theater in Illinois. A US$22 million renovation is planned at the iconic property.
Melbourne’s Tune Hotel acquired: Aligned bought the Tune Hotel in Melbourne, Australia, for AUS$52 million (US$36.88 million). The 225-room budget hotel marks Aligned’s second acquisition of the year, and its first acquisition in Melbourne.
Read more at The Australian Financial Review
Zitahli Resort sold: Roxy-Pacific Holdings purchased the Zitahli Resort and Spa located on Noonu atoll Kufa-Funafaru Island in the Maldives for US$31 million. The 50-villa resort is Roxy-Pacific Holding’s first acquisition in the Maldives.