Sale of Le Méridien Etoile considered: CBRE Hotels reported on Monday that it has been selected to advise on the potential sale of the 1,025-room Le Méridien Etoile in Paris, the largest hotel by room number in France.
Kyoto Grand sells for $45 million: The Kyoto Grand Hotel and Gardens in downtown Los Angeles was bought on Friday by UBS Realty Investors from 3d Investments for US$45 million. The 434-room hotel will be rebranded as a Doubletree.
Read more at the Los Angeles Times
Driftwood buys Delaware hotel: Driftwood Hospitality Management announced on Monday the US$12 million purchase of the Doubletree by Hilton Downtown Wilmington Legal District in Wilmington, Delaware.
Read more at CityBiz Real Estate
Hilton Worldwide earns green certification: Hilton Worldwide announced on Monday that it earned ISO 2001 certification for quality management systems and ISO 14001 certification for environmental management systems across its portfolio.
Read more at Enhanced Online News
Sunstone refinances debt: Sunstone Hotel Investors Inc. announced on Monday that it refinanced its US$270 million mortgage loan on the 460-room Doubletree Guest Suites Times Square.