Jim Jiang expanding in China: Jin Jiang International Hotel Management Co. announced that it has partnered with Jiangsu Bright Investment Co. to open the 231-room Mingcheng Jin Jiang Hotel in Yancheng City.
Read more at Travel Daily News Asia
Interstate, Waramaug JV buys Florida resort: Interstate Hotels & Resorts, Waramaug Hospitality LLC and a private investment group announced the acquisition via joint venture of the 718-room Radisson Resort Orlando – Celebration, located in Kissimmee, Florida. The property, managed by Interstate under a long-term agreement, will undergo a US$9 million renovation. Hotel renovations will consist of upgrades and enhancements to all 718 guestrooms, public areas, meeting space and mechanical systems.
NYC’s Sony Building may be converted to hotel: After leading a consortium that bought the 37-story Sony Building, located in New York City, for US$1.1 billion last week, Joseph Chetrit said the property may be converted into a hotel.
Read more at The New York Times
Eastgate expands in Cincinnati: Eastgate Funding LLC bought the Holiday Inn & Suites Eastgate from Winegardner & Hammons for US$6.2 million.
Read more at the Business Courier
Auctus expands in Illinois: Auctus bought the 70-room Parke Hotel and Conference Center, located in Bloomington, which will be rebranded as Parke Regency Hotel and Conference Center.
LNR Partners buys Wisconsin hotel: LNR Partners bought the 390-room Radisson Paper Valley Hotel out of court-ordered receivership for US$17.8 million.
Read more at the Green Bay Gazette