LaSalle buys San Francisco hotel: LaSalle Hotel Properties announced on Wednesday that it bought the Villa Florence hotel property in San Francisco for US$67.2 million.
Read more at The Wall Street Journal
Event buys Tallinn hotel: An affiliate of the Event Hotel Group bought the 280-room Radisson Blu hotel property in Tallinn, Estonia.
Accor expands in Australia: Accor has signed an agreement with Iwasaki Sangyo to manage the Japanese company’s Capricorn Resort in Yeppoon, Australia. The resort will be rebranded as Mercure.
Hilton spa concept enters Europe: Hilton Hotels & Resorts is debuting its eforea: spa at Hilton at its new location in Baku, Azerbaijan.
Read more at the Hilton Global Media Center
Brits may get Olympics discount: Britain’s Conservative-led government is planning on securing a 20.12% discount at British hotels for U.K. residents during the 2012 Summer Olympics to encourage domestic tourism.